FHA Loan Specialists in San Juan, TX
Browse fha loan specialists serving San Juan, Texas. Contact information and addresses listed below.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Texas before hiring.
Showing 4 fha loan specialists in San Juan, TX
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FHA loan specialists in San Juan, Texas help homebuyers secure government-backed mortgages with lower down payments. These professionals guide clients through FHA requirements, including Texas-specific property standards and flood zone considerations common in Hidalgo County. Working with a local specialist ensures you understand the unique aspects of the Rio Grande Valley real estate market.
What Does a FHA Loan Specialist in San Juan Cost?
Typical costs for FHA loan specialist services in Texas include an origination fee of 1 to 2 percent of the loan amount. Borrowers also pay an upfront mortgage insurance premium of 1.75 percent of the base loan amount, plus an annual premium of 0.55 to 0.85 percent depending on loan term and down payment. Closing costs in San Juan generally range from 2 to 5 percent of the purchase price. This is general information, 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 does an FHA loan specialist in San Juan do?
An FHA loan specialist assists borrowers with FHA-insured mortgage applications. They help you understand credit score minimums, debt-to-income ratios, and the required mortgage insurance premiums. In Texas, they also ensure the property meets FHA minimum property standards and complies with local building codes.
What are the FHA loan limits for San Juan Texas?
For 2024, FHA loan limits in Hidalgo County, which includes San Juan, are set at $498,257 for a single-family home. These limits are based on the median home prices in the area and are updated annually by the Department of Housing and Urban Development.
Do I need a special license to be an FHA loan specialist in Texas?
Yes, FHA loan specialists in Texas must hold a valid mortgage loan originator license through the Nationwide Multistate Licensing System. They also must complete continuing education requirements each year, including Texas-specific laws on reverse mortgages and foreclosure procedures.