Find FHA Loan Specialists Near You in Midlothian, TX
Browse fha loan specialists serving Midlothian, Texas. Contact information and addresses listed below.
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 5 fha loan specialists in Midlothian, TX
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FHA loan specialists in Midlothian Texas help borrowers secure government-backed mortgages with lower down payments. These loans are popular for first-time homebuyers and those with less than perfect credit. 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 Midlothian Cost?
Typical costs for an FHA loan specialist in Texas 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. Closing costs in Midlothian usually fall between 2 and 5 percent of the purchase price. 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 does an FHA loan specialist in Midlothian do?
An FHA loan specialist guides you through the FHA loan application process. They help you determine eligibility and gather required documents. They also explain Texas-specific rules such as property tax and insurance requirements.
What are the credit score requirements for an FHA loan in Texas?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Texas lenders may have their own overlays beyond FHA minimums.
Are there Texas-specific rules for FHA loans?
Yes Texas has unique laws regarding homestead exemptions and property taxes. FHA loans in Texas also require a valid appraisal from a FHA-approved appraiser. The state does not impose a mortgage tax but closing costs can vary by county.