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 Alabama before hiring.
Showing 9 fha loan specialists in Hoover, AL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Heights Finance
2125 Data Office Dr # 102, Hoover, AL 35244
2057334228
Hometown Lenders, Inc.
501 Riverchase Pkwy E, Hoover, AL 35244
2059897171
Cahaba Mortgage
2 Chase Corporate Dr #30, Hoover, AL 35244
2053941764
Creative 1st Mortgage
3245 Lorna Rd, Hoover, AL 35216
2055309500
Trey Horton Mortgage
1 Chase Corporate Dr # 400, Hoover, AL 35244
2052968741
Amanda Blalock - NMLS 368815
3245 Lorna Rd, Hoover, AL 35216
2054471990
Three Oaks Mortgage, LLC
3 Riverchase Office Plaza #122, Hoover, AL 35244
2057696001
Stockton Mortgage
Riverchase Office Plaza Building 1 Suite 204, Hoover, AL 35244
2058598859
Mike Tullo, Success Lending, LLC NMLS#457098
100 Chase Park S Suite 118, Hoover, AL 35244
2054225946
What Does a FHA Loan Specialist in Hoover Cost?
Typical costs for an FHA loan in Alabama include an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount, plus an annual MIP of 0.55 percent to 0.85 percent depending on loan term and down payment. Closing costs in Hoover generally range from 2 to 5 percent of the purchase price. Lender fees, appraisal fees, and title insurance also apply. 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 Hoover Alabama?
The standard FHA loan requires a minimum credit score of 580 for a 3.5 percent down payment. If your credit score is between 500 and 579, you may still qualify with a 10 percent down payment. Lenders in Alabama may have overlays that require higher scores.
Can I use an FHA loan to buy a condo in Hoover Alabama?
Yes, but the condo complex must be on the FHA approved condominium list. Many Hoover complexes are approved, but you should verify with your loan specialist. The FHA also allows spot approvals for certain units.
How long does it take to close an FHA loan in Alabama?
The typical timeline for an FHA loan in Alabama is 30 to 45 days. This includes appraisal, underwriting, and processing. Delays can occur if additional documentation is needed or if the property requires repairs.