Michigan mortgages have received a little help from FHA. FHA has raised the loan limits for Wayne County, Oakland County, Macomb County, and Livingston County to $297,500. The loan limits for Washtenaw County and Ann Arbor was raised to $345,000. FHA may become a loan option many Michigan borrowers to consider if they do not have 5 -10% to put down. By raising this limits it will help many Michigan borrowers to buy a Michigan home.
FHA loans are much easier to get than they were years ago. The FHA home inspections are much more lenient than they were years ago. When looking for a refinance choice ask your lender about a FHA loan. It may be a good option for you. For more Michigan Mortgage information, credit information, buyer tips, sellers tips, go to my website at www.RussRavary.com
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