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Garden City, 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 Garden City, 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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Garden City, Michigan News
Survey says É

Over the next two weeks, visitors to downtown Garden City may be questioned about their shopping habits.


Skaters get merry for exhibition

The sounds of the season will fill the Civic Arena this coming weekend as the Garden City Figure Skating Club and Garden City Parks and Recreation Department present the annual Christmas Exhibition.


Change, for better or worse

"Your life's about to change," says The Blind Man to Nolan Stokes in the pilot episode of New Directions, a dramatic series filmed in and around Detroit and being shopped to networks.


City won't salt new portions of Maplewood

Drivers will need to take it easy on the newly constructed sections of Maplewood this winter since salt can't be used on the new concrete.


Champs! Douglas claims flag football title

The winless Detroit Lions could learn a lesson in perseverance from the Dolphins E Not the Miami Dolphins, the Douglas Dolphins of the Garden City Flag Football league.


Ho, ho, ho: Parade welcomes Santa to town

Santa Claus makes his official arrival in Garden City at the annual Santaland Parade beginning at 10 a.m. Saturday.


Garden City may reallocate federal money to spur development

Garden City is being asked to consider reallocating federal grant money to help with the development of a duplex to house lower income and disabled residents.


Republicans and Democrats praise Milliken's leadership

Tuesday night at Livonia's Laurel Manor was like a high school reunion for politicians and political journalists.


Garden City Break-In Suspect Arrested

A 20-year-old man was charged in connection with a series of Garden City robberies.


Foundation to give peace pole to city

Garden City has a Peace Pole. Now the question is where to display the eight-foot wooden symbol of welcome and diversity.


GC pom teams score at competition

The Garden City pompon and dance teams proved they know how to kick by placing second in their divisions at the 2008 Mid American Pompon Dance and High Kick Championship earlier this month.


Banish the gloom with bright shopping venues

The forecasts are gloomy, and it's not the unseasonably cold weather that economists are talking about.


Singer says success comes with hard work

Kathy Kosins is an artist when she writes music, paints or steps on stage for shows like tonight's performance with the Garden City Community College jazz ensemble.


Police face hurdles in solving murder case

In investigating the 1978 murder of Tom Freno, Garden City police faced several obstacles including the lack of a crime scene and little physical evidence.


Great leads could not help solve '95 murder

Another unsolved Garden City murder took place on Middlebelt in front of City Hall in 1995.


Fund-raiser aids ailing Garden City council member

A fund-raiser is being held Saturday at the Sports Venue to benefit a man who is known for being on the giving, rather than receiving end of that type of event.


Murder cases remain unresolved

The families of 45-year-old Joseph Stailey and 33-year-old Gregory Bradley have never met, yet both know the pain that comes with losing a loved one to a senseless act of violence.


Forecasters: tough road ahead for the economy

Heather L. Noble stands in front of her home in Garden City, Mich., Wednesday, Nov.


Marine, veterans share 'bond'

For more photos, see the online photo gallery on the Garden City home page at www.hometownlife.com . The sacrifices of veterans and those currently serving in the military were honored at Garden City's annual ...


DVD captures sights of early Garden City

Unlike some movies, for this DVD the title says it all - "Downtown Garden City 1935-1939." The eight-minute film, with narration by lifetime Garden City resident Jack Kerstetter, is on sale at the Lathers ...


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