About Michigan first mortgage
Michigan First Mortgage: Your Trusted Partner for Home Loans
Are you looking to buy a new home or refinance your existing mortgage? Look no further than Michigan First Mortgage, the premier provider of mortgage lending services in Michigan. With over 90 years of experience in the financial industry, we have helped thousands of families achieve their dream of homeownership.
At Michigan First Credit Union, we understand that buying a home is one of the most significant investments you will make in your lifetime. That's why we offer a wide range of mortgage options and services to help you find the right loan for your needs and budget. Whether you are a first-time homebuyer or an experienced homeowner, our team is here to guide you through every step of the process.
Our Mortgage Lending Options
We offer several types of mortgages to suit different needs and preferences:
1. Conventional Mortgages: These are traditional mortgages that conform to Fannie Mae and Freddie Mac guidelines. They typically require a down payment between 3% and 20% and have fixed or adjustable interest rates.
2. FHA Loans: These are government-backed loans that allow borrowers with lower credit scores or smaller down payments (as low as 3.5%) to qualify for financing.
3. VA Loans: These are loans available exclusively to veterans, active-duty military personnel, and their spouses. They offer competitive interest rates, no down payment requirements, and flexible qualification criteria.
4. Jumbo Mortgages: These are non-conforming loans that exceed the maximum loan limits set by Fannie Mae and Freddie Mac ($548,250 in most areas). They may be suitable for high-income earners who need larger loan amounts.
5. Refinance Loans: If you already own a home but want to lower your monthly payments or shorten your loan term, we can help you refinance your existing mortgage at competitive rates.
Our Services
In addition to our diverse range of mortgage products, we also provide various services designed to simplify the lending process:
1. Pre-Approval: Before house hunting begins it’s important get pre-approved so when it comes time make an offer on a property there won’t be any surprises about what kind financing is available.
2.Mortgage Calculators - Our online calculators can help estimate monthly payments based on different scenarios such as interest rate changes or lengthening/shortening terms.
3.Home Buying Seminars - We host seminars throughout year where attendees can learn about all aspects buying homes including how much they should save up before making purchase decisions.
4.Personalized Guidance - Our team will work closely with each borrower from start-to-finish ensuring they understand all aspects involved with obtaining financing while answering any questions along way.
Why Choose Michigan First Mortgage?
There are many reasons why Michigan residents choose us as their preferred lender:
1.Experience – We’ve been helping people finance homes since 1926 so our team has seen just about everything when it comes getting approved for mortgages.
2.Competitive Rates – We strive provide best possible rates without sacrificing quality service which means more money saved over life loan term!
3.Flexible Terms – Our variety options allows borrowers choose terms fit specific needs whether short-term goals like paying off debt quickly long-term goals like building equity faster than standard amortization schedules would allow
4.Personalized Service – Every borrower receives personalized attention from start-to-finish ensuring they feel comfortable throughout entire process
5.Convenience – With multiple locations across state plus online access via website mobile app makes applying easy convenient!
Contact Us Today!
If you're ready take next step towards homeownership contact us today! One our experienced lenders will be happy answer any questions may have while guiding through entire process from application closing table beyond!
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