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 18 fha loan specialists in Springfield, 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.
Heights Finance
234/236 S Dirksen Pkwy, Springfield, IL 62703
2175232274
Mariner Finance
3417 Freedom Dr, Springfield, IL 62704
2177185174
Andrew Cornett - LeaderOne Financial ( DayOne Mortgage)
2055 W Iles Ave, Springfield, IL 62704
2175531170
Constant Mortgage Group - HMA Mortgage
1224 Centre W Dr # 200D, Springfield, IL 62704
2178362177
Diamond Residential Mortgage Corporation
3330 Hedley Rd #B, Springfield, IL 62711
2176514418
OneMain Financial
2727 S 6th St, Springfield, IL 62703
2177532900
Flat Branch Home Loans
3500 Mitchell Dr, Springfield, IL 62711
2177269000
217 Mortgage powered by New American Funding
3159 Pleasant Run ste B, Springfield, IL 62711
2176913075
New American Funding - Fred Weber
3159 Pleasant Run ste B, Springfield, IL 62711
2172902106
Illinois Home Mortgage
3500 Mitchell Dr, Springfield, IL 62711
2177269000
Paula Wykoff - Flanagan State Bank
919 S 8th St, Springfield, IL 62703
2175225191
Farm Credit Services of Illinois
3600 Wabash Ave # B, Springfield, IL 62711
2172884867
Hard Money Lenders Springfield IL
1 W Old State Capitol Plaza, Springfield, IL 62701
2174039592
PNC Mortgage
3019 Chatham Rd, Springfield, IL 62704
2175356600
Trent Peterman - Diamond Residential Mortgage Corporation
3330 Hedley Rd Suites A2 and B, Springfield, IL 62711
2176229407
HMA Mortgage
1224 Centre W Dr # 200D, Springfield, IL 62704
2178362177
Stephanie Verardi - Mortgage Banker - Heartland Bank
3601 Wabash Ave, Springfield, IL 62711
2173213478
New American Funding - Springfield Pleasant Run
3159 Pleasant Run ste B, Springfield, IL 62711
2176913075
What Does a FHA Loan Specialist in Springfield 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 MIP of 0.55 to 0.85 percent. Closing costs in Springfield generally range from 2 to 5 percent of the purchase price. Lender fees and third party costs such as appraisal and title insurance also apply. 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 do I need for an FHA loan in Springfield?
Most FHA lenders require a minimum credit score of 580 for a 3.5 percent down payment. Some lenders may accept scores as low as 500 with a 10 percent down payment. Requirements vary by lender and your specific financial situation.
Are there income limits for FHA loans in Illinois?
FHA loans do not have strict income limits but you must show steady employment and ability to repay. The loan amount is capped based on county limits for Sangamon County which is currently around $498,257 for a single family home. Your debt to income ratio should generally not exceed 43 percent.
How long does the FHA loan process take in Springfield?
The typical FHA loan process takes 30 to 45 days from application to closing. This includes appraisal, underwriting, and final approval. Delays can occur if additional documentation is needed or if the property requires repairs to meet FHA standards.