Find FHA Loan Specialists Near You in Grand Forks, ND
Browse fha loan specialists serving Grand Forks, North Dakota. 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 Dakota before hiring.
Showing 18 fha loan specialists in Grand Forks, ND
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
An FHA loan specialist in Grand Forks, North Dakota helps borrowers secure loans insured by the Federal Housing Administration. These loans are popular for first-time homebuyers and those with lower credit scores. In North Dakota, FHA loans follow federal guidelines but local specialists understand regional property values and lender requirements in Grand Forks.
What Does a FHA Loan Specialist in Grand Forks Cost?
Typical costs for an FHA loan specialist in North Dakota include an upfront mortgage insurance premium of 1.75 percent of the loan amount and annual mortgage insurance premiums between 0.45 and 1.05 percent. Closing costs in Grand Forks range from 2 to 5 percent of the loan value. These costs vary by lender and borrower profile. 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 is an FHA loan specialist in Grand Forks?
An FHA loan specialist is a mortgage professional who guides borrowers through the FHA loan process. They help with credit requirements, down payment assistance, and property eligibility in Grand Forks.
What are the credit score requirements for an FHA loan in North Dakota?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. North Dakota lenders may have additional requirements.
Are there North Dakota specific rules for FHA loans?
North Dakota follows standard FHA guidelines but local property tax laws and insurance costs can affect loan amounts. Specialists in Grand Forks can explain how state homestead exemptions and local market conditions impact your loan.
FHA Loan Specialists in Other North Dakota Cities
Bismarck · Fargo · Minot · West Fargo · Williston