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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
Dafter Decatur Dewitt Dowagiac
Daggett Decker Dexter Dowling
Dansville Deckerville Dimondale Drayton Plains
Davisburg Deerfield Dodgeville Drummond Island
Davison Deerton Dollar Bay Dryden
De Tour Village Deford Dorr Dundee
Dearborn Delton Douglas Durand
Dearborn Heights Detroit

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