Find FHA Loan Specialists in North Miami Beach, FL
Compare fha loan specialists in North Miami Beach. Review contact information and insurance categorys before you decide.
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State Mortgage Licensing Authority of Florida before hiring.
Showing 5 fha loan specialists in North Miami Beach, FL
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What Does a FHA Loan Specialist in North Miami Beach Cost?
Typical costs for FHA loan specialist services in Florida include an origination fee of 1 percent of the loan amount, plus appraisal fees of $400 to $700. Closing costs average 3 to 5 percent of the purchase price. Florida also charges documentary stamp taxes of 0.35 cents per $100 of the mortgage amount. These costs vary by lender and loan size. 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 is an FHA loan specialist in North Miami Beach?
An FHA loan specialist is a licensed mortgage professional who guides borrowers through the FHA loan process. They help with credit requirements, down payment assistance, and property eligibility. In Florida, specialists must follow state licensing rules under Florida Statute 494.
What credit score is needed for an FHA loan in Florida?
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. Florida lenders may have their own overlays beyond FHA minimums.
Are there Florida specific FHA loan limits for North Miami Beach?
Yes, FHA loan limits vary by county. For Miami Dade County which includes North Miami Beach, the 2024 FHA loan limit for a single family home is $498,257. Higher limits apply for multi unit properties.