Find FHA Loan Specialists Near You in Chesapeake, VA
Looking for a fha loan specialist in Chesapeake? Review the directory below to compare your options.
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 Chesapeake, VA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a FHA Loan Specialist in Chesapeake Cost?
Typical costs for an FHA loan in Virginia include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 to 0.85 percent. Closing costs in Chesapeake generally range from 3 to 5 percent of the purchase price. These costs vary based on the lender loan amount and property condition. 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 FHA loan limits for Chesapeake Virginia?
For 2024 the FHA loan limit for a single family home in Chesapeake Virginia is $498,257. This limit is set by HUD and applies to most areas in the Hampton Roads region.
What Virginia specific requirements apply to FHA loans?
Virginia law requires borrowers to complete a homeownership education course approved by the Virginia Housing Development Authority. This course covers budgeting credit and the responsibilities of homeownership.
How long does the FHA loan process take in Chesapeake?
The typical FHA loan process in Chesapeake takes 30 to 45 days from application to closing. Delays can occur if the property requires repairs identified in a VA or FHA appraisal.