if you are buying in dearborn, reconsider!!! they are crooks and liars. its evident by a building and safety department employee being found guilty of accepting bribes. but i knew this long before this conviction took place. If you are looking to get a certificate of occupancy, good luck!
they actually created a new department, closed the old building and safety office upstairs(its now some sort of fire department) and gave all these crooks new jobs with new titles.
do not buy in dearborn!!! especially with rehab or foreclosed houses. they hold you to a different and unfair standard of doing repairs. i have first hand experience with them. they did a blanket inspection and passed it off as real, when i dont believe an inspector stepped foot in the house. they stated in the inspection report certain things needed to be repaired when in fact they didnt. the plumbing was determined to be changed, when in fact the water had been turned off pre-inspection, figure that one out??? i asked the inspector how he concluded the plumbing needed replacing, his reply was i have 20 years experience. when i had the water turned on, the water never leaked.
im telling you people this is not propaganda, only the truth as i have experienced. they will make your life a nightmare it will cost you a fortune to live in a city that is way past its prime.
I wanted to second Vconverter, stay away from city of dearborn, especially if the house is not up to code, get the inpsection report and see how much the escrow is, if it is higher than 10K, then without thinking don't buy the house, the inspectors will make your life hell and they will look for ways to complicate getting the house up to code, they are just looking for bribes (tips), so please reconsider buying in city of dearborn, you are better off buying in Dearborn Heights zip code 48127 is the best in this area.
If your current lender has provided you with good service up until this point then I would recommend sticking with them. If you decide to look around at other lenders, I would check around with 2 or 3 lenders who are local and reputable, and also when interviewing them make sure they are experienced in financing HUD homes.
There are a lot of complicated factors involved in purchasing one of these homes, and the lowest rate in the world won't matter a bit if they cannot get your loan closed as promised and the deal falls apart. Then you could possibly lose any money you've invested into the transaction, including inspections, appraisal, etc
Best of luck
When looking for a mortgage, I would recommend you avoid FHA loans. They are usually harder to get processed when dealing with any foreclosed property