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Hamtramck, 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 Hamtramck, 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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Hamtramck, Michigan News
Goodfellows brighten kids' holidays with newspaper sales

Hundreds of Old Newsboys' Goodfellow Fund of Detroit members and Detroit Police Department officers fanned out across local streets Monday, selling special "Goodfellow" editions of The Detroit News and Detroit ...


People Mover will tweak its schedule

The Detroit People Mover will operate on a holiday schedule Thanksgiving Day, which is good news for anyone coming downtown.


Detroit school district to outline budget cuts

Officials will present a deficit reduction plan to the Detroit school board next week that calls for cuts that would result in an estimated $463.5 million over the next three years.


Obama downplays deficit

With the economy growing weaker, President-elect Barack Obama said Tuesday that recovery efforts will trump deficit concerns when he takes office in January.


Hamtramck Police Warn Of Phony Officer

A police impersonator is allegedly making rounds to local businesses, trying to swindle thousands of dollars in donations from people in Hamtramck.


1935 Dodge KC Half-Ton Pickup

"1935 Dodge KC Half-Ton Pickup." 17 October 2007. HowStuffWorks.com. 21 November 2008.


City Council 11/12/2008: all

His request was honored. Stackpoole said there was a good turnout and a large number of presentations at the World's Fair at People's Community Services.


Fire damages Hamtramck bar overnight

Fire heavily damaged the long-time Hamtramck neighborhood watering hole Shananigan's overnight.


Hefty Sentence For Police Chief Shooter

A judge sentenced the man responsible for shooting the Capac police chief. Donald Burke will spend 30-60 years behind bars for shooting Chief Raymond Hawks, and Deputy Tim O'Boyle. The shootings happened April ...


Gay rights left on sidelines after election

The 2008 election was a success for nearly every segment of the Democratic coalition, with one stark exception: gay rights advocates.


Paulson voices opposition to Big 3 bailout bill

Treasury Secretary Henry Paulson told Congress on Tuesday that the administration remains firmly opposed to dipping into the government's $700 billion financial bailout fund for a $25 billion rescue package for ...


Marysville cruises into regional final

The Marysville volleyball team made quick work of St. Clair Shores South Lake tonight, sweeping the Shorians in Class B regional semifinal action at Pontiac Notre Dame Prep.


Blog: O Street

O STREET So here's what happened at the block party... By ONEITA JACKSON * FREE PRESS BLOGGER * November 15, 2008 They ate.


Illegal smokes bring charges for 18

State and federal police on Thursday arrested and charged 18 metro Detroit residents with trafficking 104,300 cartons of illegal cigarettes worth more than $2 million in unpaid Michigan taxes.


Detroiters will trumpet in 3 weeks of jazz at the Dirty Dog

The trumpets shall sound. And swing. Three terrific trumpeters, all with Detroit roots, will parade through the Dirty Dog Jazz Cafe over the next three weeks in a homecoming that promises to feel -- and sound ...


AFA-Michigan congratulates Hamtramck voters on rejection ...

Hamtramck voters reject "gay rights" ordinance HAMTRAMCK, Mich. - A statewide family values organization Tuesday congratulated a multicultural coalition of Hamtramck citizens on their successful campaign to ...


The crosstown mob wars of 1930-31

Presiding over this shaky peace arrangement was a Giannola gunman named Salvatore "Sam" Catalonotte.


Hamtramck hires new eco devo chief

After a year of vacancy, the position of community and economic development director for the city of Hamtramck has been filled.


Eagles of Death Metal to crunch Hamtramck sans Homme

EAGLES OF DEATH METAL: Rousing retro-rock crunch from Jesse Hughes and company. Note that cofounder Josh Homme is not part of the band's touring lineup.


Americans for Truth - Hamtramck voters easily reject homosexual ordinance in pro-Obama district

Special "rights" based on homosexual behavior, cross-dressing defeated by vote of 2,903 to 2,333; all five pro-family ballot measures against homosexual agenda nationwide victorious If the GOP or any party ...


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