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FHA Construction Options FHA Construction programs allow for as little as 3.5% down payment and a 30-year fixed loan after the home is completed. 1 2 of 3 HomeStyle Renovation If you are working with a contractor, but not building a new home, the fixed rate of a HomeStyle Renovation loan may be best for you.
Which Home Loan is Right for You? 3 of the most popular Michigan home loans we provide here at ICON Mortgage Michigan are listed below. We’ve highlighted just a few of the key differentiators between these mortgage types that will help you understand which one may be best suited for your needs.
Single Family Housing Guaranteed Loan Program in Michigan. Eligible applicants may build, rehabilitate, improve or relocate a dwelling in an eligible rural area. The program provides a 90% loan note guarantee to approved lenders in order to reduce the risk of extending 100% loans to eligible rural homebuyers.
Mortgage Lenders In Michigan – If you are looking for a quick way to refinance your mortgage payments – we can help you, just visit our site for more information. Besides getting a loan with a fixed rate if it does not go when you least expect and more "small" such as costs or repay early there are closing costs of refinancing mortgages.
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Well, we have good news for you. Whether it’s painting, new appliances, storm windows and doors, or basement remodeling, section 203k loans enables homebuyers and homeowners to finance up to an additional $35,000.00 of repairs for updates and improvements into a single mortgage.
That’s why we make it easy for members in Grand Rapids and Lansing, Michigan and beyond to get a Construction Loan or Vacant Land Loan for their unique project. If you have any questions about the process, contact a Mortgage Specialist at [email protected] or 616-825-HOME.
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