Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement Purchase Refinance
Search Somerset:
Print this page    E-mail this page

Highland Park, 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 Highland Park, 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

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Highland Park, Michigan News
Fire Engulfs Hamtramck Meat Plant

Firefighters in Hamtramck are battling a blaze at a meat packing plant located at Lumpkin and Danforth.


UAW's Ron Gettelfinger honored as 2008 Goodfellow of the Year

Ron Gettelfinger, the powerful yet soft-spoken president of the United Auto Workers, was honored by the Old Newsboys' Goodfellow Fund of Detroit as the 2008 Goodfellow of the Year at the charity's 19th Annual ...


Neal Rubin: Goodfellows make Christmas merry for kids, crafters

Kenya Stevenson was 9 years old when she figured out that Santa Claus was getting help from the Goodfellows.


Seeking out where the Model T began

Jerald Mitchell calls the Ford Motor Company's Piquette Avenue Plantin Detroit "a fulcrum point of human history the balance of history shifted." It was at this factory in Detroit that Henry Ford and his ...


10.JUN.07 Nandi's Knowledge Caf and Ray's Grill

There's a new spot in Highland Park that has already made a name for itself as a place to gather for the nurturing of the mind and the body.


Sighting turned teen into more than face in the crowd

There's a legend in Hollywood that Lana Turner, the Scarlett Johansson of her day, became a star after being discovered sipping a soda at Schwab's drugstore.


Rebuild to win: Ex-gang leader's story sends message of hope to teens

When a sports team makes a trade for new players, it's said they're in rebuild phase because they're aiming to win.


Wayne County news briefs: Plymouth-Canton band is 11th in national contest

The Plymouth-Canton marching band placed 11th out of 90 bands from across the country at the Bands of America Grand National Championships held last week in Indianapolis.


'Sheriff Evans for Mayor'

Sheriff Warren Evans officially announced his candidacy for Detroit mayor Nov. 12 at Blight Busters on the west side.


Michigan Works! opens new Highland Park locale

Southeast Michigan Community Alliance's newest Michigan Works! Service center opened at 144 E. Manchester Street, in Highland Park., on Nov.


Detroit's Thanksgiving Day Parade

Michael Wiley, 2, and sister Pamela, 5, of Redford Township sit impatiently on the curb waiting for Santa in 1977.


Where the cloud meets the ground

It is almost as easy as plugging in a laser printer. Up to 2,500 servers-in essence, souped-up PCs-are crammed into a 40-foot shipping container.


Bachelor's in organizational development offered at Bertrand Crossing campus

Beginning Thursday, April 2, 2009, SAU will begin offering a bachelora TMs in organization development at the Bertrand Crossing campus.


TRIUMPHS: 9 decades only deepen a volunteer's commitment

When Victor Getter sat down last week to talk about his volunteer work, he wound up sharing some life lessons.


Mayor: Cherry Street Mission creates homeless problem

Cherry Street Mission officials say Toledo Mayor Carty Finkbeiner blames the mission for Downtowna s homeless problem.


Huntington Woods filmmaker to show 3 'Detroit Docs'

Last year, filmmaker Alex Grossfeld attended the Detroit Docs documentary film festival for the first time.


Highland Park Fire Victims Burial Fund Information

Below is information for those interested in donating to the burial funds of either family affected by a fire in Highland Park: Dale Family Charter One Bank - Highland Park Branch Only Checks should be payable ...


Report: 3 kids, grandma feared dead in Highland Park blaze

Willie Dale could only watch in despair this morning as his mother and three young cousins begged for him to break the windows on their burning home so they could get out.


Fire and city officials say a woman and three children died when fire ...

Fire and city officials say a woman and three children died when fire destroyed their Highland Park home and spread to four other houses.


Fire raises city code questions

City officials on Thursday said they didn't know that the two-story wooden house on Waverly had people living in it -- until a fire erupted there and killed four people -- three of them children.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
 
"Our family would like to thank Somerset Mortgage Lenders for getting us out of foreclosure. Without your help we do not know what would have become of our family. When we first called, we were in Chapter 13 bankruptcy...Not only will we now be able to keep our home, but we'll be able to put ourselves on track financially, thanks to all the efforts of the wonderful people at Somerset. We will be forever grateful to you all." - Scott & Amy
© 2006 Somerset Investors Corp. All rights reserved.
home | about us | Mortgage Blog | contact us | privacy policy | state licensing | search | links | link to us | site map
mortgage calculators | refinance | purchase | fha | reverse mortgage | divorce buyout | debt consolidation
Eqaul Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA)