FHA Loans
The Federal Housing Administration (FHA) insures the loans for this program making it possible for buyers who may have limited cash availability, low to moderate income, and lower credit scores to purchase a home.
Take a look at the many great benefits of using the FHA Loan programs:
- Easier borrower qualification
- Low minimum down payment requirement- just 3.5%!
- Gifts and government down payment assistance are acceptable sources for the down payment
- Great rates that are comparable to conventional loan rates
- Lower mortgage insurance premiums, and under certain conditions, automatic cancellation of the premium
- Limited closing cost fees (e.g., the origination fee cannot exceed 1% of the mortgage loan)
- Loans can be assumable to qualified buyers
- State down payment assistance programs, like MSHDA , are allowed
- Renovations and repairs can be included when financing with the FHA 203k Renovation Loan
Contact me today to see if this is the right loan program for you!
Latest Blog Post
When to Refinance My Mortgage in Kalamazoo: Your 2026 Financial Flight Plan
What if the “perfect time” to adjust your financial flight path isn’t a distant destination, but a specific set of coordinates you’ve already reached? With Kalamazoo home prices climbing 8.7% over the past year, many neighbors are sitting on significant equity but feel grounded by the confusion of closing costs and breakeven points. Deciding exactly when to refinance my mortgage in Kalamazoo requires more than just watching national headlines; it demands a local perspective on how to use your home’s value to gain better financial lift.
It’s completely normal to feel a bit of turbulence when you consider resetting your loan term or navigating Michigan’s 6.56% average refinance rates. You want to ensure that any move you make provides a smoother journey, whether that’s through lower monthly payments, a faster path to a debt-free home, or a cash-out for those long-awaited renovations. This 2026 flight plan will show you how to read the local market signals and calculate your precise trajectory. We’ll break down the real costs of refinancing in Kalamazoo County and help you determine if the current conditions offer the clear skies you need to reach your goals.
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