FHA Loan Specialists in Fallon, NV
Compare fha loan specialists in Fallon. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of Nevada before hiring.
Showing 2 fha loan specialists in Fallon, NV
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What Does a FHA Loan Specialist in Fallon Cost?
Typical costs for an FHA loan specialist in Fallon, Nevada include an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount and an annual mortgage insurance premium (MIP) ranging from 0.45% to 1.05% depending on loan terms. Lender origination fees usually range from 0.5% to 1.5% of the loan amount. Third-party costs such as appraisal fees in Churchill County are around $500 to $700. 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 credit score requirements for an FHA loan in Fallon?
FHA loans generally require a minimum credit score of 580 for a 3.5% down payment. Borrowers with scores between 500 and 579 may qualify with a 10% down payment. Nevada lenders may have additional overlays beyond FHA minimums.
Are there specific property requirements for FHA loans in Nevada?
Yes, FHA requires an appraisal and inspection to ensure the property meets minimum safety and livability standards. In Fallon, specialists check for issues like well water quality and septic system functionality, which are common in rural Nevada properties.