Somerset Mortgage Lenders 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

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 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.

Local FHA Loan directory for MI :
Jackson Jeddo Jerome Jones
Jamestown Jenison Johannesburg Jonesville

Return to our fha loans page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Michigan News
Woman Who Escaped Mich. Prison in 1975 May Go Free

Hide Video A woman who spent 33 years on the lam after escaping from a Michigan prison may soon be released on parole.

Dem boss tells Michigan delegates: Hit the bricks for Obama

It was marching orders day at the Michigan delegation breakfast today, featuring Democratic National Committee Chairman Howard Dean.

Mich. high court to consider ballot measure

Backers of a sweeping proposal to reshape Michigan government will get their day in the state Supreme Court.

San Diego Mother Moved To Another Michigan Prison

Hide Video Michigan prison officials have a message for a California woman who escaped in 1976 and was captured in April: Keep a low profile.

Analysis: Oprah, Hathaway! Obama's goldmine or risk

Hollywood hasn't contributed official speakers to Barack Obama's convention this week.

Granholm has no divided loyalties for Cal-MSU game

DENVER - When Michigan State and California meet Saturday in the season opener for both football teams, Michigan Gov.

It's His Night

It was 45-years-ago today that Martin Luther King gave his "I have a dream" speech.

SEIU spending scandal spreads to Michigan

A spending scandal at California's largest union local spread to a second state Monday as the head of the union's leading Michigan group stepped aside because of a widening financial inquiry.

Editorial: Amtrak on the rise but needs Congressional support

LANSING, Mich. - More people in Michigan are taking to Amtrak trains to get around.

Flags Lowered To Honor Burr Oak Soldier

Governor Jennifer Granholm has ordered U.S. flags throughout the state to fly at half-staff this Friday to honor a southern Michigan soldier killed in Afghanistan.

Continue reading "Court revives effort to recall Mich. House speaker"

The effort to recall House Speaker Andy Dillon, sparked by his role in supporting last year's tax increases in Michigan, was revived Wednesday with a federal court ruling.

AAA says gas prices down 6 cents around Ann Arbor

Gas prices around the Ann Arbor area have dropped 6 cents over the past week, putting the local average at $3.83 a gallon on Monday, AAA Michigan says.

Barack Obama, Joe Biden head to Mich., Pa., Ohio

Democratic presidential candidate Barack Obama and running mate Joe Biden will campaign in Michigan after wrapping up the Democratic National Convention.

Mich. residents get speaking time at convention

It was a day for Michigan residents to dominate the podium. The Democratic National Convention on Tuesday was to feature Gov.

Calif. entertainment company plans studios in Mich.

A Michigan-born filmmaker's entertainment company has announced a three-phase plan to create motion picture soundstages and production facilities in three locations around the state.

Incomes rise in Michigan, but more in poverty

Michigan was the only state where poverty rose and incomes fell last year, the U.S. Census Bureau reported Tuesday.

Granholm to moderate energy town hall meeting

Governor Jennifer Granholm says a town hall meeting at the Democratic National Convention will give her the chance to highlight Michigan's alternative energy accomplishments.

Michigan graduation rate hits about 75 percent

Michigan's revised, lower high school graduation rates resulted in fewer schools meeting federal No Child Left Behind goals, the state said today.

Foods stamps come to more farmer's markets

More farmers markets nationwide are accepting food stamps for their summer squash, apples and other fresh produce - fattening profits for farmers while creating healthier options for low-income families as food ...

Cherry lays groundwork for gubernatorial bid

DENVER - Lt. Gov. John Cherry is grabbing the chance in Denver to woo hundreds of Michigan Democratic activists he'll need to back his 2010 run for governor.

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.
"...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.
© 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)