Find FHA Loan Specialists in Pontiac, MI
Browse fha loan specialists serving Pontiac, Michigan. Contact information and addresses listed below.
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 2 fha loan specialists in Pontiac, MI
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What Does a FHA Loan Specialist in Pontiac Cost?
Typical costs for an FHA loan in Michigan include an upfront mortgage insurance premium of 1.75 percent of the loan amount and annual mortgage insurance premiums ranging from 0.15 to 0.75 percent. Closing costs in Pontiac generally range from 2 to 5 percent of the purchase price including appraisal fees title insurance and lender origination fees. Actual costs vary by lender loan amount and borrower qualifications. This is general information 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 Pontiac Michigan in 2025?
For 2025 the FHA loan limit for a single-family home in Oakland County including Pontiac is $498,257. This limit applies to standard FHA loans and can be higher for duplexes triplexes and four-unit properties.
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 still qualify with a 10 percent down payment. Each lender may set its own overlays above these minimums.
Do FHA loans require mortgage insurance in Michigan?
Yes all FHA loans require an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount plus an annual mortgage insurance premium (MIP) that varies by loan term and loan-to-value ratio. The annual MIP typically ranges from 0.15 percent to 0.75 percent of the loan balance.