Find FHA Loan Specialists in Seven Hills, OH
Browse fha loan specialists serving Seven Hills, Ohio. Contact information and addresses listed below.
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 4 fha loan specialists in Seven Hills, OH
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What Does a FHA Loan Specialist in Seven Hills Cost?
Typical costs for an FHA loan specialist in Ohio include an upfront mortgage insurance premium (MIP) of 1.75 percent of the loan amount, plus an annual MIP 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 Seven Hills are usually $400 to $700. Closing costs generally total 3 to 5 percent of the home purchase price. 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 credit score is needed for an FHA loan in Seven Hills Ohio?
The standard FHA loan minimum credit score is 580 for a 3.5 percent down payment. Some lenders may accept scores as low as 500 with a 10 percent down payment. Ohio does not have additional state credit score requirements beyond federal FHA guidelines.
Are there Ohio specific down payment assistance programs for FHA loans?
Yes, Ohio offers the Ohio Housing Finance Agency (OHFA) down payment assistance program. This program can provide up to 5 percent of the loan amount for eligible buyers in Seven Hills. The assistance is a forgivable loan that does not need to be repaid if you live in the home for a set period.
How long does an FHA loan closing take in Seven Hills Ohio?
A typical FHA loan closing in Ohio takes 30 to 45 days from application to closing. Ohio law requires a 3 day right of rescission period after signing loan documents. Delays can occur if the property needs repairs required by an FHA appraisal.