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zero down loans: Mortgage News You Can Use - 08/29/07 03:15 PM
              August 29,  2007
 
Update:  100% financing is still available.  The availability is dependent upon credit score, reserves after closing, and income levels.  Appraisal are being scrutinized very carefully as we are in an area with declining values.
Rural Development Loans-We participate in the program and it's a great product once you get outside of Ann Arbor and Ypsilanti.  In fact, the rest of Washtenaw County, all of Lenawee and Livingston Counties are eligible for Rural Housing loans.  These are 100% loans with no mortgage insurance.   Please contact us for more information.
Private Mortgage Insurance-The use of pmi is rapidly expanding as combination loans … (0 comments)

zero down loans: Zero Down Loans - 12/11/06 01:38 PM
More and more of my clients in the Ann Arbor area are buying homes with no down payment loans.  In the 1990's it was very rare for someone to buy a home in Washtenaw County without some sort of down payment (except for VA loans which always offered a no down payment loan).  In 1996 we were able to offer our clients in Michigan a government sponsored loan for rural properties that would allow 100 % financing.  We advertised the program and were able to help a lot of first time home buys buy homes with only a few hundred dollars … (5 comments)

 
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David Crisp

Ann Arbor, MI

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Ann Arbor Mortgage

Address: 2200 Green Road, Ann Arbor, MI, 48105

Office Phone: (734) 669-5860

Cell Phone: (734) 646-5641

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