Find FHA Loan Specialists Near You in Blacksburg, VA
Browse fha loan specialists serving Blacksburg, Virginia. 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 Virginia before hiring.
Showing 15 fha loan specialists in Blacksburg, VA
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An FHA loan specialist in Blacksburg Virginia can guide you through the process of obtaining a government-backed mortgage. Virginia law requires lenders to provide specific disclosures under the Virginia Residential Mortgage Act. Blacksburg home buyers often use FHA loans to purchase single-family homes or townhouses in the New River Valley area.
What Does a FHA Loan Specialist in Blacksburg Cost?
Typical costs for FHA loan services in Virginia include an upfront mortgage insurance premium of 1.75 percent of the loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent. Lender origination fees usually fall between 0.5 and 1.0 percent of the loan. Appraisal fees in Blacksburg average 500 to 700 dollars. 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 does an FHA loan specialist in Blacksburg do?
An FHA loan specialist helps you complete a Federal Housing Administration loan application. They review your credit history, income, and debt levels to determine eligibility. They also explain Virginia-specific requirements such as property condition standards and local appraisal rules.
What are the FHA loan limits for Blacksburg Virginia?
For 2024 the FHA loan limit for a single-family home in Montgomery County is typically around $498,257. Higher limits may apply for duplexes and larger properties. Your specialist can confirm the exact limit for your desired property.
Do I need a special license to work with an FHA loan specialist in Virginia?
FHA loan specialists must be licensed mortgage loan originators under Virginia law. They must pass a background check and complete pre-licensing education. You can verify a specialist license through the Virginia State Corporation Commission.