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 Barrington, 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.
Precision Mortgage Corporation
101 S Hough St Ste. 6B, Barrington, IL 60010
8004188700
Amerifinancial Home Mortgage, Inc
200 N Northwest Hwy Suite 300, Barrington, IL 60010
8473824545
Prime Rate Mortgage
613 Bryant Ave, Barrington, IL 60010
8478927600
Wintrust Mortgage: Jennifer Sobocienski
217 S Hough St, Barrington, IL 60010
7738968157
Optimal Mortgage Group, LLC
525 W Old Northwest Hwy Suite 302C - Rm 1, Barrington, IL 60010
8773007766
Wintrust Mortgage
201 S Hough St, Barrington, IL 60010
8478008128
Wintrust Mortgage: Tiffany Andreae
201 S Hough St, Barrington, IL 60010
8472092200
What Does a FHA Loan Specialist in Barrington Cost?
Typical costs for an FHA loan specialist in Illinois include an upfront mortgage insurance premium of 1.75% of the loan amount and an annual premium of 0.55% to 0.85%. Origination fees range from 0.5% to 1% of the loan value and appraisal fees in Barrington are usually $500 to $700. Costs vary by situation and lender. 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 does an FHA loan specialist in Barrington do?
An FHA loan specialist in Barrington guides clients through the FHA loan process including pre-qualification documentation and closing. They ensure the loan meets FHA guidelines and Illinois state laws such as required disclosures and escrow procedures.
What are the FHA loan limits for Barrington Illinois?
FHA loan limits for Barrington Illinois are set by the Department of Housing and Urban Development. For 2024 the single-family home limit in Cook and Lake counties is typically around $498,257 but this can vary by county and property type.
Are there Illinois-specific requirements for FHA loans?
Yes Illinois requires FHA loan borrowers to complete a homeownership counseling course if they are first-time buyers. Additionally Illinois law mandates that lenders provide a specific closing cost estimate and property disclosure forms before finalizing the loan.