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 6 fha loan specialists in Grosse Pointe Farms, 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.
Hill Mortgage
81 Kercheval Ave Suite 300, Grosse Pointe Farms, MI 48236
3136363700
Nathan Steiner at Rate (NMLS #771054)
86 Kercheval Ave, Grosse Pointe Farms, MI 48236
3135703121
Pointes Home Lending LLC
18640 Mack Ave #36225, Grosse Pointe Farms, MI 48236
5865574138
Rate
86 Kercheval Ave, Grosse Pointe Farms, MI 48236
3132796886
Fifth Third Mortgage - Brian Rumohr
66 Kercheval Ave, Grosse Pointe Farms, MI 48236
5864057907
LPF Mortgage
18230 Mack Ave, Grosse Pointe Farms, MI 48236
3132844900
What Does a FHA Loan Specialist in Grosse Pointe Farms Cost?
Typical costs for an FHA loan specialist in Michigan include an upfront mortgage insurance premium of 1.75 percent of the base loan amount and an annual mortgage insurance premium of 0.55 percent to 0.85 percent. Lender origination fees range from 0.5 percent to 1.5 percent of the loan amount. Appraisal fees in Wayne County average $500 to $700. 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 Grosse Pointe Farms Michigan?
For 2024 the FHA loan limit for a single family home in Wayne County Michigan is $498,257. This limit applies to Grosse Pointe Farms and adjusts annually based on local median home prices.
Do I need a special license to be an FHA loan specialist in Michigan?
Yes all mortgage loan originators in Michigan must hold a valid license through the Nationwide Multistate Licensing System. The Michigan Department of Insurance and Financial Services oversees this licensing process.
Can I use an FHA loan for a condo in Grosse Pointe Farms?
Yes but the condo complex must be on the FHA approved condominium list. Buyers should verify the complex is approved before applying for the loan as this can delay the process.