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Many Michigan borrowers work in industries such as healthcare, transportation, construction, and consulting, where per diem compensation is common. However, major mortgage programs, including FHA, USDA, and Conventional loans, have strict rules regarding whether this...
One area that often raises questions during underwriting and appraisal is the wastewater system, specifically whether the home uses a septic tank or a cesspool. While both are off-site sewage systems, they function very differently, and those differences can impact...
Timing matters in every Michigan home loan, especially when it comes to mandatory waiting periods. One of the most common sources of confusion for borrowers (and even some professionals) is the distinction between the 3-day waiting period in the Closing Disclosure...
We help Michigan borrowers leverage their full financial picture, not just what shows up on a W-2. Here’s a real-world example of how asset utilization can make a difference: Borrower purchasing a second home in Michigan Owns a primary residence and two investment...
One of the most powerful tools in today’s lending landscape, especially for borrowers with strong liquidity but limited or no income, is the Assets Only Mortgage Program. And our latest closing in Pontiac, Michigan is a perfect example of how this program can help...
When applying for a mortgage in Michigan, one of the most important parts of the process is documenting stable, reliable income. While many borrowers qualify using W-2 wages or business income, some Michiganders rely on alternative income sources, especially retirees,...
What Michigan Borrowers Need to Know About FHA, Fannie Mae, and Freddie Mac Requirements Manufactured homes remain an affordable and popular housing option throughout Michigan, especially in communities across Lansing, Grand Rapids, Flint, and Northern Michigan....
One of the most beneficial guidelines we offer involves housing allowance income tied to employer relocation programs. Most lenders require a 12-month history of receipt before counting certain income types toward qualification. But in Michigan, where relocation is...
A Helpful Option for Borrowers on Maternity Leave or Temporary Leave Buying a home in Michigan isn’t always a straight path, especially if you’re stepping into the process during maternity leave, short-term disability, or any temporary reduction in income. The good...
When you live and work in Michigan, it’s common to have income that fluctuates, whether due to seasonal industries, changing shifts, overtime, bonuses, or multiple employers. FHA has very specific rules for borrowers with fluctuating or variable income, and...
Our Non-QM Home Loan programs provide the financing you need to qualify and succeed in Michigan’s competitive mortgage market. Our Non-QM programs open doors for borrowers who deserve credit beyond conventional limits. With No Ratio DSCR loans available, Michigan...
The short-term rental market continues to grow, creating new income opportunities for real estate investors nationwide. We’re helping Michigan investors capitalize on this booming segment with our DSCR Investor Loans, designed explicitly for properties listed on...