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 4 fha loan specialists in Forsyth, 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.
Decatur Earthmover Credit Union
260 Marion Ave, Forsyth, IL 62535
2178728170
New American Funding - Forsyth, IL
133 Barnett Ave #1, Forsyth, IL 62535
4474421197
Morgan Stanley Financial Advisors
241 W Weaver Rd 2nd floor, Forsyth, IL 62535
2178753700
Edward Jones - Financial Advisor: Angela E Daniels, AAMS®
247 Lucile Ave, Forsyth, IL 62535
2178582975
What Does a FHA Loan Specialist in Forsyth Cost?
Typical costs for an FHA loan in Illinois include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus annual MIP of 0.55 to 0.85 percent. Closing costs in Forsyth generally range from 2 to 5 percent of the purchase price, including appraisal fees of $400 to $700 and title insurance. Lender origination fees vary from 0.5 to 1.5 percent. 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 does an FHA loan specialist in Forsyth do?
An FHA loan specialist guides you through FHA loan requirements, including credit score minimums of 580 for 3.5 percent down payment. They help with pre-approval, document collection, and connecting you with Illinois-approved appraisers and lenders.
What are the FHA loan limits for Forsyth Illinois?
For 2024, the FHA loan limit for a single-family home in Macon County is $498,257. This limit is set by the U.S. Department of Housing and Urban Development and may change annually.