Feb 03, 2012

Huron Valley Financial

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  One -  Understanding Mortgage Options

Rural Development 100%  30-year fixed rate mortgage.   The government has done it right with this program.  Allows you to finance up to 103.5% of the appraised value.  It will even allow you to include new appliances. No monthly mortgage insurance. (PMI) You may have a zero down payment and have the seller contribute up to six percenrt of the sales price towards your closing costs and pre paid items such as taxes and insurance.  Loan Checklist

FHA 30 or 15 Year Fixed Rate Borrowers can purchase a home for as little as 3.5% down payment. Borrowers with less than perfect credit can breathe easily, as  underwriting guidelines are more relaxed. A powerful tool is in your hands with FHA. Great option for first time or repeat home buyers. Loan Checklist

Conventional Financing 5%, 10% 15% or 20% down payment. Terms as a 10, 15, 20, 25 or 30 Year Fixed Rate Mortgage.  This is a traditional type mortgage. Credit criteria is reserved for those with higher credit scores. With less than a 20% down payment private mortgage insurance (PMI) is required.  However with enhanced PMI programs available, you may choose to finance the insurance amount, have no monthy PMI payment and save thousands over the loan loan life. Loan Checklist

VA 15 or 30 Year Fixed Rate  VA loans are a great way to finance a home up to 100% of the purchase price. If you are a Veteran, this program has many benifits for you and your family. Loan Checklist

 Two - Getting   Pre - Approved  Today   

Before making formal application, you may click our Pre-Qual Calculator. This enables you to become comfortable with what payment or mortgage amount you can afford.  Then by Applying On-Line  your application is received immediately! We will be notified by email and be prompted to return to our secure server to retrieve your application.  Also make sure to print the Loan Checklist.  We hope to serve you well.

 Understanding Huron Valley Financial 

Huron Valley Financial have convenient locations in Howell, Brighton, Ann Arbor, Fenton and West Bloomfield, Michigan.   We provide Mortgage Financing for new home purchases and home refinancing.  We also have a vast knowledge of financing Bank Owned, Bank Repos,and Foreclosures. A great deal awaits you when you buy a foreclosed home. Short sales are another great way to obtain home ownership.

Today's real estate market offers one of the most cost effective time in history to buy a new home. With the inventory of foreclosed properties, also known as Bank Repos, or REOS (Real Estate Owned), it becomes an incentive and a golden opportunity for first time home buyers here in Livingston County, Michigan. 

With great deals in the Brighton, Hartland, Howell, Hamburg, Pinckney, South Lyon, Milford, Fenton, and surrounding areas.  There are even better deals to be found in the Fowlerville area, with more acreage available if that is your objective in searching for a new or existing home.

Financing options are plentiful with the FHA, VA, Conventional and Rural Development 100% financing programs. The FHA 203k program also allow you to borrow the money for financing if any repairs are necessary to bring one of these foreclosed homes to minimum standards to pass inspection for mortgage financing.

Our Howell office serves clients in Howell, Brighton, Fowlerville, Whitmore Lake, Fenton, Pinckney, Hartland, Milford, South Lyon, New Hudson and the Ann Arbor areas in Southeast Michigan.
 
Our Locations serve our clients in Livonia, Westland, Garden City, Redford, Canton, Plymouth, Farmington, Southfield, Novi, and Northville areas in South East Michigan.  We hope to serve you well in all of your mortgage needs.

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