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Grosse Ile, 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 Grosse Ile, 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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Grosse Ile, Michigan News
SPEAKOUT: What's your favorite Christmas carol?

"My favorite is 'Rockin' Around the Christmas Tree.' My little brother, Brennan, and I like to sing and dance to it every year." MacKenzie Sanford Grosse Ile "I love 'Silent Night.' I've liked it ever since I ...


Ballet company's 'Nutcracker' to light up Salem stage

The Sugar Plum Fairy, Snow Queen and Herr Drosselmeyer will be some of the characters that take center stage when the Plymouth-Canton Ballet Co.


RIVERVIEW: Apartment fire kills one

A 68-year-old man died after a fire Thursday at a senior apartment complex. Bellaire Independent Senior Apartments, 12621 Hale St., caught fire at about 10 p.m. and its residents were evacuated.


SPEAKOUT: What are you most thankful for?

"I'm most thankful for good health, never being hungry, living in a great city and for having many great friends." Fritz Emery Wyandotte "I thank God every day for all that he has blessed me with: family, ...


Music to your ears

The music will be pouring out of St. Joseph Catholic Church , 2565 Third St., Trenton, this fall.


Pasta fund-raiser scheduled

Friends of Tom and Robin O'Donnell of Grosse Ile are planning an open house fund-raiser for the couple's son from 3 to 8 p.m. Sunday at the Woodhaven Community Center.


School bomb threats draw swift response

The high school was faced with two bomb threats this week. The first was found in a girls' bathroom Friday afternoon.


in the Spotlight: Beltone

The sweet sound of success still resonates in Beltone's Downriver offices. Owners Dan and Jean Fletcher of Grosse Ile are celebrating their company's recent award, the President's Cup.


in Brief: News from around Downriver

The Wayne County-owned bridge between Trenton and Grosse Ile Township will be closed for installation of a catwalk below the bridge deck through 5 p.m. today.


Somewhat smooth sailing

Photos submitted by Greg Karmazin/GIBC While the Wayne County free bridge was closed over the weekend for a planned maintenance project, traffic flowed relatively smoothly at the Grosse Ile Toll Bridge, with ...


Grant of $496,000 awarded for safe routes

The Grosse Ile Safe Route to Schools Committee has been awarded a federal grant of nearly a half-million dollars.


HISTORY: Grassy Island Lighthouse

By Wallace Hayden Michigan has more lighthouses than any other state in the nation and Downriver has had some notable contributions to that list.


Trine Football Players Honored By MIAA

ROYAL OAK, Mich., - The Michigan Intercollegiate Athletic Association has named Hope College tailback Josh Echtinaw, Trine University wide receiver Paul Curtis, Adrian College defensive lineman Justin Judd and ...


Grosse Ile bridge closed until Sunday evening

The Wayne County Bridge will remain closed on Saturday and part of Sunday for maintenance.


Grosse Ile: Free bridge closed through 5 p.m. Sunday

Motorists take note. If you're heading to Grosse Ile this weekend, you'll have to take the toll bridge.


School board unchanged

Grosse Ile had a very closely contested school board election on Tuesday. Incumbents Terese Hunter and William Tuinier will return for their second four-year terms.


Work on Grosse Ile free bridge set for weekend

Upgrades to the Grosse Ile free bridge that had been scheduled for last weekend are now scheduled for Saturday and Sunday.


Free Drive Up Flu Shots

The Royal Oak Medical Center is offering a drive-up flu clinic on Saturday that will benefit the recipients and those in need.


Lights! Camera! Action! Open Call in Howell

A casting call for extras is taking place this weekend for a new movie being shot in Howell.


Grosse Ile Free Bridge Closed

The Grosse Ile free bridge is closed this weekend. Wayne County officials say they're closing the free bridge for installation of a catwalk beneathe the bridge deck.


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