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Allen Park, 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 Allen Park, 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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Allen Park, Michigan News
Teen Saved from Drowning in Pool

Hotel employees saves a girl's life after she was found not breathing at the bottom of a pool.


State Republicans on Kilpatrick plea: We're glad it's over

It didn't take long for news of Kwame Kilpatrick's plea bargain to reach Michigan's delegation to the Republican National Convention, staying in suburban Minneapolis.


Ex-CFO guilty of embezzlement

An Allen Park man was found guilty Wednesday of embezzling $226,170 from Cascades Community Federal Credit Union in Leoni Township.


Lions sign LB Ryan Nece, rookie RB Marcus Thomas

ALLEN PARK - The Lions have signed veteran linebacker Ryan Nece and claimed rookie running back Marcus Thomas.


You've taken a gander at the giant Uniroyal Tire

WHAT IS IT? For more than 40 years, the giant Uniroyal Tire along eastbound I-94 in Allen Park has been turning heads as one of the Detroit area's oldest and most recognizable landmarks.


Henson looking at final chance

ALLEN PARK - If quarterback Drew Henson's long-shot bid with the Detroit Lions ends up as his last shot at professional sports, he's glad it's happening close to home.


Fund to help relatives of couple found dead

Regarded by those who knew them as "great people" with "big hearts," family and friends of a 48-year-old married couple who apparently suffered coincidental deaths on Friday said Tuesday they've set up a ...


Districts added to 'critical' list

Michigan's largest education union - publishes the list when local unions report a lack of progress in negotiations for contracts between school districts and teacher, support service and other employee groups.


Farmington Hills aims to stop unruly animals

Farmington Hills officials are to vote Monday on a dangerous animal ordinance. The city is one of several across metro Detroit mulling stricter ordinances on animals.


Detroit Lions sign former Michigan QB Dr

The Detroit Lions have signed quarterback Drew Henson, a high school and college standout who has struggled at the professional level in baseball and football.Terms of the signing, announced on the team's Web ...


PAWS in the Park tailors events to include cats

With apologies to Nancy Sinatra, these paws were made for walking. That's just what they'll do at the PAWS in the Park dog walk and cat lovers' event Sept.


Living a dream

Mike Giles lives his childhood dream every day when he goes to work for NASA at the Johnson Space Center in Houston.


Critters you do want in your flower beds

Unlike their living, breathing counterparts, these delightful, metal garden creatures will never nibble on or destroy your favorite flowers and plants.


Cities unite to save on public works supplies

Dozens of Wayne County communities are looking to save money by joining together to buy public works supplies and life insurance for their municipal employees.


Metro Airport sets record for passenger traffic

The first half of calendar year 2008 set an all-time record for total passenger traffic for the first six months of any year in the history of Detroit Metropolitan Wayne County Airport .


Nationwide hydrogen car tour kicks off in Maine

A nationwide tour to showcase hydrogen-powered cars has kicked off in Maine. The tour started Monday at Fort Allen Park in Portland.


Winners set sites on November

When state government nearly shutdown last year because lawmakers couldn't agree on a budget, Taylor council Chairman Douglas Geiss said the thought of running for state representative was kindled in his mind.


3 others move to general election

Downriver voters cast ballots Tuesday for several Wayne County commissioners, although the results didn't change anything as the candidates were unopposed in the primary election.


Yesterday's Primary Results

A steady stream of voters turned out in the sultry summer heat yesterday to select the candidates who will face one another in November's general election.


Neal Rubin: Grab that wrench and turn full circle

Terri Zischke doesn't know a great deal about cars, but when her power steering locked up and smoke started belching from beneath the hood, she realized it wasn't good.


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