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 3 fha loan specialists in Waterford Township, 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.
Align Lending
2625 Pontiac Lake Rd, Waterford Township, MI 48328
2485065727
Lakefront Mortgage
1254 Meadowcrest Dr, Waterford Township, MI 48327
2487871681
Locked-IN Lending, LLC
670 Bow Ln, Waterford Township, MI 48328
2489172804
What Does a FHA Loan Specialist in Waterford Township 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 mortgage insurance premium of 0.55 percent to 0.85 percent. Closing costs generally range from 3000 to 6000 dollars but vary based on loan size lender fees and local taxes. 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 requirements in Waterford Township Michigan?
FHA loans require a minimum 3.5 percent down payment and a credit score of at least 580. The property must meet FHA appraisal standards and be your primary residence. Michigan borrowers also need to meet state-specific licensing requirements for their loan officer.
How do I find a licensed FHA loan specialist in Waterford Township?
You can search the Nationwide Mortgage Licensing System database to verify a loan officer license in Michigan. Local banks credit unions and mortgage brokers in Waterford Township often employ FHA-approved specialists. Ask for referrals from your real estate agent or local housing counselor.
What is the maximum FHA loan limit for Waterford Township Michigan?
For 2024 the FHA loan limit for Oakland County including Waterford Township is 498257 dollars for a single-family home. Higher limits apply for duplexes triplexes and four-unit properties. These limits are set annually by the Federal Housing Administration.