An FHA loan specialist in Canton, Ohio can help you navigate the Federal Housing Administration loan process. These loans are popular for first-time homebuyers and those with lower credit scores. Ohio law requires all mortgage loan originators to be licensed through the Ohio Division of Financial Institutions.
What Does a FHA Loan Specialist in Canton Cost?
Typical costs for an FHA loan in Canton, Ohio include an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount, and annual mortgage insurance premiums (MIP) ranging from 0.45 to 1.05 percent. Closing costs generally range from 2 to 5 percent of the purchase price, including appraisal fees around $500 to $700 and title insurance. Ohio also charges a mortgage tax of $0.50 per $100 of the loan amount. 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
FHA Loan Specialists in Other Ohio Cities
Akron · Alliance · Amherst · Aurora · Avon · Batavia · Beachwood · Beavercreek · Bellbrook · Blacklick · Blue Ash · Boardman · Bowling Green · Broadview Heights · Brunswick