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 Mississippi before hiring.
Showing 6 fha loan specialists in Canton, MS
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Advance America
904 E Peace St, Canton, MS 39046
6018559330
Community Choice Financial
124 W Center St, Canton, MS 39046
6018592274
Family Choice Financial
1062 E Peace St, Canton, MS 39046
6018594280
Heights Finance
1026 E Peace St, Canton, MS 39046
6018555096
Tower Loan
178 W Center St, Canton, MS 39046
6018594791
Lisa Grantham - Renasant Mortgage
3330 S Liberty St, Canton, MS 39046
6013269597
What Does a FHA Loan Specialist in Canton Cost?
Typical costs for an FHA loan in Mississippi include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 to 0.85 percent. Closing costs in Canton usually range from 2 to 5 percent of the purchase price. Lender fees, appraisal fees, 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 are the FHA loan requirements in Canton Mississippi?
FHA loans require a minimum down payment of 3.5 percent for borrowers with a credit score of 580 or higher. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. The property must meet FHA minimum property standards and be your primary residence.
How long does the FHA loan process take in Mississippi?
The typical FHA loan process in Mississippi takes 30 to 45 days from application to closing. Delays can occur if the appraisal requires repairs or if additional documentation is needed. Mississippi law does not set a specific timeline, but lenders follow federal FHA guidelines.
Are there Mississippi specific rules for FHA loans?
Mississippi follows standard FHA guidelines set by HUD. However, Mississippi law requires lenders to provide a Good Faith Estimate and a Truth in Lending disclosure. Borrowers in Canton should also be aware of Mississippi property tax and insurance requirements that affect monthly payments.