FHA Loan Specialists in Mayfield Heights, OH
Compare fha loan specialists in Mayfield Heights. Review contact information and insurance categorys before you decide.
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
State Mortgage Licensing Authority of Ohio before hiring.
Showing 7 fha loan specialists in Mayfield Heights, OH
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
FHA loan specialists in Mayfield Heights Ohio help homebuyers secure loans insured by the Federal Housing Administration. These loans are popular for first time buyers 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 Mayfield Heights Cost?
Typical costs for FHA loan services in Ohio include an origination fee of 1 to 2 percent of the loan amount. Appraisal fees range from 400 to 700 dollars. Credit report fees are about 30 to 50 dollars. Closing costs generally total 3 to 5 percent of the loan principal. These costs vary by lender and borrower situation. 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 is the minimum credit score for an FHA loan in Mayfield Heights?
The standard minimum credit score for an FHA loan is 580 with a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Lenders in Ohio may have their own overlays requiring higher scores.
Are there Ohio specific limits for FHA loan amounts in Mayfield Heights?
Yes FHA loan limits vary by county. In Cuyahoga County which includes Mayfield Heights the 2025 FHA loan limit for a single family home is 498,257 dollars. These limits are set by the U.S. Department of Housing and Urban Development.
Do FHA loans require mortgage insurance in Ohio?
Yes all FHA loans require both an upfront mortgage insurance premium and an annual mortgage insurance premium. The upfront premium is 1.75 percent of the loan amount. The annual premium varies based on loan term and down payment but typically ranges from 0.55 to 0.85 percent.