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Buying your first home today is much easier with many programs designed just for you, many of these programs require zero to little down payment. For most applicants I will have an approval in less than 30 minutes, and paperwork on your part has been greatly reduced. If you or your realtor requires a Pre-Approval letter for the seller it is faxed out the same day. The mortgage programs listed are available for a regular salary individual or if you are self employed or receive commission. In almost all loans, you can finance in your closing costs, so virtally nothing will be required at close. Most programs are designed so that you do not have mortgage insurance. Programs are available for almost all credit grades, from perfect credit history to those that have had payment history problems, and have a lower credit score.
¤ 100% on nonconforming loans down to a 580 credit score. ¤ FHA with very low credit scores, also have national gift programs for zero down. ¤ VA with zero down, use your VA benefit up to a $240,000 purchase. ¤ Rural Developmet a 102% program, available for most counties in Michigan. ¤ Teacher, Police or Fire employees or administration, secretary, etc, 100% programs. ¤ Home Equity only loans up to 95%, with no mortgage insurance - very low payment. ¤ Nonconforming loans with only 5% down with a 560 credit score. Programs are available to fit many standard and unique situations, many of these include:
¤ Recent or new college grad or relocation transfer to Michigan. ¤ Stated income - for those that have hard to verify income or are self employed. ¤ No income & no assets (NINA), proving job or assets is difficult. ¤ Most of the above programs are for residential, duplex or condo's. ¤ All programs can have the closing cost financed in for your lowet out of pocket costs. ¤ No Mortgage Insurance on most mortgages programs available.  |