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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 FHA Loan directory for MI :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Bad Axe Beaverton Birmingham Brighton
Bailey Bedford Bitely Brimley
Baldwin Belding Black River Britton
Bancroft Bellaire Blanchard Brohman
Bangor Belleville Blissfield Bronson
Bannister Bellevue Bloomfield Hills Brooklyn
Baraga Belmont Bloomingdale Brown City
Barbeau Bentley Boon Bruce Crossing
Bark River Benton Harbor Boyne City Brutus
Baroda Benzonia Boyne Falls Buchanan
Barryton Bergland Bradley Buckley
Barton City Berkley Branch Burlington
Bath Berrien Center Brant Burnips
Battle Creek Berrien Springs Breckenridge Burr Oak
Bay City Bessemer Breedsville Burt
Bay Port Beulah Brethren Burt Lake
Bay Shore Big Bay Bridgeport Burton
Bear Lake Big Rapids Bridgewater Byron
Beaver Island Birch Run Bridgman Byron Center

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