People's Mortgage
Financial Services in Dearborn, MI
Your personal circumstances such as amount of down payment, income, credit history and loan to value for refinances are among the many factors that dictate which mortgage program(s) and interest rates you will qualify for. Mortgage rates fluctuate daily, sometimes re-posting serveral times on any given day dependent upon economic reports, daily Treasury bill rates and market volatility. Mortgage rates vary upon the region in the country. For instance, the rates in the Northeast tend to be higher than the Midwest, while rates in the Southwest are lower than the Midwest.
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Northville FHA Loans
read moreAn FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable. We're here to make the FHA home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our FREE FHA Loan Qualifier.
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