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 Louisiana before hiring.
Showing 7 fha loan specialists in West Monroe, 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.
World Finance
1010 N 7th St a, West Monroe, LA 71291
3183874170
Assurance Financial - West Monroe
1215 Cypress St Ste. 3, West Monroe, LA 71291
3188120022
1st Franklin Financial
3103 Cypress St Suite 7, West Monroe, LA 71291
3183615701
Tower Loan
3000 N 7th St, West Monroe, LA 71291
3183881251
Lendmark Financial Services LLC
2601 N 7th St Suite 300, West Monroe, LA 71291
3185161545
Heights Finance
3426 Cypress St Ste 13, West Monroe, LA 71291
3183963119
Southwest Funding LP
1318 N 7th St, West Monroe, LA 71291
3186544228
What Does a FHA Loan Specialist in West Monroe Cost?
Typical costs for an FHA loan specialist in Louisiana include an origination fee of 1 to 2 percent of the loan amount. You may also pay an upfront mortgage insurance premium of 1.75 percent of the loan. Annual mortgage insurance premiums range from 0.45 to 1.05 percent. Costs vary by lender and your specific financial situation. 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 does an FHA loan specialist in West Monroe do?
An FHA loan specialist helps you apply for a Federal Housing Administration loan. They review your finances, explain FHA guidelines, and assist with paperwork. In Louisiana, they must follow state licensing rules set by the Louisiana Office of Financial Institutions.
What are the FHA loan limits for West Monroe Louisiana?
FHA loan limits for West Monroe follow the standard limits for Ouachita Parish. As of 2024, the floor limit for a single-family home is typically around $498,257. Check with a specialist for the exact current limit.
How do I qualify for an FHA loan in West Monroe?
You need a minimum credit score of 580 for a 3.5 percent down payment. A score between 500 and 579 may require a 10 percent down payment. You must also have a valid Social Security number and meet Louisiana residency requirements.