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 5 fha loan specialists in Marshall, 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.
Marshall Community Credit Union
839 W Green St, Marshall, MI 49068
2697819885
Treadstone Funding
223 W Mansion St, Marshall, MI 49068
2692180662
Berkshire Hathaway HomeServices Michigan Real Estate
105 W Michigan Ave, Marshall, MI 49068
2697890140
Miller Financial Services
1001 W Michigan Ave, Marshall, MI 49068
2697815129
Edward Jones - Financial Advisor: Abram J Soper, CFP®
207 W Michigan Ave, Marshall, MI 49068
2697815391
What Does a FHA Loan Specialist in Marshall Cost?
Typical costs for an FHA loan in Michigan include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual premium of 0.55 to 0.85 percent. Closing costs in Calhoun County range from 3 to 5 percent of the purchase price. Lender fees, appraisal fees, and title insurance add to the total. This is general information and does not constitute 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 credit score requirements for an FHA loan in Marshall Michigan?
Most lenders 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 sets its own underwriting standards.
Are there income limits for FHA loans in Marshall Michigan?
FHA loans do not have strict income limits, but borrowers must show stable employment and a debt-to-income ratio below 43 percent. Michigan lenders also follow FHA guidelines for verifying income from local sources like manufacturing or agriculture.
How long does the FHA loan process take in Marshall Michigan?
The typical FHA loan process takes 30 to 45 days from application to closing. Michigan title searches and property appraisals may add a few days. Delays can occur if the property needs repairs to meet FHA minimum property standards.