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Directory of fha loan specialists in Lake Forest, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
7 agents listed
Updated May 2026
Lake Forest, 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 7 fha loan specialists in Lake Forest, 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.
Diamond Residential Mortgage Corporation
582 Oakwood Ave, Lake Forest, IL 60045
8472449301
Brian Jessen Wintrust Mortgage
727 N Bank Ln, Lake Forest, IL 60045
8477120830
Brendan Bunce - Diamond Residential Mortgage
582 Oakwood Ave, Lake Forest, IL 60045
8478497509
Steve Hill - Chase Home Lending Advisor - NMLS ID 406330
Kris Brian - Diamond Residential Mortgage Corporation
582 Oakwood Ave, Lake Forest, IL 60045
3178337022
An FHA loan specialist in Lake Forest, Illinois can guide you through the process of obtaining a mortgage insured by the Federal Housing Administration. Illinois law requires lenders to provide certain disclosures, including the Illinois Residential Mortgage License Act notice. Working with a specialist helps you understand FHA guidelines, credit score minimums, and down payment requirements specific to Lake Forest properties.
What Does a FHA Loan Specialist in Lake Forest Cost?
Typical costs for an FHA loan specialist in Illinois include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 to 0.85 percent. Closing costs in Lake Forest generally range from 2 to 5 percent of the loan amount. These costs vary by lender and property. 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 Lake Forest do?
An FHA loan specialist helps borrowers understand FHA loan requirements, pre-qualify for a mortgage, and complete the application process. They explain Illinois-specific rules, such as the Illinois Mortgage Escrow Account Act, which governs how escrow funds are managed.
What are the minimum credit score requirements for an FHA loan in Illinois?
For an FHA loan in Illinois, the minimum credit score is typically 580 with a 3.5 percent down payment. Borrowers with a credit score between 500 and 579 may qualify with a 10 percent down payment. These requirements follow federal FHA guidelines.
Are there income limits for FHA loans in Lake Forest?
FHA loans do not have strict income limits, but borrowers must show stable employment and sufficient income to repay the loan. In Lake Forest, the loan amount is capped by the FHA loan limit for Lake County, which adjusts annually based on median home prices.
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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.