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Directory of fha loan specialists in Rantoul, Illinois. Verify credentials with the state mortgage licensing authority before hiring.
5 agents listed
Updated May 2026
Rantoul, 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 Rantoul, 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.
World Finance
324 B E Champaign Ave, Rantoul, IL 61866
2178925577
Credit Union 1
200 E Champaign Ave, Rantoul, IL 61866
2176936150
Community Plus Federal Credit Union
526 E Champaign Ave, Rantoul, IL 61866
2178938201
Bank of Rantoul
201 E Champaign Ave, Rantoul, IL 61866
2178922143
Dawn Babb - COUNTRY Financial Representative
131 E Sangamon Ave, Rantoul, IL 61866
2178920291
FHA loan specialists in Rantoul, Illinois help borrowers secure mortgages insured by the Federal Housing Administration. These loans are popular in Champaign County due to lower down payment requirements and flexible credit guidelines. Illinois law requires all mortgage loan originators to be licensed through the Illinois Department of Financial and Professional Regulation.
What Does a FHA Loan Specialist in Rantoul Cost?
Typical costs for an FHA loan in Illinois include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus an annual premium of 0.55 to 0.85 percent. Closing costs in Rantoul generally range from 2 to 5 percent of the purchase price. Lender origination fees vary but are often around 1 percent of the loan. 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 credit score is needed for an FHA loan in Rantoul?
Most FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may still qualify with a 10 percent down payment. Lenders in Rantoul may have their own overlays above these minimums.
Are there income limits for FHA loans in Illinois?
FHA loans do not have strict income limits, but borrowers must show stable employment and sufficient income to cover mortgage payments. Illinois law requires lenders to verify income through tax returns, pay stubs, and bank statements. Debt-to-income ratios typically cannot exceed 43 percent.
What is the FHA loan limit for Rantoul, Illinois?
For 2024, the FHA loan limit for a single-family home in Champaign County is 498,257 dollars. This limit applies to most areas in Illinois and adjusts annually based on median home prices. Higher limits may apply for multi-unit properties.
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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.