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Find FHA Loan Specialists Near You in Algonquin, IL

Browse fha loan specialists serving Algonquin, Illinois. Contact information and addresses listed below.

7 agents listed
Updated May 2026
Algonquin, IL
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 Illinois before hiring.
Showing 7 fha loan specialists in Algonquin, IL Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
McMahon Mortgage Team | Algonquin, IL
2380 Esplanade Dr #301, Algonquin, IL 60102
8476139274
NEIGHBORHOOD LOANS
777 E Algonquin Rd, Algonquin, IL 60102
8478264331
Tom DuSell at Rate (NMLS #756649)
2380 Esplanade Dr Office #1, Algonquin, IL 60102
8479974268
Mortgage Lender and Home Loans Tony Abazi
1489 Merchant Dr, Algonquin, IL 60102
6302257524
Roop Singh | Mortgage Loan Originator | NMLS#2584833
13 White Chapel Ct, Algonquin, IL 60102
2243758868
Sheila DuPaw at Rate Crystal Lake (NMLS #631477)
3927 Algonquin Rd, Algonquin, IL 60102
8478155626
Walt Hajduk | Mortgage Loan Officer | Algonquin, IL
2380 Esplanade Dr #301, Algonquin, IL 60102
6305314100

An FHA loan specialist in Algonquin Illinois can help you navigate the Federal Housing Administration loan process. These loans are popular in the Chicago suburbs due to lower down payment requirements and flexible credit guidelines. Illinois law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS).

What Does a FHA Loan Specialist in Algonquin Cost?

Typical costs for an FHA loan in Illinois include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 to 0.85 percent. Closing costs generally range from 3 to 5 percent of the purchase price. Lender fees and origination charges vary by company. 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 main FHA loan requirements in Algonquin Illinois?
FHA loans require a minimum 3.5 percent down payment and a credit score of at least 580. The property must meet FHA appraisal standards and be your primary residence. Illinois does not have state-specific FHA requirements beyond federal guidelines.
How do I find a licensed FHA loan specialist in Algonquin?
You can search for licensed mortgage loan originators through the NMLS Consumer Access website. Look for specialists who have experience with FHA loans and are familiar with the Algonquin real estate market. Always verify their license status before working with them.