FHA Loan Specialists in Fredericksburg, VA
Browse fha loan specialists serving Fredericksburg, 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 20 fha loan specialists in Fredericksburg, VA
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An FHA loan specialist in Fredericksburg Virginia helps borrowers navigate FHA insured mortgages. These loans are popular for first time home buyers and those with lower credit scores. Virginia law requires all mortgage loan originators to be licensed through the Virginia State Corporation Commission Bureau of Financial Institutions.
What Does a FHA Loan Specialist in Fredericksburg Cost?
Typical costs for FHA loan services in Virginia include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Appraisal fees in Fredericksburg usually cost 500 to 700 dollars. These costs vary by lender and loan size. 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 Fredericksburg do?
An FHA loan specialist guides you through the FHA loan process from pre approval to closing. They help you understand FHA requirements like the 3.5 percent minimum down payment and the required mortgage insurance premiums. They also verify that the property meets FHA minimum property standards.
What are the FHA loan limits for Fredericksburg Virginia?
For 2024 the FHA loan limit for a single family home in Fredericksburg is 498,257 dollars. This limit applies to the city of Fredericksburg and surrounding Spotsylvania and Stafford counties. Higher limits may apply for duplex triplex and four unit properties.
Do I need a special license to be an FHA loan specialist in Virginia?
Yes all mortgage loan originators in Virginia must hold a valid license from the Nationwide Multistate Licensing System. They must also complete continuing education each year. You can verify a specialist license on the NMLS Consumer Access website.