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MI FHA Loans in Michigan

FHA loans differ from conventional loans in a number of ways. The down payment required for an FHA-insured loan is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.


FHA loans offer MI residents several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3-5%. The FHA is also more flexible in calculating factors to determine whether or not to approve the loan, factors such as household income and repayment ratios.

Local bad credit FHA Loan directory for MI :
Acme Algonac Alto Atlanta
Ada Allegan Amasa Atlantic Mine
Addison Allen Anchorville Atlas
Adrian Allen Park Ann Arbor Attica
Afton Allendale Applegate Au Gres
Ahmeek Allenton Arcadia Au Train
Akron Allouez Argyle Auburn
Alanson Alma Armada Auburn Hills
Alba Almont Arnold Augusta
Albion Alpena Ashley Avoca
Alden Alpha Athens Azalia

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