Find FHA Loan Specialists Near You in Lexington, NC
Browse fha loan specialists serving Lexington, North Carolina. Contact information and addresses listed below.
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 North Carolina before hiring.
Showing 10 fha loan specialists in Lexington, NC
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a FHA Loan Specialist in Lexington Cost?
Typical costs for an FHA loan specialist in North Carolina include an origination fee of 1 to 2 percent of the loan amount and an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount. Annual mortgage insurance premiums (MIP) range from 0.45 to 1.05 percent depending on loan term and down payment. Closing costs in Lexington usually total 3 to 5 percent of the purchase price. 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 do I need for an FHA loan in Lexington?
The minimum credit score for an FHA loan is typically 580 with a 3.5 percent down payment. Some lenders may accept scores as low as 500 with a 10 percent down payment. Requirements can vary by lender and property location in Davidson County.
Are there specific property requirements for FHA loans in North Carolina?
Yes FHA loans require an appraisal by an FHA approved appraiser. The property must meet minimum health and safety standards including structural integrity and functional systems. In North Carolina the property must also comply with state building codes.