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Showing 6 fha loan specialists in Richardson, TX
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Starlink Mortgage LLC
2011 N Collins Blvd #605, Richardson, TX 75080
(682) 772-0377
starlinkmortgage.net
Mercantile Mortgage Corporation
1401 N Central Expy # 100B, Richardson, TX 75080
(972) 661-9988
mercantilemortgage.com
NRL Mortgage- Richardson
1301 W President George Bush Hwy Suite 300, Richardson, TX 75080
(855) 439-6634
What Does a FHA Loan Specialist in Richardson Cost?
Typical costs for an FHA loan specialist in Texas include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium ranging from 0.45 to 1.05 percent. Closing costs in Richardson usually range from 2 to 5 percent of the purchase price. These costs vary by lender and borrower qualifications. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the minimum credit score requirements for an FHA loan in Richardson Texas?
The standard FHA loan requires a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may still qualify but need a 10 percent down payment. Texas law does not add extra credit requirements beyond federal FHA guidelines.
How long does it take to close an FHA loan in Richardson Texas?
A typical FHA loan closing in Texas takes 30 to 45 days from application to funding. The timeline can vary based on appraisal scheduling and underreview of borrower documents. Texas law requires a three-day right of rescission after signing loan documents.
What property types are eligible for FHA loans in Richardson Texas?
FHA loans in Richardson can be used for single-family homes, condominiums on the FHA approved list, and manufactured homes that meet HUD standards. The property must be the borrower's primary residence. Texas law does not allow FHA loans for investment or vacation properties.