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 Ohio before hiring.
Showing 6 fha loan specialists in North Royalton, 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.
Bill Farley
12777 Abbey Rd A, North Royalton, OH 44133
2196773027
Johnny Gremm - Preferred Rate
12940 State Rd Office #3, North Royalton, OH 44133
4404651599
Movement Mortgage
12777 Abbey Rd, North Royalton, OH 44133
8773141499
Bank of England Mortgage
6017 Royalton Rd, North Royalton, OH 44133
4404577733
Curt W. Korte - Preferred Rate
12940 State Rd Office #3, North Royalton, OH 44133
6143094756
Preferred Rate - North Royalton
12940 State Rd Office #3, North Royalton, OH 44133
4404651599
What Does a FHA Loan Specialist in North Royalton Cost?
Typical costs for an FHA loan specialist in Ohio include an upfront mortgage insurance premium of 1.75 percent of the loan amount and an annual mortgage insurance premium of 0.55 percent. Lender fees range from $1,000 to $3,000, and appraisal fees average $500 to $700. Closing costs in Cuyahoga County are usually 2 to 5 percent of the purchase price. 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
What are the FHA loan limits for North Royalton, Ohio?
For 2024, the FHA loan limit for a single-family home in Cuyahoga County is $498,257. This limit applies to North Royalton and is set by the U.S. Department of Housing and Urban Development. Limits may change annually based on local median home prices.
What credit score is needed for an FHA loan in Ohio?
FHA loans typically require a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may qualify with a 10 percent down payment. Ohio lenders may have their own overlays beyond FHA minimums.
Are there Ohio-specific requirements for FHA loans?
Ohio law requires FHA loan specialists to be licensed and complete continuing education. The state also has specific foreclosure mediation programs that may affect loan terms. All FHA loans in Ohio must comply with federal HUD guidelines and state consumer protection laws.