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Showing 2 fha loan specialists in New Baltimore, 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.
Union Home Mortgage - Chesterfield
49940 Gratiot Ave b, New Baltimore, MI 48051
2484311726
Michigan Home Rewards
36622 Green St, New Baltimore, MI 48047
5862910920
What Does a FHA Loan Specialist in New Baltimore Cost?
Typical costs for FHA loan specialist services in Michigan include an origination fee of 1% of the loan amount and an upfront mortgage insurance premium of 1.75% of the base loan amount. Annual mortgage insurance premiums range from 0.45% to 1.05% of the loan balance. Appraisal fees in New Baltimore average $500 to $700. Credit report fees are about $30 to $50 per applicant. 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 in New Baltimore do?
An FHA loan specialist guides borrowers through the FHA loan process including pre approval application and closing. They help verify that the property meets FHA minimum property standards and that the borrower qualifies under FHA guidelines.
What are the FHA loan limits for New Baltimore Michigan?
For 2025 the FHA loan limit for a single family home in Macomb County including New Baltimore is $498,257. Higher limits apply for multi unit properties. These limits are set by the U.S. Department of Housing and Urban Development and may change annually.
Do I need a special license to be an FHA loan specialist in Michigan?
Yes. Michigan requires all mortgage loan originators including FHA specialists to hold a valid license through the NMLS. They must also complete continuing education courses each year and pass a criminal background check.