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Hessel, 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 Hessel, 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
| Hessel, Michigan News |
Eyes on the White House: One day to go
After coming through the most expensive political campaign in U.S. history, record numbers of Americans, including more than 5 million in Michigan, are expected to cast votes in Tuesday's presidential election.
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The mood of Michigan: Economy fuels fears
Is there a cooler city in Michigan at the moment than Traverse City, the once-dowdy resort town whose East Front Street has morphed into a micro Manhattan of chic shops, interesting restaurants and the smartly ...
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MxMo in the UP, eh?
One of the casualties of my move west was my fairly extensive home bar. There's only so much that can fit into my car and all those bottles, alas, didn't make the cut.
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COLUMN - "On the Waterfront" goes on the road
With The Antiques Road Show in Grand Rapids this weekend, we thought it would be good to take "On the Waterfront" on the road, as well.
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Greektown Casino's owner to lay off 2% of workers
Greektown Casino majority owner, the Sault Ste. Marie Tribe of Chippewa Indians, is laying off 2% of its 2,000-member workforce as the tribe struggles with a $15-million deficit.
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Severe thunder and hail expected in Chippewa County
The U.S. National Weather Service has issued the following severe thunderstorm warning for Chippewa County and Mackinac County. via SooToday
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Saturday's births
Brooks and Nicole Heim of Wilson welcomed a baby girl at OSF St. Francis Hospital on April 7. Born at 9:53 p.m., Brynn Rayne weighed 8 pounds, 14 ounces and was 20 inches long. via The Daily 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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"Every other company said they could not help us. After speaking to about five companies, we really believed that no one could. Then we called Somerset, and your company proved us and those other companies wrong. We can't thank you enough for all your hard work and effort in getting us a low fixed rate. We can now breathe easier..." - L. Braun
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