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Metro Detroit • 31 mortgage lenders profiles
FHA Loans in Metro Detroit
Compare verified FHA-approved lenders in Metro Detroit for flexible home purchase and refinance loans. Request a consultation and compare Loan Estimates.
5Featured pros
31Mortgage Lenders profiles
6Metro counties
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Rebuild Detroit is not a lender or mortgage broker, does not make credit decisions or quote rates, and information here is general, not financial advice.
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Featured FHA loan pros
Top FHA Loans Pros in Metro Detroit
Featured spots are paid placements shown first. The Verified badge records dated checks; other listed businesses have not been verified yet. Confirm current licensing, insurance and written scope with each provider.
Cassadine Reed, MLO
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Chensea S. Thomas
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Cleared To Close Mortgage
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District Capital
Listed
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Search all 31 published mortgage lenders profiles by city, service and verification status.
Before you hire
FHA Loans in Detroit: what to expect
An FHA loan in Detroit is a mortgage insured by the Federal Housing Administration, part of HUD. Because of that insurance, FHA-approved lenders can accept lower down payments and more flexible credit than many conventional loans. First-time buyers across Detroit, Taylor, Westland and Warren use FHA loans often.
FHA loans are for a home you will live in, including two to four unit properties where you occupy one unit. You pay an upfront and an annual mortgage insurance premium, and FHA loan limits vary by county. The FHA appraisal checks minimum property standards, so peeling paint on pre-1978 homes, a broken furnace or roof problems may need fixing before closing.
If the home needs more work, an FHA 203(k) renovation loan can roll repairs into the mortgage. Compare Metro Detroit mortgage lenders.
What a good engagement includes
- Check of FHA eligibility, credit, income and debts
- Pre-approval letter for your price range
- A Loan Estimate within three business days of your application
- FHA appraisal against HUD minimum property standards
- Clear explanation of upfront and annual mortgage insurance
- Guidance on any repairs the appraiser requires
- A Closing Disclosure at least three business days before closing
What drives the fee
- Credit score and debt-to-income ratio
- Down payment amount
- FHA mortgage insurance premiums
- Loan term and points
- Repairs required by the FHA appraisal
- Seller credits allowed toward closing costs
- Lender overlays stricter than FHA minimums
Rebuild Detroit does not publish fees. Ask each attorney to explain the fee basis in writing and compare.
Licensing and disclosures in Michigan
Michigan licenses mortgage brokers, lenders and servicers through DIFS (the Department of Insurance and Financial Services), and individual mortgage loan originators need their own license unless an exemption applies. Banks and credit unions are exempt from the state company license, and their loan officers are registered in NMLS instead. Either way, the NMLS ID must appear on applications and ads: look it up on NMLS Consumer Access.
The lender must also be approved by HUD to originate FHA loans. Ask the lender to confirm it, and expect a Loan Estimate and a Closing Disclosure you can compare.
Verify: NMLS Consumer Access lookup DIFS: Mortgage brokers, lenders and servicers File a complaint with DIFS How We Vet
How to compare attorneys
- Get Loan Estimates from FHA lenders on the same price and down payment.
- Ask each lender about its minimum credit score, since overlays vary.
- Compare the FHA quote with a conventional quote for the same home.
- Confirm how the lender handles appraisal repair conditions.
- Check each lender on NMLS Consumer Access.
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Common questions
FHA Loans FAQ
Borrowers buying or refinancing a home they will live in who meet FHA and lender credit, income and debt standards. A lender can tell you after reviewing your documents.
Credit score, down payment, mortgage insurance premiums, loan term, points and any repairs the appraisal requires. Rebuild Detroit does not quote rates.
Yes, if it meets FHA minimum property standards at appraisal. Safety issues and peeling paint on older homes often must be fixed first, or a 203(k) loan can fund repairs.
Yes. FHA allows two to four unit homes as long as you live in one of the units.
Get FHA loan consultations from local pros
Compare Metro Detroit mortgage lenders and confirm credentials, scope and cost drivers before you hire.