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 5 fha loan specialists in Powell, 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.
Envoy Mortgage - Powell, OH
178 W Olentangy St Suite 200, Powell, OH 43065
6143500952
Windmill Mortgage Services LLC
280 Ashmoore Dr, Powell, OH 43065
6143272213
BancOhio Mortgage
36 N Liberty St, Powell, OH 43065
6147817900
Barrett Mortgage Services, Inc.
74 E Olentangy St, Powell, OH 43065
6144575545
Fifth Third Mortgage - Joseph Szymanowski
3949 W Powell Rd, Powell, OH 43065
6144817343
What Does a FHA Loan Specialist in Powell Cost?
Typical costs for an FHA loan in Ohio include an upfront mortgage insurance premium (UFMIP) of 1.75 percent of the loan amount and an annual mortgage insurance premium (MIP) of 0.55 to 1.05 percent. Closing costs in Powell Ohio generally range from 2 to 5 percent of the purchase price. These costs vary based on loan size, credit score, and lender fees. 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 an FHA loan and how does it work in Powell Ohio?
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. In Powell Ohio, these loans require a minimum down payment of 3.5 percent and a credit score of at least 580. The loan must be for a primary residence and meet FHA property standards.
What are the property requirements for an FHA loan in Ohio?
The property must be appraised by an FHA-approved appraiser and meet minimum health and safety standards. Ohio law does not add extra requirements beyond federal FHA rules. The home must be your primary residence and cannot be an investment property.