FHA Loans
I help first-time and repeat buyers across the Upper Peninsula use FHA loans to buy with as little as 3.5% down, or $0 down for borrowers who qualify for down payment assistance. FHA is a great fit for Marquette's starter homes and condos, and I work with FHA lenders that accept lower credit scores than most banks.
How is a mortgage broker different than a bank? Don't I have to pay you separately?
A bank can only offer you its own loan products at its own prices. As a mortgage broker, I shop your loan across 200+ banks and specialty lenders to find you the best combination of interest rate, fees, and terms — then you pick the winner. And no, you don't pay me separately: the banks pay me directly for bringing them business. Getting 200+ lenders competing for your loan costs you nothing extra.
What credit score do I need for an FHA loan in Michigan?
Most FHA lenders want a 580 score for 3.5% down. I work with FHA lenders that go down to 500 FICO — call me and I'll tell you honestly where you stand.
Can I use an FHA loan to buy a home in Marquette, MI?
Yes. FHA loans work anywhere in Michigan's Upper Peninsula, including Marquette, Houghton, and Escanaba. The home must be your primary residence and meet FHA property standards.
Should I choose FHA or conventional in the Upper Peninsula?
It depends on your down payment and credit. FHA allows 3.5% down with lower credit scores but carries mortgage insurance; conventional can drop PMI at 20% equity. I run both scenarios side by side so you can compare real numbers. I can even do zero down payment for borrowers that qualify for down payment assistance.
Have Any Questions?
Every situation is different, and the answers above are just a starting point. Call or text me and I’ll walk you through your options and tell you honestly where you stand. No pressure, no obligation.
Ready to Apply?
Start your mortgage application online. My secure portal walks you through each step, and I’ll be with you the entire way.
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