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Glennie, 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 Glennie, 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.
Return to fha loans in the state of MI
| Glennie, Michigan News |
12/1 - Snowfall Diminishes But Continues
Winter Storm Warnings remain posted for slow and difficult traveling conditions due to more snowfall and blowing snow.
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Grammy winner to give holiday concert
Grammy-award winning singer and songwriter Barbara Bailey Hutchison will present a holiday concert Dec.
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DSO tackles Tower's percussion concerto
It's been a good year for Joan Tower, whose 70th birthday this fall has been accompanied by a gaggle of celebratory concerts and performances across the country, including a June showcase at the local Great ...
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Roberta Jasina: Great stuff for families
Santa Does the 'Dotte!: Here comes Santa Claus in the 65th annual Christmas Parade in downtown Wyandotte on Saturday.
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Ceremony welcomes new business to Lawrence
A newly-constructed 200,000-gallon Village of Lawrence water tower was officially recognized Tuesday afternoon during a ribbon-cutting ceremony in the Lawrence-Crandall Business Centre.
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Alpena man with 1 leg gets year in fatal crash
A one-legged driver who crashed into a northern Lower Michigan restaurant and killed two patrons has been sentenced to a year in jail.
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Merit pay program could have Oscoda teachers seeing green
Teachers who help their students get better grades in the Oscoda Area School District, could be rewarded in their paycheck.
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Oscoda schools has new president and lunch rates
The Oscoda Board of Education has a new, although reluctant, president. Neal Sweet was elected to the position by his fellow board members at the annual organizational meeting held Monday, taking the reins from ...
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Oddity platypus has a lot to offer in gene study
"But as weird as this animal looks, its genome sequence is priceless for understanding how mammalian biological processes evolved" SYDNEY, Australia -- Scientists said they have mapped the genetic makeup of the platypus -- one of nature's strangest animals with a bill like a duck's, a mammal's fur and snakelike venom. via Detroit Free Press
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With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
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