Find FHA Loan Specialists in Grand Rapids, MI
Compare fha loan specialists in Grand Rapids. 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 20 fha loan specialists in Grand Rapids, MI
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What Does a FHA Loan Specialist in Grand Rapids Cost?
Typical costs for FHA loan specialist services in Michigan include an origination fee of 1 percent of the loan amount and a 1.75 percent upfront mortgage insurance premium. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Appraisal fees in Grand Rapids usually cost between $500 and $700. Closing costs can total 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 does an FHA loan specialist do in Grand Rapids Michigan?
An FHA loan specialist reviews your financial profile explains FHA loan guidelines and helps you complete the application process. They ensure the property meets FHA minimum property standards required in Michigan.
What are the FHA loan limits for Grand Rapids Michigan in 2025?
For 2025 the FHA loan limit for a single family home in Kent County Michigan is $498,257. This limit applies to most areas in Grand Rapids and may be higher for multi unit properties.
Do I need a specific license to be an FHA loan specialist in Michigan?
Yes FHA loan specialists must be licensed mortgage loan originators under Michigan law. They must also register with the Nationwide Multistate Licensing System and complete annual continuing education.