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 Florida before hiring.
Showing 6 fha loan specialists in Miami Beach, 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.
Ross Home Loans
100 Lincoln Rd # Cu7, Miami Beach, FL 33139
3057638023
RATERIGHT Team - Empowered by Nexa/Axen Mortgage
1504 Bay Rd Suite 1426, Miami Beach, FL 33139
3057034663
Expert Home Mortgage Inc.
429 Lenox Ave., Miami Beach, FL 33139
3059495626
Miami Beach Mortgage Lenders
7314 Collins Ave, Miami Beach, FL 33141
9542750498
Miami Beach Mortgage | Fidelity Home Group
1000 5th St #200, Miami Beach, FL 33139
3056001600
Foundation Mortgage Corporation
Michigan Ave #700d, Miami Beach, FL 33139
3055323995
What Does a FHA Loan Specialist in Miami Beach Cost?
Typical costs for an FHA loan specialist in Florida include an origination fee of 1% to 1.5% of the loan amount. Upfront mortgage insurance premium (UFMIP) is 1.75% of the loan, and annual mortgage insurance premiums range from 0.45% to 1.05% depending on loan terms. Appraisal fees in Miami Beach average $500 to $700, and title insurance costs about $1,000 to $1,500. These costs vary by lender and property. 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 limits for Miami Beach in 2024?
For 2024, the FHA loan limit for a single-family home in Miami-Dade County, including Miami Beach, is $498,257. This limit applies to most areas and is set by the U.S. Department of Housing and Urban Development.
Do I need flood insurance for an FHA loan in Miami Beach?
Yes, if the property is in a Special Flood Hazard Area as determined by FEMA maps. FHA loans require flood insurance for properties in designated flood zones. Miami Beach has many properties in such zones, so check the flood map before applying.
What is the minimum down payment for an FHA loan in Florida?
The minimum down payment for an FHA loan is 3.5% of the purchase price if your credit score is 580 or higher. For scores between 500 and 579, a 10% down payment is required. These rules apply nationwide, including Florida.