Applying For Government Home Loans Ann Arbor MI

Government loans are available through the FHA to those wanting to buy a home. In order to learn about applying, read the following article.

Local Companies

Countrywide
(734) 528-0997
4860 Washtenaw Ave Ste C
Ann Arbor, MI
University of Michigan Credit Union
(734) 662-8200
333 E William St
Ann Arbor, MI
Assurafirst Financial
(734) 222-7075
455 E Eisenhower Pkwy Ste 100
Ann Arbor, MI
Greenstone Farm Credit Services
(734) 769-2411
3645 Jackson Rd
Ann Arbor, MI
Owner Builder Loan Services
(734) 677-3000
2035 Hogback Rd
Ann Arbor, MI
Apple Auto Cash Express
(734) 662-3036
Ann Arbor, MI
Countrywide Home Loans
(734) 663-7033
Ann Arbor, MI
Crusader Cash Advance
(734) 528-9621
4890 Washtenaw Ave
Ann Arbor, MI
Check N Go Inc
(734) 213-8101
1912 W Stadium Blvd
Ann Arbor, MI
Bank of Ann Arbor
(734) 822-1500
3500 Washtenaw Ave
Ann Arbor, MI

Government loans are available through the FHA to those wanting to buy a home. FHA home loans help particular groups of people qualify for a home loan that they otherwise may not receive by guarantying the loan, which will be made by a regular lender. There are different types of home loans that the FHA will guarantee and you must meet all qualifications for your particular loan program. The following steps outline the best road to take in order to receive a loan that is guaranteed by the FHA.

  1. First, you should visit the FHA website to see if you can qualify for any of the loans they offer. There are three main loans available to those looking to purchase a new home:

    • A loan for first time homebuyers. You must be buying a home for the first time, meet credit qualifications, and be approved by an FHA lender to receive this loan.

    • A loan for those buying a home that needs repairs. The loan will pay for both the purchase price of the home, as well as the cost of fixing up the home. The only qualifications for this loanare you meet credit requirements andare approved by an FHA lender.

    • A loan for those who want to buy a mobile home or manufactured home. Qualifications for obtaining this loan are the same as those for obtaining a loan for buying a home that needs repairs (above).

    You must fall into one of these categories to receive a loan to buy a home through the FHA. They do also offer a loan for those wanting to upgrade their current home to make it more energy efficient, and they have a reverse loanavailable toseniors. Neither of these is for those wanting to buy a new home.

    ...

Click here to read the rest of the article at HowToDoThings.com

Author: Julie Bonner

Featured Local Company

Heritage Home Loans

248-478-5070
38345 W. Ten Mile
Farmington Hills, MI


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