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Addison, 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 Addison, 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.

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Addison, Michigan News
Minuscule beetles planted in lake to fight against weeds

Tiffany Bell, of Kalamazoo, holds her daughters Ivory Gray, 4, and Jada Gray, 1, as Jada gets playful with her sister Friday during the Black Arts Festival.


Minuscule beetles planted in lake to fight against weeds

Tiffany Bell, of Kalamazoo, holds her daughters Ivory Gray, 4, and Jada Gray, 1, as Jada gets playful with her sister Friday during the Black Arts Festival.


Minuscule beetles planted in lake to fight against weeds

Tiffany Bell, of Kalamazoo, holds her daughters Ivory Gray, 4, and Jada Gray, 1, as Jada gets playful with her sister Friday during the Black Arts Festival.


Minuscule beetles planted in lake to fight against weeds

Tiffany Bell, of Kalamazoo, holds her daughters Ivory Gray, 4, and Jada Gray, 1, as Jada gets playful with her sister Friday during the Black Arts Festival.


Minuscule beetles planted in lake to fight against weeds

Tiffany Bell, of Kalamazoo, holds her daughters Ivory Gray, 4, and Jada Gray, 1, as Jada gets playful with her sister Friday during the Black Arts Festival.


Minuscule beetles planted in lake to fight against weeds

Tiffany Bell, of Kalamazoo, holds her daughters Ivory Gray, 4, and Jada Gray, 1, as Jada gets playful with her sister Friday during the Black Arts Festival.


Minuscule beetles planted in lake to fight against weeds

Tiffany Bell, of Kalamazoo, holds her daughters Ivory Gray, 4, and Jada Gray, 1, as Jada gets playful with her sister Friday during the Black Arts Festival.


Minuscule beetles planted in lake to fight against weeds

Tiffany Bell, of Kalamazoo, holds her daughters Ivory Gray, 4, and Jada Gray, 1, as Jada gets playful with her sister Friday during the Black Arts Festival.


Minuscule beetles planted in lake to fight against weeds

Tiffany Bell, of Kalamazoo, holds her daughters Ivory Gray, 4, and Jada Gray, 1, as Jada gets playful with her sister Friday during the Black Arts Festival.


Minuscule beetles planted in lake to fight against weeds

Tiffany Bell, of Kalamazoo, holds her daughters Ivory Gray, 4, and Jada Gray, 1, as Jada gets playful with her sister Friday during the Black Arts Festival.


Funnel clouds, down power lines in area

Funnel clouds were spotted in Lucas and Ottawa counties during a severe thunderstorm last night that packed winds of up to 54 miles per hour and knocked out power to about 5,700 electric customers in northwest ...


Themed wedding has special meaning for bride and groom

As a Somerset Township fire truck pulled into the Addison Fire Station with its lights swirling, a not-so-typical passenger climbed out.


Wrestlers to hit mats in Hartland

Hartland High School seems a rather fitting place to begin a new wrestling tradition in Michigan.


Grant-Ball offered 'super' spot in Addison

EATON RAPIDS - Lockwood Principal Eileen Grant-Ball will likely be leaving the district sometime this month for a superintendent position with Addison Community Schools.


Huron Schools begins strategic plan process

"You need a plan, but first you get together and gather data. You look at your present needs and (vision) for the future."

Like many others on the steering committee, Alice Ferguson is thrilled about Huron Schools writing a strategic plan for the next three to five years of growth. via Monroe Evening News/Monroe Sunday News


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