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Showing 2 fha loan specialists in Smithville, MO
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Southern Bank
100 State Rte 92, Smithville, MO 64089
8554527272
Keri Rotterman Nodaway Valley Bank
14402 US-169, Smithville, MO 64089
8168732929
What Does a FHA Loan Specialist in Smithville Cost?
Typical costs for an FHA loan in Missouri 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 Smithville generally range from 2 to 5 percent of the purchase price, including appraisal fees around $500 to $700 and title fees. Costs vary by lender and loan size. 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 does an FHA loan specialist in Smithville do?
An FHA loan specialist helps borrowers understand FHA loan requirements, pre-qualify for a loan, and complete the application process. They also coordinate with local appraisers and lenders to ensure the property meets FHA minimum standards in Clay County.
What are the FHA loan limits for Smithville Missouri?
For 2025, the FHA loan limit for a single-family home in Clay County, which includes Smithville, is $498,257. Limits are higher for multi-unit properties and are adjusted annually by the Department of Housing and Urban Development.
What credit score do I need for an FHA loan in Missouri?
The minimum credit score for an FHA loan is typically 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Missouri lenders may have additional overlays beyond FHA minimums.