Find FHA Loan Specialists Near You in Yorktown, VA
Directory of fha loan specialists in Yorktown, Virginia. 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 Virginia before hiring.
Showing 2 fha loan specialists in Yorktown, 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 Yorktown Cost?
Typical costs for an FHA loan in Yorktown Virginia include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus an annual mortgage insurance premium of 0.55 to 0.85 percent. Closing costs generally range from 2 to 5 percent of the purchase price, including lender fees, title insurance, and appraisal fees. Virginia also charges a recordation tax of 25 cents per 100 dollars of the loan amount. Note that 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 Yorktown Virginia?
FHA loans generally 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. Virginia lenders may have their own overlays with slightly higher minimums.
Are there specific property requirements for FHA loans in Virginia?
Yes, FHA loans require the property to meet minimum property standards set by HUD. In Virginia, the home must be in safe and habitable condition with no major structural issues. An FHA appraiser will inspect the property to ensure it meets these standards before loan approval.