FHA Loan Specialists in Duncan, OK
Looking for a fha loan specialist in Duncan? 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 Oklahoma before hiring.
Showing 16 fha loan specialists in Duncan, OK
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
FHA loan specialists in Duncan Oklahoma help homebuyers secure government backed mortgages with lower down payments and flexible credit requirements. Oklahoma law requires all FHA loan originators to be licensed through the Nationwide Multistate Licensing System. Local specialists understand the Duncan housing market and can guide you through FHA appraisal requirements specific to the region.
What Does a FHA Loan Specialist in Duncan Cost?
FHA loan costs in Oklahoma include an upfront mortgage insurance premium of 1.75 percent of the loan amount and annual mortgage insurance premiums ranging from 0.45 to 1.05 percent. Closing costs in Duncan typically range from 3000 to 6000 dollars but vary by lender and loan amount. Appraisal fees in the area are usually 400 to 600 dollars. 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 is needed for an FHA loan in Duncan Oklahoma?
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. Each lender in Oklahoma may have their own overlay requirements beyond FHA minimums.
Are there Oklahoma specific FHA loan limits for Duncan?
Yes FHA loan limits vary by county in Oklahoma. For Stephens County where Duncan is located the 2024 single family home loan limit is set by HUD based on median home prices. You should verify current limits with a local specialist as they can change annually.
How long does an FHA loan approval take in Oklahoma?
FHA loan approval in Oklahoma typically takes 30 to 45 days from application to closing. The timeline depends on appraisal scheduling and underwriting review. Oklahoma law requires a three day right of rescission period after signing loan documents.