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Elmira, 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 Elmira, 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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Elmira, Michigan News
Tea Table Listing Updated

A son, Cohen Judah Withey, was born to Caiden and Sarah Withey of Petoskey at 4:22 p.m. on Sept.


The Herald Times' View: 3 millages worth supporting

Three important millage issues face voters in Otsego County on Tuesday. On the countywide ballot is a six-year proposal to renew a .4-mill levy to continue the valuable, and important, operation of the Otsego ...


7 vie for 3 positions on GLE Board of Directors

Posted: 7-30-2008 7 vie for 3 positions on GLE Board of Directors Seven candidates are vying for three positions on the Great Lakes Energy Cooperative Board of Directors this summer.


Fuel spill efforts continue on M-32 and Alba Road

By Michael Jones Staff Writer ELMIRA TWP. - " More than fifty homes in Elmira Township's Franklin Farms subdivision were evacuated early Sunday morning when two tanks of a four-section tanker truck ruptured ...


Otsego Roadway Still Closed after Weekend Tanker Spill

Crews are still cleaning up an Otsego County Highway after a tanker spilled nearly 2,000 gallons of hazardous material.


MDOT finishing fuel spill mop-up on M-32

Responders acted quickly to clean up a fuel spill on M-32 and Alba Road in Elmira Township.


Otsego Roadway Still Closed after Weekend Tanker Spill

Crews are still cleaning up an Otsego County Highway after a tanker spilled nearly 2,000 gallons of hazardous material.


Elmira man killed in one-car crash

An Elmira man died in a one-vehicle crash on North Center Street near Shipp Street in Gaylord.


Police Blotter, May 30, 2008

Otsego County Sheriff's Dept. Larceny of rings, sander reported Deputies received a complaint May 20, from Nancy Colton, Gaylord, who allegedly reported several rings and a portable combination sander-saw were ...


Farmers fear cold damaged their crops

Jack Gray couldn't bring himself to check his sweet cherry crop after a widespread frost settled across northwestern Michigan.


Tea Table Listing Updated

Births A daughter, Elizabeth Jean Stoll, was born to Matt and Amy Stoll of Petoskey on May 21, 2008, at Charlevoix Area Hospital.


Lumber building destroyed in blaze

"Kids are always running in and out of there, dinking around"

A second abandoned lumber building in Gaylord burned to the ground and an Elmira man is jailed on arson charges. via Traverse City Record-Eagle


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