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Elk Rapids, 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 Elk Rapids, 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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Elk Rapids, Michigan News
Trick or treating for charity

A family discussion around the dinner table turns into a charitable event that will help some area food pantries stock their shelves.


Precincts prepare for record voter turnout

It's going to be hectic come Tuesday. Record numbers of regional voters are expected to participate on Election Day, when they'll be among five million citizens likely to cast ballots in Michigan.


Ascomnorth helps businesses communicate

Owners of one of the largest communications firms in northern Michigan are hopeful about the coming year, despite the lagging economy.


46 TCAPS students have switched districts

Forty-six students left Traverse City Area Public Schools for other area schools after recent elementary school closings, district enrollment data show.


Walgreens robbery arrest

On O ctober 15thA the pharmacist at the W algreens on US -31 in G arfield T ownship wasA approached by a man who claimed he had a gun and demanded morphine.


New high school security system

More eyes will be watching students and staff at an Antrim County High School. A Leaders in Elk Rapids approved the plan to put between 14 andA 16 security cameras in place through out the high school building ...


Bat cleaning drains church coffers

The cost of the cleanup is high because bat droppings are toxic; therefore, deep cleaning and sanitizing of all surfaces is required, including replacing all the insulation in the church, the story stated.


Elk Rapids temporarily bans development

Monday, October 20, 2008 at 6:40 p.m. AA northern Michigan community sets a ban on big business development in the area.


Week In Review:

Another blow came down the pipe for those opposed to a deep-injection disposal well proposed near Alba in Antrim County's Star Township.


Letters At Issue: Nov. Elections:

Michigan's 8.9 percent unemployment rate is the nation's highest; energy prices are soaring; and we face difficult economic times.


Every TCAPS bus passes inspection

All 118 buses in Traverse City Area Public Schools passed inspection during the last school year, according to an annual state police audit.


Alleged wastewater dumping may be fined

A local processing plant allegedly violated state environmental regulations by allowing its wastewater to drain into Elk Lake and surrounding wetlands.


Man charged with cocaine possession

An Elk Rapids man faces drug possession charges. Jesse David Probert, 27, is charged as a habitual offender with possession of less than 25 grams of cocaine.


Remodeling Guide: Back Splashes

The purpose of a backsplash in the kitchen or bath used to be purely functional: an easy-to-clean surface that protected the room's walls from sprays and splatters.


Homecoming Royalty 2008

It takes more than a few individual nominations to be selected for the Albion College homecoming court.


Still enjoying reunions - 73 years after graduation

One-third of the Suttons Bay High School graduating class of 1935 enjoyed a luncheon reunion Monday at the Leland Lodge.


News From 100 Years Ago:

A hurry-up call was received over the Citizens' Telephone late last Tuesday from the home of J. C. Park calling for volunteers to assist in fighting the flames on his and J. C. Van Blaricom's farms and in the ...


DNR invites comment on 'no-boat mooring'

Rich Fasi loves anchoring his boat off the beach near the city's bayside volleyball courts, but Barbara Weber steers clear of the area for just that reason.


Ambulance involved in crash on U.S. 31

An ambulance crashed into another vehicle while responding to a medical emergency in Elk Rapids.


Ambulance Side-Swipes Car in Elk Rapids

Hide Video It was a close call in Elk Rapids Monday when an ambulance side-swiped a car.


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