• 248-308-5000

We Will Help You Choose
The Right Loan!

mortgage types of loans


Fixed Rate Loans

  • Fixed periods of 8- to 30-years available.

  • Buy a home with as little as 1% down (primary home).

  • Refinance up to 97% of your primary home's value.

  • Monthly payments remain the same for the entire loan term.



Adjustable Rate Loans

  • 5/1, 7/1, and 10/1 ARMs. Monthly payments based on a 30 year repayment schedule.

  • The rate stays fixed for the first 5, 7, or 10 years (depending on chosen term), and then adjusting annually thereafter.



FHA Loans

  • 3.50% down payment required on purchase.

  • Extremely Flexible Credit Guidelines with Minimum credit scores as low as 620.

  • Post-bankruptcy qualifying - 2 years after.

  • Post-foreclosure qualifying - 3 years after.



VA Loans

  • Competitive interest rates that are routinely lower than conventional rates.

  • Sellers can pay up to 4% of closing costs and concessions.

  • Higher allowable debt-to-income ratios than for many other loans.

  • 100% cashout and 0% down payment for Purchase loans.



USDA Loans

  • 100% financing with no down payment needed.

  • Wide range of credit scores allowed, minimum of 580 credit score.

  • No cash reserves required

  • Seller can pay buyer's closing costs.



Nontraditional Loans



  • We offer a variety of nontraditional loans.

  • For more information, please give us a call at 248-308-5000. Thank you.