FHA Loan Specialists in Cleburne, TX
Compare fha loan specialists in Cleburne. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of Texas before hiring.
Showing 10 fha loan specialists in Cleburne, TX
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An FHA loan specialist in Cleburne, Texas helps buyers navigate FHA-insured mortgages, which are popular for first-time homebuyers and those with lower credit scores. Texas has specific property tax and insurance rules that affect FHA loan calculations. A local specialist understands Johnson County appraisal districts and can guide you through the Texas Department of Savings and Mortgage Lending regulations.
What Does a FHA Loan Specialist in Cleburne Cost?
Typical costs for an FHA loan specialist in Texas include an upfront mortgage insurance premium of 1.75% of the loan amount and an annual MIP of 0.55% to 1.05%. Closing costs in Cleburne range from 2% to 5% of the purchase price, including lender fees, title insurance, and appraisal fees. Costs vary by loan size, credit profile, and property condition. This information is general and does not constitute 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 Cleburne?
FHA loans typically require a minimum credit score of 580 for a 3.5% down payment. Scores between 500 and 579 may qualify with a 10% down payment. Texas lenders may have slightly higher overlay requirements, so check with a local specialist.
Are there Texas-specific rules for FHA loan inspections?
Yes. Texas requires a termite inspection for all FHA loans, and the property must meet HUD minimum property standards. In Cleburne, specialists often coordinate with local inspectors familiar with older homes common in Johnson County.