Compare FHA Loan Specialists in Lafayette, LA
Browse fha loan specialists serving Lafayette, Louisiana. Contact information and addresses listed below.
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
State Mortgage Licensing Authority of Louisiana before hiring.
Showing 20 fha loan specialists in Lafayette, LA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
FHA loan specialists in Lafayette Louisiana help homebuyers secure government-backed mortgages with lower down payments. Louisiana law requires all FHA loan originators to hold a valid state license through the Louisiana Office of Financial Institutions. Local specialists understand the unique housing market in Lafayette and can guide borrowers through the specific FHA loan limits for Lafayette Parish.
What Does a FHA Loan Specialist in Lafayette Cost?
Typical costs for an FHA loan specialist in Louisiana include an origination fee of 1 percent of the loan amount and third-party fees for appraisal and credit report. Appraisal fees in Lafayette range from $500 to $700. Closing costs generally total 3 to 5 percent of the loan amount. 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 Lafayette Louisiana?
For 2024 the FHA loan limit for a single-family home in Lafayette Parish is $498,257. This amount applies to standard FHA loans and may be higher for multi-unit properties. Limits are set by the U.S. Department of Housing and Urban Development and are adjusted annually.
What credit score is needed for an FHA loan in Louisiana?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may still qualify but must put down at least 10 percent. Individual lenders in Louisiana may set higher minimums.
Do FHA loans require mortgage insurance in Louisiana?
Yes all FHA loans require both an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual MIP that varies based on loan term and loan-to-value ratio. Louisiana borrowers must pay this insurance for the life of the loan if the down payment is less than 10 percent.