Compare FHA Loan Specialists in Southaven, MS
Looking for a fha loan specialist in Southaven? Review the directory below to compare your options.
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 Mississippi before hiring.
Showing 12 fha loan specialists in Southaven, MS
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An FHA loan specialist in Southaven Mississippi can guide you through the process of obtaining a government-backed mortgage. These professionals understand local housing market conditions in DeSoto County and the specific FHA loan limits for Mississippi. They help borrowers with lower credit scores or smaller down payments qualify for home financing.
What Does a FHA Loan Specialist in Southaven Cost?
Typical costs for an FHA loan specialist in Mississippi include an origination fee of 1 percent of the loan amount, plus appraisal fees around $500 to $700. The upfront mortgage insurance premium is 1.75 percent of the base loan amount, and annual mortgage insurance premiums range from 0.45 to 1.05 percent depending on loan terms. Closing costs in Southaven generally total 2 to 5 percent of the purchase price. This is general information, 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 Southaven Mississippi in 2025?
For 2025, the FHA loan limit for a single-family home in DeSoto County Mississippi is $498,257. This amount is based on the local median home price and is set by the Department of Housing and Urban Development. Higher limits apply for duplexes and larger properties.
Do I need a special license to be an FHA loan specialist in Mississippi?
Yes, FHA loan specialists in Mississippi must hold a valid mortgage loan originator license through the Nationwide Multistate Licensing System. They must also complete continuing education courses approved by the Mississippi Department of Banking and Consumer Finance.
What documents do I need for an FHA loan in Southaven?
You will need pay stubs from the last 30 days, two years of W-2 forms, federal tax returns, bank statements for the last two months, and a valid government ID. Self-employed borrowers must also provide profit and loss statements and business tax returns.