FHA Loan Specialists in Salem, VA — Compare & Find

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 Virginia before hiring.

Showing 4 fha loan specialists in Salem, VA Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.

Chris Diamond, NMLS#1634371 - Atlantic Bay Mortgage Group

1611 E Main St, Salem, VA 24153

(540) 204-6490 keystonefunding.com

Atlantic Bay Mortgage Group

1621 E Main St, Salem, VA 24153

(540) 986-0270 atlanticbay.com

Getra Hanes at Atlantic Bay Mortgage Group

1621 E Main St, Salem, VA 24153

(540) 353-1559

Mortgage Loans - Salem

3625 McDaniel Dr, Salem, VA 24153

(844) 384-1744

FHA loan specialists in Salem Virginia help homebuyers and homeowners navigate FHA-insured mortgages. These loans are popular for first-time buyers due to lower down payment requirements. 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 Salem Cost?

Typical costs for an FHA loan in Virginia include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 to 0.85 percent. Closing costs in Salem generally range from 2 to 5 percent of the purchase price. Lender fees and appraisal costs vary by case. 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 does an FHA loan specialist in Salem do?

An FHA loan specialist guides borrowers through the FHA loan process including pre-approval documentation and closing. They help determine eligibility for FHA programs like the 203(b) standard loan or the 203(k) rehabilitation loan.

What are the minimum credit score requirements for an FHA loan in Virginia?

FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Individual lenders in Salem may set higher credit score overlays.

FHA Loan Specialists in Other Virginia Cities

Alexandria · Annandale · Arlington · Ashburn · Blacksburg · Centreville · Chantilly · Charlottesville · Chesapeake · Chester · Christiansburg · Colonial Heights · Danville · Dumfries · Fairfax

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About Our Listings

Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the State Mortgage Licensing Authority of Virginia.

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