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Showing 3 fha loan specialists in Alcoa, TN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
The Loren Riddick Team
219 Gill St, Alcoa, TN 37701
8652334871
Peoples Home Equity
219 Gill St, Alcoa, TN 37701
8652334871
Tennessee Home Mortgage
445 Marilyn Ln, Alcoa, TN 37701
8659845350
What Does a FHA Loan Specialist in Alcoa Cost?
Typical costs for an FHA loan specialist in Tennessee include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Appraisal fees in Alcoa usually cost between $500 and $700. These 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 are the FHA loan limits for Alcoa Tennessee?
For 2025 the FHA loan limit for a single-family home in Blount County is $498,257. This limit applies to most areas in Tennessee and adjusts annually based on median home prices.
What credit score is needed for an FHA loan in Tennessee?
You generally need a credit score of at least 580 for a 3.5 percent down payment. With a score between 500 and 579 you may qualify with a 10 percent down payment. Each lender may have additional requirements.
Are FHA loans assumable in Tennessee?
Yes FHA loans are assumable by qualified buyers in Tennessee. This means a new buyer can take over your existing FHA loan terms which can be beneficial if interest rates rise. The assumption must be approved by the lender.