Compare FHA Loan Specialists in Homestead, FL
Compare fha loan specialists in Homestead. Review contact information and insurance categorys before you decide.
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 Florida before hiring.
Showing 7 fha loan specialists in Homestead, FL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
An FHA loan specialist in Homestead, Florida can help homebuyers navigate FHA-insured mortgages, which are popular in the area due to lower down payment requirements. Florida law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS). Homestead residents often use FHA loans for single-family homes and condos in Miami-Dade County.
What Does a FHA Loan Specialist in Homestead Cost?
Typical costs for an FHA loan specialist in Florida include an origination fee of up to 1 percent of the loan amount, plus an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the base loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent depending on loan term and down payment. Appraisal fees in Homestead generally cost $400 to $700. Closing costs vary by lender and property value. 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 are the FHA loan requirements in Homestead Florida?
FHA loans in Homestead require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers must also have a debt-to-income ratio below 43 percent and the property must meet FHA appraisal standards. Florida specific rules include compliance with local flood zone requirements.
How do I choose an FHA loan specialist in Homestead?
Look for a specialist who is licensed as a mortgage loan originator with the NMLS and has experience with FHA loans in Florida. You can verify their license through the Florida Office of Financial Regulation website. Ask about their familiarity with Homestead specific property types and local housing market conditions.
Are there FHA loan limits for Homestead Florida?
Yes, FHA loan limits for Homestead are based on Miami-Dade County limits. For 2024, the floor limit is $498,257 for a single-family home, with higher limits for multi-unit properties. These limits are set by the Federal Housing Administration and may change annually.