An FHA loan specialist in Danville, Virginia can guide you through the process of obtaining a government-backed mortgage. These loans are popular in the Danville area due to flexible credit score requirements and lower down payments. 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 Danville Cost?
Typical costs for an FHA loan in Danville include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 to 0.85 percent. Closing costs usually range from 3 to 5 percent of the purchase price, including appraisal fees of $400 to $700 and title insurance. These costs 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.
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FHA Loan Specialists in Other Virginia Cities
Alexandria · Annandale · Arlington · Ashburn · Blacksburg · Centreville · Chantilly · Charlottesville · Chesapeake · Chester · Christiansburg · Colonial Heights · Dumfries · Fairfax · Falls Church