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Browse fha loan specialists serving South Lyon, Michigan. Contact information and addresses listed below.
2 agents listed
Updated May 2026
South Lyon, 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 2 fha loan specialists in South Lyon, 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.
Mortgage 1 South Lyon
415 S Lafayette St, South Lyon, MI 48178
2484861117
MORTGAGE 360, INC
1159 Colt Ln, South Lyon, MI 48178
2484379096
FHA loan specialists in South Lyon, Michigan help homebuyers secure government-backed loans with lower down payments. Michigan law requires all mortgage loan originators to be licensed through the Nationwide Multistate Licensing System (NMLS). Working with a local specialist can simplify the process for first-time buyers and those with less-than-perfect credit.
What Does a FHA Loan Specialist in South Lyon 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 South Lyon usually range from 3 to 6 percent of the home price, including appraisal fees around $500 to $700. Lender fees vary by company. 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 credit score is needed for an FHA loan in South Lyon?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Scores between 500 and 579 may qualify with a 10 percent down payment. Each lender in Michigan may set its own requirements above the FHA minimum.
Are FHA loans available for condos in South Lyon?
Yes, but the condo complex must be on the FHA-approved list. Michigan has many approved condo projects, and your specialist can check the HUD database. If the complex is not approved, you may need to wait for approval or consider a different property.
What are the debt-to-income limits for FHA loans in Michigan?
The standard FHA debt-to-income ratio is 43 percent, though some lenders allow up to 50 percent with strong compensating factors. Michigan law does not change this federal requirement. Your specialist can review your income and debts to see if you qualify.
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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.