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Browse fha loan specialists serving Novi, Michigan. Contact information and addresses listed below.
9 agents listed
Updated May 2026
Novi, MI
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 9 fha loan specialists in Novi, 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.
New American Funding - Novi, MI
41050 W 11 Mile Rd, Novi, MI 48375
2482150319
Lincoln Capital Funding
Based In, Novi, MI 48377
8889742533
Limetree Lending of Michigan
39555 Orchard Hill Pl # 600, Novi, MI 48375
7348374033
Pathway Mortgage
39555 Orchard Hill Pl, Novi, MI 48375
2485877007
Insight Loans
27780 Novi Rd #210, Novi, MI 48377
8778505626
AFI Financial Inc - Michigan
42400 W 9 Mile Rd STE W5, Novi, MI 48375
8772340600
Valley Lending
24110 Meadowbrook Rd Suite 113, Novi, MI 48375
2483460468
New American Funding - James R. Tausche
41050 W 11 Mile Rd suite 100, Novi, MI 48375
3123399135
MortgageRight
42400 Grand River Ave # 111, Novi, MI 48375
7342599400
An FHA loan specialist in Novi, Michigan helps homebuyers navigate Federal Housing Administration loans, which are popular for first-time buyers and those with lower credit scores. Michigan law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS). Novi residents benefit from local specialists who understand Oakland County property values and Michigan-specific closing procedures.
What Does a FHA Loan Specialist in Novi Cost?
Typical costs for an FHA loan specialist in Michigan include an origination fee of 1 percent of the loan amount, plus an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the base loan amount. Annual mortgage insurance premiums (MIP) range from 0.45 to 1.05 percent depending on loan term and loan-to-value ratio. Closing costs in Novi generally range from 3 to 5 percent of the purchase price, including appraisal fees (around $500 to $700) and title insurance. 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 Novi, Michigan in 2025?
For 2025, the FHA loan limit for a single-family home in Oakland County, including Novi, is $524,225 for a standard loan. Higher limits apply for multi-unit properties. These limits are set annually by the Department of Housing and Urban Development.
What credit score is needed for an FHA loan in Michigan?
FHA loans typically 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. Michigan lenders may have their own overlays with stricter requirements.
Are there Michigan-specific requirements for FHA loans?
Michigan does not have state-specific FHA laws, but all FHA loans must comply with Michigan property transfer tax rules and recording fees. Additionally, Michigan requires a licensed home inspector for FHA-required property condition assessments. The FHA also mandates flood insurance for properties in designated flood zones, which include parts of Novi near the Walled Lake area.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Michigan.