Find FHA Loan Specialists Near You in Montgomery, AL
Directory of fha loan specialists in Montgomery, Alabama. 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 Alabama before hiring.
Showing 20 fha loan specialists in Montgomery, 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.
FHA loan specialists in Montgomery, Alabama help homebuyers navigate FHA-insured mortgages, which are popular for their low down payment requirements. Alabama law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS). Local specialists understand Montgomery housing market conditions and can guide you through the FHA appraisal process required by HUD.
What Does a FHA Loan Specialist in Montgomery 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 to 0.85 percent depending on loan term and down payment. Closing costs in Montgomery range from 2 to 5 percent of the purchase price, including appraisal fees around $500 to $700 and lender origination fees. These costs vary by lender and loan size. 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 is needed for an FHA loan in Montgomery?
The minimum credit score for an FHA loan is typically 580 with a 3.5 percent down payment. Some lenders may accept scores as low as 500 with a 10 percent down payment. Requirements can vary by lender in Alabama.
Are FHA loans only for first-time homebuyers in Alabama?
No, FHA loans are available to all qualified buyers, not just first-time homebuyers. You must occupy the property as your primary residence. There is no Alabama-specific restriction limiting FHA loans to first-time buyers.
What is the FHA loan limit for Montgomery County in 2025?
For 2025, the FHA loan limit for a single-family home in Montgomery County is typically around $498,257 for standard areas. Higher limits apply for duplexes and larger properties. Check HUDs website for the exact current limit.