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Browse fha loan specialists serving Des Plaines, Illinois. Contact information and addresses listed below.
5 agents listed
Updated May 2026
Des Plaines, 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 5 fha loan specialists in Des Plaines, 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.
FHA loan specialists in Des Plaines Illinois help homebuyers secure government-backed mortgages with lower down payments. These professionals guide clients through Illinois-specific requirements such as state disclosure laws and property appraisal standards. Working with a local specialist can simplify the loan process for first-time buyers and those with lower credit scores.
What Does a FHA Loan Specialist in Des Plaines 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 premium between 0.45 and 1.05 percent. Closing costs in Des Plaines usually range from 2 to 5 percent of the purchase price. Additional fees may include appraisal costs around $500 to $700 and credit report fees of $30 to $50. 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 are the FHA loan limits for Des Plaines Illinois in 2025?
For 2025 the FHA loan limit for a single-family home in Cook County including Des Plaines is $498,257. This amount is set by the Federal Housing Administration and may change each year. Higher limits apply for multi-unit properties.
Do I need a special license to be an FHA loan specialist in Illinois?
Yes FHA loan specialists in Illinois must hold a valid Mortgage Loan Originator license from the Illinois Department of Financial and Professional Regulation. They must also complete annual continuing education and pass a background check.
What documents do I need to apply for an FHA loan in Des Plaines?
You will need recent pay stubs W-2 forms tax returns bank statements and a valid ID. Illinois law also requires proof of homeowners insurance and a property appraisal from an FHA-approved appraiser.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Illinois.