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Michigan FHA Loan...
FHA home loans allow first time home buyers and current home
owners to purchase their new home with only a 3.5% down payment and allows the
seller to pay up to 6% of the sale price towards your closing costs keeping your
out of pocket expenses low!
Compare
this loan to other loan options.
Features
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3.5% down payment.
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Seller can pay up to 6% of the sale price towards your
closing costs.
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Low monthly mortgage insurance (lower
than conventional) (PMI).
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Loan limits apply and
vary by county.
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No geographic restrictions.
General Requirements
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Credit score minimum of 620
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No previous mortgage loan late payment in the past 24 months.
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No foreclosure in the past 36 months. Must have
rebuilt credit.
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No bankruptcies in the past 24 months. Must have
rebuilt credit.
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All court ordered judgments MUST be satisfied or have a
satisfactory payment history.
APPLY ONLINE!
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County Limits
Streamlined 203(k) Limited Repair Program
Michigan
Mortgage Rates
FHA Calculator & Cost Estimator
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