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Compare fha loan specialists in Ferndale. Review contact information and insurance categorys before you decide.
3 agents listed
Updated May 2026
Ferndale, MI
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 Michigan before hiring.
Showing 3 fha loan specialists in Ferndale, 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.
David Wechsler @ The Mortgage Consultant
1603 E 9 Mile Rd, Ferndale, MI 48220
2485143489
Lamar Mortgage Group, LLC
23241 Woodward Ave, Ferndale, MI 48220
2487031238
Specialty Mortgage LLC
226 Withington St Unit 8, Ferndale, MI 48220
3136147248
FHA loan specialists in Ferndale Michigan help borrowers secure government-backed mortgages with lower down payments and flexible credit requirements. Michigan law requires FHA loans to meet specific property condition standards and occupancy rules. Working with a local specialist ensures you understand Ferndale market conditions and Michigan specific FHA guidelines.
What Does a FHA Loan Specialist in Ferndale Cost?
Typical costs for FHA loan specialist services in Michigan include an origination fee of 1 to 1.5 percent of the loan amount. Upfront mortgage insurance premium is 1.75 percent of the loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Closing costs in Ferndale usually total 3 to 5 percent of the purchase price. These costs vary by lender and loan size. 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 is an FHA loan specialist in Ferndale?
An FHA loan specialist is a licensed mortgage professional who helps borrowers apply for FHA insured loans. They guide you through Michigan specific requirements like property appraisal standards and minimum property condition rules.
What are FHA loan limits for Ferndale Michigan?
FHA loan limits for Ferndale Michigan are based on Oakland County limits. For 2024 the single family home limit is 498,257 dollars. Limits may change annually so check with a specialist for current figures.
Can I use an FHA loan for a condo in Ferndale?
Yes but the condo project must be on the FHA approved list. Michigan law requires that the project meet FHA eligibility standards including owner occupancy ratios and financial stability. Your specialist can verify project approval.
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BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Michigan.