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Showing 2 fha loan specialists in Clio, 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.
PNC Mortgage
107 E Vienna St, Clio, MI 48420
8106861300
Chase Mortgage
4130 W Vienna Rd, Clio, MI 48420
8106871550
What Does a FHA Loan Specialist in Clio Cost?
Typical costs for FHA loan services in Michigan include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus an annual mortgage insurance premium of 0.55 to 0.85 percent. Closing costs usually range from 2 to 5 percent of the purchase price. Lender fees and third-party charges vary by provider. 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 credit score is needed for an FHA loan in Clio Michigan?
Most FHA loans 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. Each lender may have additional requirements.
Are there income limits for FHA loans in Michigan?
Yes, FHA loans have income limits that vary by county. For Genesee County in 2024, the limit for a one-unit property is approximately $498,000 for a high-cost area. These limits are set by the U.S. Department of Housing and Urban Development.