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 Michigan before hiring.
Showing 10 fha loan specialists in Detroit, 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.
Rocket Mortgage
1050 Woodward Ave, Detroit, MI 48226
8884528179
EG Home Loans
400 Renaissance Center Suite:2600, Detroit, MI 48243
3134593097
Home Advantage Lending
211 W Fort St Suite 1600, Detroit, MI 48226
8009393505
Demetris Holloway, Mortgage Loan Officer
7436 Woodward Ave #205, Detroit, MI 48202
2485210467
Mortgage Book
1001 Woodward Ave, Detroit, MI 48226
3137778817
Belong Lending
7436 Woodward Ave #205, Detroit, MI 48202
2483258554
Belong Lending l Jalen Scott l Mortgage Broker
7436- 7450 Woodward Ave Suite 205, Detroit, MI 48202
5172142952
Midtown Home Mortgage
1344 Bagley St, Detroit, MI 48226
5862422307
Antoinette Gassaway - Belong Lending
7436 Woodward Ave #205, Detroit, MI 48202
8104880315
My Mortgage Loan Brokers
2785 E Grand Blvd, Detroit, MI 48211
3137630160
What Does a FHA Loan Specialist in Detroit Cost?
Typical costs for an FHA loan specialist in Michigan include an upfront mortgage insurance premium of 1.75 percent of the loan amount and annual MIP of 0.55 percent. Closing costs generally range from 3,000 to 6,000 dollars but vary by lender and loan size. Some specialists charge a flat fee or a percentage of the loan. 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 does an FHA loan specialist do in Detroit?
An FHA loan specialist helps you apply for a Federal Housing Administration insured loan. They review your credit history, income, and property eligibility. They also ensure the loan meets FHA guidelines and Michigan lending laws.
What are the FHA loan limits for Detroit Michigan?
For 2024, the FHA loan limit for a single family home in Wayne County Michigan is 498,257 dollars. Limits vary by county and property size. A specialist can confirm the current limit for your specific situation.
How long does the FHA loan process take in Michigan?
The typical FHA loan process in Michigan takes 30 to 45 days from application to closing. Delays can occur if the property needs repairs to meet FHA minimum property standards. Michigan law requires a 3 day right of rescission for most purchase loans.