Find FHA Loan Specialists in Los Fresnos, TX
Directory of fha loan specialists in Los Fresnos, 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 3 fha loan specialists in Los Fresnos, TX
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FHA loan specialists in Los Fresnos, Texas help homebuyers secure government-backed mortgages with lower down payments. These loans are popular in the Rio Grande Valley due to flexible credit requirements. Texas law requires all FHA loan originators to hold a valid license from the Texas Department of Savings and Mortgage Lending.
What Does a FHA Loan Specialist in Los Fresnos Cost?
Typical costs for an FHA loan in Texas include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 to 0.85 percent. Closing costs usually range from 2 to 5 percent of the purchase price. Lender fees may vary. 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 credit score is needed for an FHA loan in Los Fresnos?
Most FHA loans require a minimum credit score of 580 for a 3.5 percent down payment. Scores between 500 and 579 may qualify with a 10 percent down payment. Each lender may set higher minimums.
Are FHA loans only for first time home buyers?
No, FHA loans are available to any qualified buyer who will live in the home as a primary residence. Repeat buyers can also use FHA financing in Los Fresnos.
What is the FHA loan limit for Los Fresnos Texas?
For 2024 the FHA loan limit for a single family home in Cameron County is 498,257 dollars. Limits adjust annually based on local median home prices.