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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 :
Saginaw Sault Sainte Marie Skandia Spring Lake
Sagola Sawyer Skanee Springport
Saint Charles Schoolcraft Smiths Creek Spruce
Saint Clair Scotts Smyrna Stambaugh
Saint Clair Shores Scottville Snover Standish
Saint Helen Sears Sodus Stanton
Saint Ignace Sebewaing Somerset Stanwood
Saint Johns Seney Somerset Center Stephenson
Saint Joseph Shaftsburg South Boardman Sterling
Saint Louis Shelby South Branch Sterling Heights
Salem Shelbyville South Haven Stevensville
Saline Shepherd South Lyon Stockbridge
Samaria Sheridan South Range Strongs
Sand Creek Sherwood South Rockwood Sturgis
Sand Lake Shingleton Southfield Sumner
Sandusky Sidnaw Southgate Sunfield
Sanford Sidney Spalding Suttons Bay
Saranac Silverwood Sparta Swartz Creek
Saugatuck Six Lakes Spring Arbor Sylvan Beach

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