Compare FHA Loan Specialists in Sherman, TX
Browse fha loan specialists serving Sherman, 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 18 fha loan specialists in Sherman, 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 Sherman Texas helps homebuyers navigate FHA insured loans which are popular for their low down payment options. Texas law requires all mortgage loan originators to be licensed through the Texas Department of Savings and Mortgage Lending. Sherman residents often use FHA loans for first time home purchases or to buy homes in need of minor repairs.
What Does a FHA Loan Specialist in Sherman Cost?
Typical costs for an FHA loan specialist in Texas include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 percent to 0.85 percent. Closing costs in Sherman usually range from 2 to 5 percent of the purchase price. Lender fees and appraisal costs vary by provider. 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 FHA loan limits for Sherman Texas?
FHA loan limits for Sherman Texas are based on Grayson County limits. For 2024 the single family home limit is $498,257. These limits change yearly and are set by the Federal Housing Administration.
Do I need a specific credit score for an FHA loan in Texas?
FHA loans generally require a minimum credit score of 580 for a 3.5 percent down payment. If your score is between 500 and 579 you may still qualify with a 10 percent down payment. Texas lenders may have additional requirements.
What is the Texas statute of limitations for FHA loan disputes?
Texas has a four year statute of limitations for breach of contract claims related to mortgage loans. This time limit applies to FHA loans and starts from the date the breach occurred. Always consult a legal professional for specific cases.