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Showing 2 fha loan specialists in Flora, 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.
Adam Black at CrossCountry Mortgage
116 Livingston Church Rd Suite B, Flora, MS 39071
6015400302
BankPlus
4837 E Main St, Flora, MS 39071
6018793112
What Does a FHA Loan Specialist in Flora Cost?
FHA loan costs 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. Typical closing costs in Flora range from 3000 to 6000 dollars depending on the loan size and lender fees. 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 Flora Mississippi?
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 but must put down 10 percent. Local lenders in Flora can review your specific situation.
Are there property requirements for FHA loans in Flora Mississippi?
Yes the property must meet FHA minimum standards for safety and livability. In Flora this includes a proper septic system or connection to public sewer as required by Madison County health codes. An FHA appraiser will inspect the home before approval.
How long does an FHA loan closing take in Flora Mississippi?
A typical FHA loan closing takes 30 to 45 days from application to funding. Delays can occur if the property needs repairs to meet FHA standards. Mississippi law requires all closing documents to be signed in the presence of a notary public.