Compare FHA Loan Specialists in San Marcos, TX
Directory of fha loan specialists in San Marcos, Texas. Verify credentials with the state state mortgage licensing authority before hiring.
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 12 fha loan specialists in San Marcos, TX
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FHA loan specialists in San Marcos, Texas help homebuyers secure government-backed loans with lower down payments and flexible credit requirements. Texas law requires all FHA loan originators to hold a valid state license through the Texas Department of Savings and Mortgage Lending. Local specialists understand the unique housing market in Hays County and can guide you through the FHA appraisal and underwriting process.
What Does a FHA Loan Specialist in San Marcos Cost?
Typical costs for FHA loan services in Texas include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus annual mortgage insurance premiums of 0.55 to 0.85 percent. Closing costs generally range from 2 to 5 percent of the home price. Lender origination fees vary but often fall between 0.5 and 1.5 percent of the loan amount. 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 San Marcos?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Texas lenders may have additional overlays beyond FHA minimums.
How long does the FHA loan process take in Texas?
The typical FHA loan process in Texas takes 30 to 45 days from application to closing. Texas law requires a 3-day right of rescission for refinances. Delays can occur if additional documentation or property repairs are needed.
Are there Texas-specific FHA loan limits for San Marcos?
Yes, FHA loan limits vary by county. For 2024, the FHA loan limit for a single-family home in Hays County is $530,150. Higher limits apply for duplexes and larger properties. These limits are set by the Federal Housing Administration and updated annually.