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 Virginia before hiring.
Showing 4 fha loan specialists in Springfield, 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.
Metro Mortgage LLC
7830 Backlick Rd Suite # 100, Springfield, VA 22150
7033452330
Commonwealth Mortgage Inc.
6800 Backlick Rd #301, Springfield, VA 22150
5716200220
Scott Hardy | Scott Hardy Mortgage | American Security Mortgage Corp
8001 Braddock Rd #101, Springfield, VA 22151
7034258700
Rick Eul - Mortgage Loan Officer
8310 Old Keene Mill Rd, Springfield, VA 22152
7039678845
What Does a FHA Loan Specialist in Springfield Cost?
Typical costs for an FHA loan specialist in Virginia include an origination fee of 1 to 2 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent. Closing costs in Fairfax County often range from 3000 to 7000 dollars depending on the loan size and property. Costs vary by situation and lender. 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 is an FHA loan and why use a specialist in Springfield Virginia?
An FHA loan is a government backed mortgage insured by the Federal Housing Administration. A specialist in Springfield knows local Fairfax County limits and can guide you through Virginia specific requirements like the Virginia Housing Development Authority programs.
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. Some lenders may accept scores as low as 500 with a 10 percent down payment. Virginia lenders may have their own overlay requirements so check with a specialist.
Are there Virginia specific rules for FHA loan closing costs?
Virginia allows sellers to contribute up to 6 percent of the purchase price toward closing costs for FHA loans. The state also requires a property tax proration at closing. A Springfield specialist can explain all allowable fees and limits under Virginia law.