FHA mortgages are great for the home buyer who has lower credit scores or needs a lower down payment.
FHA minimum down payment is 3.5%. There is not a minimum credit score with FHA but most mortgage companies will need a 580 credit score.
Other FHA Loan programs include..
First time Home Buyers Programs
First Time home Buyer Down Payment Assistance Program. For Additional details on the MSHDA First Loan go here
FHA Loan with MSHDA Next
Previous Home Buyers Down Payment Assistance Program. For Additional details on the MSHDA Next Loan go here
FHA 203k Streamline Renovation Loan
We are experts with this loan. This loan will allow you to roll certain renovation costs up to $35,000 including appliances into the loan amount. For additional information on 203k loans in Livonia Mi go HERE
FHA Streamline Refinance Program
Refinance from an existing FHA mortgage to another without an appraisal and save MONEY! FHA has lowered the private mortgage insurance on new loans by .5% (1/2%).
This is a significant savings and coupled with today’s low interest rates you can save even more money.
Located about 15 miles northwest of downtown Detroit, Livonia is home to five different colleges and universities.
Major businesses include Ford Motor, General Motors, TRW, Tower and UPS to name a few.
It is a large suburb with an array of traditional neighborhoods.
Easy access to I-275 and I-96 make it east to get to most destinations in metro Detroit.
Median house hold income is about $70,000
It has an average home sale price of around $160,000.
Schools in Livonia Mi
Livonia Public Schools
Clarenceville School District
Warren Dale Academy
Academy Of Westland Charter Schools
Livonia Police Department
15050 Farmington Rd, Livonia, MI 48154
Livonia Mi has five zip codes which is 48150, 48151, 48152, 48153, 48154
To see if you qualify for a home mortgage Apply Here or call me, Greg Kitchen at 586-997-3533.
I will analyze your situation and recommend the lowest cost options for your situation.
It was great working with you – below is my testimonial review, please let me know if you need anything else. Greg was wiling to go out of his way to help me during my mortgage process. He answered questions and was also responsive after hours, met me at my work to complete paperwork and was always available when needed to address any concerns. I am very pleased with the service that Greg and Cranbrook Loans have provided and I would highly recommend them to others. Thanks,
Get a Credit of $400 towards the cost of your appraisal! Mention Code gk400
Down Payment Assistance is Now Available For Qualifying Home Buyers!
You May Own A Home For As Low As 1% Of Your Own Funds.
Call Greg Kitchen Today To
See If You Qualify
Or Fill Out The Form Above!
Cranbrook Loans has a long history of originating loans in Michigan. For over 20 years we have provided Michigan residents with mortgage financing to help fulfill the american dream of home ownership.
FHA Mortgages are one of the easiest ways to qualify for a mortgage especially for a first time home buyer. This site will guide you through what it takes to qualify for a FHA mortgage, from credit, income,and mortgage insurance. We are here to answer your questions and to help you close your loan in as little as 3 weeks.
View our testimonials page to hear from some of our raving fan clients! We survey every client at closing and we can boast a 98% approval for customer satisfaction.
We take a team approach on every loan application.
You will be treated as a valued customer and not just another number walking into a bank!
No surprises at closing! If your closing costs are more than we quote in writing we will pay the difference!
Call us today or submit your information below to receive a prompt, no obligation , no pressure, return call.