Government-backed financing can be an excellent option for eligible buyers, but the property still needs to meet the applicable lender and program requirements. Condition, safety items, utilities, wells, septic systems and appraisal findings can affect the path to closing.

What to consider

The exact requirements depend on the loan program and property. Buyers should coordinate closely with their lender and real estate agent and avoid assuming that every repair or property issue can be handled after closing.

Get local guidance

Every property and transaction is different. For questions about a specific Lapeer County property, contact George Brennan at (810) 614-1026.