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Showing 11 fha loan specialists in Terrell, TX
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What Does a FHA Loan Specialist in Terrell Cost?
Typical costs for an FHA loan specialist in Texas include an origination fee of 0.5% to 1.0% of the loan amount. Appraisal fees range from $500 to $700. Closing costs in Terrell generally total 3% to 5% of the purchase price. These costs vary by lender and property. 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 is an FHA loan specialist in Terrell?
An FHA loan specialist is a mortgage professional who guides borrowers through the FHA loan process. They help with credit requirements, down payment assistance, and closing procedures specific to Texas properties.
What are the FHA loan limits for Terrell Texas?
For 2025, the FHA loan limit for a single-family home in Kaufman County is $498,257. This limit applies to most areas in the Dallas-Fort Worth region and is set by HUD each year.
Do FHA loans in Texas require mortgage insurance?
Yes, FHA loans require an upfront mortgage insurance premium of 1.75% of the loan amount. They also require an annual MIP of 0.55% to 0.85% depending on the loan term and down payment.