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Showing 2 fha loan specialists in Hoffman Estates, 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.
Acclaim Mortgage Corp.
2815 Forbs Ave #107, Hoffman Estates, IL 60192
6304003413
Dennis Garcell at CrossCountry Mortgage
2815 Forbs Ave, Hoffman Estates, IL 60192
8158719962
What Does a FHA Loan Specialist in Hoffman Estates 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. Closing costs in Hoffman Estates generally range from 2 to 5 percent of the purchase price. These costs vary by lender and loan size. 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 FHA loan limits for Hoffman Estates in 2025?
For 2025, the FHA loan limit for a single-family home in Cook County, which includes Hoffman Estates, is $524,225. This limit applies to most areas and is set by the U.S. Department of Housing and Urban Development.
What credit score is needed for an FHA loan in Illinois?
The minimum credit score for an FHA loan is typically 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Illinois lenders may have additional requirements.
How long does the FHA loan process take in Hoffman Estates?
The FHA loan process usually takes 30 to 45 days from application to closing. This timeline includes property appraisal, underwriting review, and final approval. Delays can occur if additional documentation is needed.