FHA Loan Specialists in Granville, OH
Looking for a fha loan specialist in Granville? Review the directory below to compare your options.
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 5 fha loan specialists in Granville, 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.
What Does a FHA Loan Specialist in Granville Cost?
Typical costs for an FHA loan specialist in Ohio include an upfront mortgage insurance premium of 1.75 percent of the loan amount, plus annual mortgage insurance premiums ranging from 0.15 to 0.75 percent. Closing costs in Granville generally range from 2 to 5 percent of the purchase price. Lender fees may vary between $500 and $1,500. 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 does an FHA loan specialist in Granville do?
An FHA loan specialist helps borrowers apply for loans insured by the Federal Housing Administration. They review credit requirements, calculate down payments, and ensure the property meets FHA minimum standards. In Granville, they also coordinate with local appraisers familiar with Licking County housing values.
What are the credit score requirements for an FHA loan in Ohio?
The standard FHA loan requires a minimum credit score of 580 for a 3.5 percent down payment. Borrowers with scores between 500 and 579 may still qualify but must put down 10 percent. Ohio lenders may have their own overlays, so a specialist can help you find a lender that fits your score.
Are there Ohio-specific rules for FHA loans?
Yes, Ohio requires all mortgage loan originators to be licensed through the Ohio Division of Financial Institutions. Additionally, FHA loans in Ohio must comply with state foreclosure laws and property disclosure requirements. A Granville specialist can explain how these rules affect your application timeline.