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Showing 2 fha loan specialists in Woodhaven, MI
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Mortgage 1, Downriver
21643 Allen Rd, Woodhaven, MI 48183
7343414322
Mortgage, Bank of America
16124 West Rd, Woodhaven, MI 48183
7344722382
What Does a FHA Loan Specialist in Woodhaven Cost?
Typical costs for FHA loan services 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. Lender origination fees range from 0.5 to 1.5 percent of the loan amount. Appraisal fees in Woodhaven are usually between $500 and $700. 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 does an FHA loan specialist in Woodhaven do?
An FHA loan specialist helps you prepare and submit your application for a Federal Housing Administration insured loan. They review your credit history, income documents, and property eligibility to ensure you meet FHA standards. They also explain Michigan specific requirements such as property condition standards.
What are the FHA loan limits for Woodhaven Michigan?
For 2025, the FHA loan limit for a single family home in Wayne County including Woodhaven is $498,257. This limit is set by HUD and applies to most areas in Southeast Michigan. Higher limits may apply for multi unit properties.
How do I choose an FHA loan specialist in Woodhaven?
Look for a licensed mortgage loan originator registered with the NMLS. Check their experience with FHA loans and ask about their knowledge of Michigan specific programs like MSHDA down payment assistance. You can verify a license through the NMLS Consumer Access website.