Michigan is a beautiful state with a lot to offer.
Economic opportunities aplenty and incredible outdoor recreational activities galore are both big draws to our warm and welcoming state. If you want to own a home in MI, you will need to find a loan that is an ideal fit for your needs. Mortgage City can connect you with a mortgage that is flexible and affordable.
We offer the following types of home purchase loans:
Conventional conforming mortgages fit within the Fannie Mae and Freddie Mac loan limits, and may feature interest rates as low as 3%.
You can qualify for an interest rage as low as 3.5% even without a perfect credit score if you are eligible for an FHA mortgage. This type of home loan is guaranteed by the Federal Housing Administration.
For Michigan veterans, active-duty service members and eligible surviving spouses, a mortgage insured by the Department of Veterans Affairs provides the opportunity for zero down financing on a home.
If you are shopping for a home in a rural part of Michigan or Florida, consider a USDA mortgage insured by the US Department of Agriculture.
With so many options available, there is a ideal type of mortgage for every MI homebuyer. But you may not know how to choose the right type of loan.
You need to consider two factors:
Qualification criteria that determine the types of mortgages and rates you are eligible for include you credit score, DTI ratio, income, down payment ability, employment status, and military service record (if applying for a VA loan).
As far as assessing your goals, you should ask yourself questions such as, “How long will I live in this house? What is my monthly budget?”
We can help you figure out which questions to ask during your consultation. We have walked many homebuyers through the process of finding the right loan.
Here are some reasons to consider working with us:
We are ready to help you move into the home of your dreams in Detroit, Royal Oak, or anywhere in Michigan. We also can help you purchase a home in Florida, New Hampshire, Ohio, Massachusetts, Texas, California and Indiana. Get started now by calling (248) 930-8709 to schedule your consultation. We can’t wait to work with you.
Mortgage City NMLS #2007168. All information contained herein is for informational purposes only and while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs, and underwriting policies subject to change without notice. This is not an offer to extend credit or commitment to lend. Although and subject to underwriting approval. Some products may not be available in all states and restrictions apply.