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Showing 2 fha loan specialists in Bloomfield Township, MI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Brenda Brosnan at CrossCountry Mortgage
43252 Woodward Ave suite #202, Bloomfield Township, MI 48302
2487582503
Steve Stork at CrossCountry Mortgage, LLC
43252 Woodward Ave suite #202, Bloomfield Township, MI 48302
2487553701
What Does a FHA Loan Specialist in Bloomfield Township Cost?
Typical costs for FHA loan services in Michigan include an upfront mortgage insurance premium of 1.75 percent of the loan amount and annual mortgage insurance premiums of 0.55 to 0.85 percent. Closing costs in Bloomfield Township range from 3 to 5 percent of the purchase price. Additional fees may include appraisal costs around $500 to $700 and credit report fees of $30 to $50. 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 Bloomfield Township Michigan?
For 2024 FHA loan limits in Oakland County are $498,257 for a single-family home. This limit applies to Bloomfield Township and is set by the U.S. Department of Housing and Urban Development. Limits may change annually based on median home prices.
What credit score is needed for an FHA loan in Michigan?
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. Michigan lenders may have additional requirements beyond the FHA minimum.
How long does FHA loan processing take in Michigan?
FHA loan processing in Michigan usually takes 30 to 45 days from application to closing. This timeline includes appraisal underwriting and final approval. Delays can occur if additional documentation is needed for Michigan specific property conditions.