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 :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Nadeau New Baltimore Newaygo North Street
Nahma New Boston Newberry Northport
Napoleon New Buffalo Newport Northville
Nashville New Era Niles Norvell
National City New Haven Nisula Norway
National Mine New Hudson North Adams Nottawa
Naubinway New Lothrop North Branch Novi
Nazareth New Troy North Star Nunica
Negaunee

Return to our fha loans page

Bad Credit? click here.

Call for COMPLETE details NOW!

(800) 675-9783

Michigan News
Michigan businessmen remain jailed on stolen identity charges

Two Michigan businessmen will remain behind bars for now on federal charges they stole a Milwaukee attorney's identity in a scheme that involved a $549,000 yacht, after a hearing Thursday.


Pink Ribbon Michigan Golf Classic

Volunteers get together in October to raise awareness and funds for both men and women for breast cancer with the Pink Ribbon Riders organization.


Michigan authorities seize 1,000 marijuana plants

Drug enforcement officials say they have seized more than 1,000 marijuana plants worth more than $1 million from remote areas in six Michigan counties.


Phil Power: Public wants major reforms

Michigan government works badly and needs a major overhaul - but you might think the prospects seem dim indeed.


Political parties unleash competing ads in Mich.

The sour economy has the starring role in new ads being launched in Michigan as the Republican National Convention wraps up.


Romney gives Mich. delegates a pep talk Wednesday

They got a visit Wednesday morning from Mitt Romney, the Michigan native many of them had helped win the state's Jan.


Mich. man charged in RNC plot

A Michigan man has been charged in what authorities say was a scheme to use Molotov cocktails to attack the main arena for the Republican National Convention.


Monday's winning Michigan lottery numbers

A weakened Hurricane Gustav crashed Monday into the flood-prone but nearly deserted coast of Louisiana, making landfall west of New Orleans as a Category 2 storm.


Missouri Battling Ash Borer Infestation

Hide Video The emerald ash borer has made its way to Missouri, and the state's experts doubt they can stop its spread.


ELECTION 2008: In Michigan again, Obama tries to court Detroit's auto industry

In his fourth visit to Michigan in as many months, Barack Obama will renew his sales pitch to voters today for the 2009 model Obama administration -- and Detroit automakers are among those kicking the tires.


Presidential ad spending tops $13 million in Mich.

They often run back to back: First a TV ad for Republican presidential candidate John McCain, then one for Democrat Barack Obama.


Michigan delegates roll up their sleeves for Gustav

Michigan Republican delegate Dennis Buchholtz of Warren cracked jokes as he donated blood Tuesday morning for Hurricane Gustav victims before getting back to work at the National Republican Convention.


AAA Michigan: Gas prices down 8 cents to $3.74

AAA Michigan says gas prices have dropped 8 cents over the last week, putting the statewide average at $3.74 a gallon.


Apple a day won't keep harvest woes at bay this year

Michigan apple growers are bracing for a disappointing year as they begin their harvest of this year's crop.


BIA Launches Michigan Facility Expanding Capabilities and Footprint While Creating Jobs

New location to provide clients with increased service offerings and capacity while fostering economic growth NEW YORK, Aug.


Michigan motorcyclist killed in Milwaukee accident

The Milwaukee County medical examiner's office says a motorcyclist killed in an accident was from Michigan.


Defense leads Blaze to 34-0 victory

A standing room only crowd saw the Battle Creek Blaze post their second consecutive shutout, blanking the Michigan Renegades 34-0 in Athens this past Saturday evening.


Thousands make annual holiday trek across the Mac

Thousands have walked, jogged and wheeled their way across the Mackinac Bridge as part of an annual Labor Day tradition.


Obama, Biden bring 'change' tour to Michigan

Thousands broke out in cheers as Democratic presidential nominee Barack Obama and running mate Joe Biden spoke Sunday evening at a minor league baseball stadium about their plans for making life easier for ...


2 Southeast Michigan hospitals make 100 most improved hospital list

Three hospitals in Southeast Michigan have made a national list of the 100 most improved hospitals in 2007.


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.
 
"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
© 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)