An FHA loan specialist in Wixom Michigan can help you navigate the Federal Housing Administration loan process. Michigan law requires all mortgage loan originators to be licensed through the state Department of Insurance and Financial Services. These specialists assist with low down payment options and flexible credit requirements for home buyers in Oakland County.
What Does a FHA Loan Specialist in Wixom Cost?
Typical costs for FHA loan specialist services in Michigan include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent of the loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance depending on the loan term and down payment. Additional costs may include appraisal fees around $500 to $700 and credit report fees of $30 to $50. 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
FHA Loan Specialists in Other Michigan Cities
Ada · Adrian · Allen Park · Ann Arbor · Auburn Hills · Battle Creek · Bay City · Berkley · Bingham Farms · Birmingham · Bloomfield Hills · Bloomfield Township · Brighton · Brownstown Township · Byron Center