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Decatur, 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 Decatur, 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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Decatur, Michigan News
Michigan 51 accidents send 6 to hospital

Two accidents along Michigan 51 sent six people to area hospitals Monday. The Cass County Sheriff's Office said the first crash happened about 7:35 a.m. near Swamp Street in Wayne Twp.


More of this story

It's the second time a 69-year-old Marcellus man will go behind prison bars. Friday in Cass County Circuit Court, Jerome Wilkins of 54303 Cranberry Road, Marcellus, was sent to prison for second-degree criminal ...


Ex-employees get OK to buy Knoll business

Van Buren County Circuit Judge William C. Buhl has signed an order opening the way for two former employees of Decatur businessman Evan Knoll to buy his near-bankrupt racing-fuel business.


Fatal accident closes I-94 lanes in Van Buren Co.

A driver was killed in a collision involving two semi trucks that shut down the eastbound lanes of I-94. The crash happened near the 55 mile marker in Van Buren County, near Decatur, shortly after 6 a.m. Friday ...


Racing-fuel empire's assets may be sold off

Assets of a former multimillion-dollar racing-fuel empire that is now under federal tax investigation are scheduled to be auctioned Nov.


SMC accepts engineering scholarship

The Southwestern Michigan College board of trustees recently accepted a $133,000 donation to establish the Charles R. Smith Memorial Scholarship.


Decatur soldier admits killing woman

A soldier from Van Buren County admitted he had violent sex with a 19-year-old woman before cutting her throat and leaving her to die in the wooded foothills west of Colorado Springs, according to an arrest ...


'Murder at the Mansion'

Pay attention. Listen carefully. Take notes. If you do all that - and use your imagination - you just might determine who killed Charles and Esther Morris on Sept.


Traffic Stop Yields Large Amount of Marijuana

Two men, one from Decatur, Michigan and one from Elkhart, Indiana were arrested early Thursday morning by Indiana State Trooper Kris Coffey, for possessing approximately 60 pounds of marijuana in the trunk of ...


60 pounds of marijuana seized

Compiled by Tom Pellegrene Jr. Men from Elkhart and from Decatur, Mich., were arrested in Adams County today on charges they possessed more than 10 pounds of marijuana with the intent to deliver, Indiana State ...


Decatur soup supper to be held Friday, September 26

West Valley Livestock will host a soup supper at the Decatur Township Hall, 103 E. Delaware Street on Friday, September 26 from 4:30 to 6 p.m. The all-you-can-eat meal will cost $3, and include a choice of ...


Decatur Man Dead after Hitting Tree

A Decatur man is dead after hitting a tree head on. The Van Buren County Sheriff's Deparmtent says it happened around 9p.m. Saturday at the intersection of 40th Street and 82nd Avenue.


Police find suspected meth lab

Police said they found an active methamphetamine lab inside the garage of a Portage home on Tuesday.


Deputies believe they've solved a string of break-ins

Van Buren County Deputies say that they've found the man behind a number of summer break-ins. They arrested Dennis Hall on Monday for an outstanding warrant, but he's looking at a slew of new charges.


Decatur man arrested at football field

Dowagiac Police Chief Tom Atkinson reports his department arrested a man Friday night for several drug-related charges.


Decatur man charged in two separate thefts

A Decatur man has been charged for stealing from a business and a foreclosed home.


Lost Decatur Girl Found

The Herald Palladium reports Haley Muncy of County Road 668, south of Decatur, apparently left her backyard and wandered around barefoot in cornfields for almost 3 hours beofre she was found.....thanks to an ...


Missing toddler found safe

A 3-year-old child missing for about three hours Friday afternoon was found safe about a mile from her house, wandering in a cornfield.


Traffic stop leads to meth

Two Decatur men also went to prison Friday for methamphetamine making, Christopher Kirby, 36, of 100 East Bronson St., and Clyde Rowlee, 38, of 305 E. Sherwood St.


Legacy of dedication lives on for former KPS principal

Students at Kalamazoo's Chime Elementary School, which closed at the end of the 2007-08 school year, and Wilson Elementary, which closed several years ago, were much the better because of a principal who spent ...


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