FHA Loan Specialists in Mission, TX
Directory of fha loan specialists in Mission, 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 6 fha loan specialists in Mission, 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 Mission, Texas can help you navigate the process of obtaining a mortgage insured by the Federal Housing Administration. These loans are popular in the Rio Grande Valley due to lower down payment requirements and flexible credit guidelines. Texas law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS).
What Does a FHA Loan Specialist in Mission Cost?
Typical costs for an FHA loan specialist in Texas include an origination fee of up to 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. Third-party costs such as appraisal and title fees vary by lender and property. 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 credit score is needed for an FHA loan in Mission Texas?
The minimum credit score for an FHA loan is typically 580 with a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Each lender may set its own requirements above the FHA minimum.
How do I find a licensed FHA loan specialist in Mission?
You can verify a loan specialist license through the NMLS Consumer Access website. Look for professionals who are registered in Texas and have experience with FHA loans. Ask about their knowledge of local property values in Hidalgo County.
What are the FHA loan limits for Mission Texas in 2025?
For 2025, the FHA loan limit for a single-family home in Hidalgo County is $498,257. Higher limits apply for duplexes, triplexes, and fourplex properties. These limits are set annually by the Department of Housing and Urban Development.