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Showing 3 fha loan specialists in Riverdale, GA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Kinsmith Finance
6406 GA-85 B, Riverdale, GA 30274
7709916712
New Atlanta Mortgage and Taxes
1268 GA-138, Riverdale, GA 30296
4048896340
Chase Home Lending
7145 GA-85, Riverdale, GA 30274
5169517005
What Does a FHA Loan Specialist in Riverdale Cost?
Typical costs for an FHA loan in Georgia include an upfront mortgage insurance premium of 1.75% of the loan amount and an annual premium of 0.55% to 0.85%. Closing costs usually range from 2% to 5% of the purchase price. For a $200,000 home, upfront MIP would be about $3,500 and closing costs could be $4,000 to $10,000. Your specialist can provide a detailed loan estimate. 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 Riverdale?
Most FHA loans require a minimum credit score of 580 for a 3.5% down payment. Borrowers with scores between 500 and 579 may qualify with a 10% down payment. Each lender in Georgia may set its own credit requirements above FHA minimums.
Are FHA loans available for condos in Riverdale?
Yes, FHA loans can be used for condos if the complex is on the FHA-approved list. Riverdale has several approved condo communities. Your specialist can check the HUD database to confirm eligibility before you apply.
How long does the FHA loan process take in Georgia?
The typical FHA loan process in Georgia takes 30 to 45 days from application to closing. Delays can occur if the property needs repairs to meet FHA minimum property standards. Your specialist will help you prepare all required documents to speed up the process.