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Directory of fha loan specialists in Elyria, Ohio. Verify credentials with the state mortgage licensing authority before hiring.
9 agents listed
Updated May 2026
Elyria, OH
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 9 fha loan specialists in Elyria, 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.
Mariner Finance
5212 Detroit Rd, Elyria, OH 44035
4407233059
Union Home Mortgage
5061 Abbe Rd N, Elyria, OH 44035
4409337001
Lendmark Financial Services LLC
5222 Detroit Rd, Elyria, OH 44035
4409342302
Mike LaManna at Citywide (NMLS #1626813)
347 Midway Blvd SUITE #200, Elyria, OH 44035
4402664361
Union Home Mortgage - Bill DiCapua
5061 Abbe Rd N STE 4, Elyria, OH 44035
4403288433
American Midwest Mortgage Corporation
10247 Dewhurst Rd, Elyria, OH 44035
4406660600
Heather Jensen at Citywide (NMLS #2704754)
347 Midway Blvd SUITE #200, Elyria, OH 44035
4402664352
US Bank Mortgage
455 Midway Blvd, Elyria, OH 44035
8008722657
Kyle Shepler at Citywide (NMLS #1566416)
347 Midway Blvd SUITE #200, Elyria, OH 44035
4402664362
An FHA loan specialist in Elyria, Ohio helps homebuyers navigate Federal Housing Administration loans, which offer lower down payments and flexible credit requirements. Ohio law requires all mortgage loan originators to be licensed through the Ohio Division of Financial Institutions. Local specialists understand Elyria housing market trends and can guide you through FHA appraisal rules specific to Lorain County.
What Does a FHA Loan Specialist in Elyria Cost?
Typical costs for an FHA loan specialist in Ohio include an origination fee of 1% to 1.5% of the loan amount, plus an upfront mortgage insurance premium of 1.75% of the base loan amount. Annual mortgage insurance premiums range from 0.55% to 0.85% of the loan balance. Appraisal fees in Elyria average $500 to $700. Credit report fees are about $30 to $50. 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 does an FHA loan specialist in Elyria do?
An FHA loan specialist assists with FHA loan applications, pre-approvals, and closing processes. They explain Ohio-specific requirements such as property condition standards and mortgage insurance premiums. They also help you gather documents like tax returns and pay stubs.
What are the FHA loan limits for Elyria, Ohio?
For 2024, the FHA loan limit for a single-family home in Lorain County is $498,257. This limit is set by the U.S. Department of Housing and Urban Development and applies to all FHA loans in the area. Higher limits apply for multi-unit properties.
Are there Ohio-specific rules for FHA loans?
Yes, Ohio requires all FHA loan originators to hold a valid license under the Ohio Mortgage Broker Act. Additionally, Ohio law mandates a three-day right of rescission for refinances. Property must meet FHA minimum property standards, which include safety and soundness checks.
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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 Ohio.