Find FHA Loan Specialists in East Lansing, MI
Compare fha loan specialists in East Lansing. Review contact information and insurance categorys before you decide.
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 12 fha loan specialists in East Lansing, MI
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What Does a FHA Loan Specialist in East Lansing Cost?
Typical costs for an FHA loan specialist in Michigan include an origination fee of 1 to 2 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent of the loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Other costs may include appraisal fees of $500 to $700 and credit report fees of $30 to $50. 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 limits for East Lansing Michigan?
For 2024 the FHA loan limit for a single family home in Ingham County including East Lansing is $498,257. This limit applies to most standard FHA loans and may be higher for duplexes or larger properties.
What credit score is needed for an FHA loan in Michigan?
Most FHA loan programs 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.
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. This timeline can vary based on appraisal scheduling and under review of your financial documents.