Getting to Know FHA Loans in Michigan
Marc Edelstein connects soon to be home buyers with lending options that meet their specific needs. We offer Government backed loans that are insured by the Federal Housing Administration (FHA). FHA Loans are a unique mortgage option that have a wealth of benefits. This loan can help potential homebuyers purchase a property where they otherwise might not qualify for a conventional mortgage. Marc Edelstein helps his clients in Novi, Northville, Plymouth, Livonia and the whole state of Michigan. Contact Marc Edelstein today to schedule a consultation to learn more information about FHA Loans in Michigan.
The FHA loans were created to help support homebuyers purchase a property and protect lenders in case they were to default on their mortgage. The FHA does not provide the loan but insures it to a certain amount. With the insured FHA loan our lending partners has increased security and encourages us to accept more loan applications. Marc Edelstein provides competitive FHA rates.
Who Can Get an FHA Loan in Michigan?
FHA loans were created for people with less than perfect credit history and who are unable to put down a large down payment. Some candidates for an FHA loan in Michigan include people who:
- Have less than perfect credit history
- Are planning on living in their home as a primary residence
- Want flexible term options or a fixed interest rate
- Can benefit from a low down payment (3.5% in many cases)
- Have filed for bankruptcy or foreclosure in the past (with stipulations)
Working with a Qualified Lender
Choosing to work with Marc Edelstein of Ross Mortgage can help the homebuying process go smoothly. With over 17 years of experience Marc Edelstein knows how to match each client with the right loan that works for them. Marc Edelstein can help you get pre-approved which gives you leisure to focus on the actual home search! To learn more about FHA loans in Novi, Northville, Plymouth, Livonia and the whole state of Michigan contact Marc Edelstein today.