FHA Loan Specialists in El Paso, TX
Directory of fha loan specialists in El Paso, Texas. Verify credentials with the state state mortgage licensing authority before hiring.
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 Texas before hiring.
Showing 20 fha loan specialists in El Paso, TX
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 El Paso Texas helps homebuyers navigate government-backed mortgages insured by the Federal Housing Administration. These loans are popular in the border region due to lower down payment requirements and flexible credit guidelines. Texas law requires all mortgage loan originators to be licensed through the Texas Department of Savings and Mortgage Lending.
What Does a FHA Loan Specialist in El Paso Cost?
Typical costs for an FHA loan specialist in El Paso include an origination fee of 1 to 1.75 percent of the loan amount plus 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. Third-party costs like appraisal and title fees add 500 to 1500 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 are the basic FHA loan requirements in El Paso Texas?
Borrowers need a minimum 3.5 percent down payment and a credit score of at least 580. The property must be your primary residence and meet FHA appraisal standards. Texas law also requires a valid government-issued ID and proof of lawful residency.
How do I find a licensed FHA loan specialist in El Paso?
You can search the Nationwide Multistate Licensing System database for loan originators licensed in Texas. Look for specialists who have completed FHA-specific training and have experience with El Paso market conditions. Always verify their license status with the Texas Department of Savings and Mortgage Lending.
Are there any Texas-specific rules for FHA loans in El Paso?
Yes Texas has unique homestead laws that protect primary residences from most creditors. Additionally Texas property taxes are high so your FHA loan specialist will include estimated taxes in your debt-to-income ratio calculation. The state also requires a specific Texas Home Equity Disclosure if you refinance.