FHA loan specialists in Centreville, Virginia help homebuyers secure Federal Housing Administration insured mortgages. These loans are popular in Northern Virginia due to lower down payment requirements and flexible credit guidelines. Virginia law requires all mortgage loan originators to be licensed through the Virginia State Corporation Commission Bureau of Financial Institutions.
What Does a FHA Loan Specialist in Centreville Cost?
Typical costs for an FHA loan in Virginia include an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount and an annual MIP of 0.55% to 0.85% depending on loan term and loan-to-value ratio. Closing costs in Northern Virginia generally range from 2% to 5% of the purchase price. Lender origination fees, appraisal fees around $500 to $700, and title insurance costs also apply. 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
FHA Loan Specialists in Other Virginia Cities
Alexandria · Annandale · Arlington · Ashburn · Blacksburg · Chantilly · Charlottesville · Chesapeake · Chester · Christiansburg · Colonial Heights · Danville · Dumfries · Fairfax · Falls Church