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Directory of fha loan specialists in Grayslake, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
6 agents listed
Updated May 2026
Grayslake, 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 6 fha loan specialists in Grayslake, 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.
The Bryan Schmidt Group / Preferred Rate (NMLS#275275)
1860 N Illinois 83 #118, Grayslake, IL 60030
8476034778
Jim Strachan | Fairway Independent Mortgage Corporation
419 Center St Ste A, Grayslake, IL 60030
8475467769
Mutual of Omaha Mortgage
136 Center St #136R, Grayslake, IL 60030
8473271716
Wintrust Mortgage
50 Commerce Dr, Grayslake, IL 60030
8475482700
Fairway Independent Mortgage Corporation | Iron Home Mortgage Team
419 Center St Ste A, Grayslake, IL 60030
8479866447
Frank J Hayes - PNC Mortgage Loan Officer (NMLS #573951)
202 Center St, Grayslake, IL 60030
8472695626
FHA loan specialists in Grayslake, Illinois help homebuyers and homeowners secure loans insured by the Federal Housing Administration. These loans often have lower down payment requirements and flexible credit standards. Illinois has specific property condition and appraisal rules that an FHA specialist can explain to local borrowers.
What Does a FHA Loan Specialist in Grayslake 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 of 0.55 percent to 0.85 percent depending on loan term and down payment. Closing costs in Grayslake generally range from 2 to 5 percent of the purchase price. Lender fees and third party costs like appraisal and title insurance vary. 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 Grayslake do?
An FHA loan specialist guides you through the FHA loan process, from pre approval to closing. They help you understand Illinois specific requirements, such as property eligibility and mortgage insurance premiums.
What are the FHA loan limits for Grayslake Illinois?
For 2024, the FHA loan limit for a single family home in Lake County, which includes Grayslake, is $498,257. This limit can change annually based on the local median home price.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
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.