Find FHA Loan Specialists Near You in St Albans, WV
Directory of fha loan specialists in St Albans, West 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 West Virginia before hiring.
Showing 3 fha loan specialists in St Albans, WV
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An FHA loan specialist in St Albans West Virginia helps borrowers understand and apply for loans insured by the Federal Housing Administration. These loans are popular in the Kanawha Valley for first-time buyers and those with lower credit scores. West Virginia law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS).
What Does a FHA Loan Specialist in St Albans Cost?
Typical costs for an FHA loan specialist in West Virginia include an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount and an annual MIP of 0.55 to 0.85 percent. Lender origination fees usually range from 0.5 to 1.5 percent of the loan. Third-party costs like appraisal and credit report fees add several hundred dollars. This is general information 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 credit score do I need for an FHA loan in St Albans?
Most FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may still qualify but need a 10 percent down payment. Each lender may have its own requirements above the FHA minimum.
Are there special FHA loan limits for West Virginia?
Yes. FHA loan limits vary by county. For Kanawha County which includes St Albans the 2025 limit for a single-family home is typically around $498,257. Higher limits apply for duplexes triplexes and fourplex properties.
Do I need a home inspection for an FHA loan in West Virginia?
Yes. FHA requires a property appraisal that checks safety soundness and security. While not a full home inspection the appraiser will identify major issues like faulty wiring or roof damage. West Virginia law does not require a separate home inspection but it is strongly recommended.