Find FHA Loan Specialists in Shelby, OH
Compare fha loan specialists in Shelby. 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 3 fha loan specialists in Shelby, OH
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What Does a FHA Loan Specialist in Shelby Cost?
FHA loan specialist fees in Ohio typically range from 1 to 2 percent of the loan amount. This includes origination fees and processing costs. The upfront mortgage insurance premium is 1.75 percent of the loan amount. Annual mortgage insurance premiums vary from 0.45 to 1.05 percent depending on loan term and loan-to-value ratio. 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 are the FHA loan limits for Shelby Ohio?
FHA loan limits for Shelby Ohio are based on Richland County limits. For 2025 the single-family home limit is $524,225. These limits are set by HUD and may change annually.
Do I need a special license to be an FHA loan specialist in Ohio?
Yes all mortgage loan originators in Ohio must hold a valid license through the Nationwide Multistate Licensing System. Ohio Revised Code Section 1322 requires this license for anyone who takes a residential mortgage loan application.
What credit score is needed for an FHA loan in Shelby Ohio?
The minimum FHA credit score is typically 580 for a 3.5 percent down payment. With a score between 500 and 579 you may qualify with a 10 percent down payment. Individual lenders may set higher requirements.