Find FHA Loan Specialists in Bloomfield Hills, MI
Directory of fha loan specialists in Bloomfield Hills, Michigan. Verify credentials with the state state mortgage licensing authority before hiring.
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 Michigan before hiring.
Showing 9 fha loan specialists in Bloomfield Hills, MI
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 Bloomfield Hills Michigan can help you navigate the Federal Housing Administration loan process. Michigan law requires all mortgage loan originators to be licensed through the Michigan Department of Insurance and Financial Services. Local specialists understand Bloomfield Hills home values and can guide you through FHA appraisal requirements specific to Oakland County.
What Does a FHA Loan Specialist in Bloomfield Hills Cost?
Typical costs for an FHA loan specialist in Michigan include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Closing costs in Bloomfield Hills generally range from 3 to 5 percent of the purchase price. 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 are the FHA loan requirements for Bloomfield Hills Michigan?
FHA loans require a minimum 3.5 percent down payment and a credit score of at least 580. The property must meet FHA appraisal standards and be your primary residence. Michigan law also requires a home inspection for certain properties.
How do I find a licensed FHA loan specialist in Bloomfield Hills?
You can search the Nationwide Mortgage Licensing System database to verify a specialist license. The Michigan Department of Insurance and Financial Services also provides a licensee lookup tool. Always confirm the specialist is authorized to originate FHA loans in Michigan.
What is the FHA loan limit for Bloomfield Hills Michigan in 2025?
For 2025 the FHA loan limit for Oakland County including Bloomfield Hills is $498,257 for a single family home. Higher limits apply for duplexes triplexes and four unit properties. These limits are set by the Department of Housing and Urban Development and may change annually.