FHA Home Purchase Loans - Minimum 3.5% Down
Looking for an affordable home loan that doesn’t require a large down payment? Look no further than the FHA Home Purchase Loan from Michigan Mortgage Solutions. This program offers low fixed rates and is perfect for first time home buyers with limited funds. Plus, even if your credit score isn’t perfect, you may still be eligible for this loan. So don’t wait any longer – call Michigan Mortgage Solutions today to learn more about the FHA Home Purchase Loan!
It’s important to know that FHA Loans require both an upfront mortgage insurance and a monthly mortgage insurance. The upfront mortgage insurance is 1.75% of the loan amount and it gets financed as part of the loan. The monthly mortgage insurance is 0.85% of the loan amount divided by twelve. The monthly mortgage insurance does not cancel and is paid until the loan is refinanced to a Conventional loan or paid off.
FHA Home Purchase Loan Highlights
- Low Down Payment Required - 3.5%
- 580 Minimum Credit Score
- Low Fixed Rate
- Eased Credit Requirements
For those searching for an affordable way to buy your first home, our FHA Home Purchase Loan may be perfect for you! With a low down payment and fixed interest rate, this program makes it easy for you to get into the home of your dreams. And because our Michigan Mortgage Solutions team is dedicated to providing outstanding customer service, you can rest assured that we’ll help make the process as smooth and stress-free as possible. So don’t wait – Contact Michigan mortgage Solutions at 248-963-1894 or click the Purchase Button below to get your low rate FHA Home Purchase Loan. Find out exactly how we can help you purchase your dream home today!
