Lender review
Ross Mortgage Corporation review: what Michigan borrowers should know
Best for: metro detroit buyers who want a 75-year local lender fluent in mshda
- Headquarters
- Troy, MI
- Founded
- 1949
- NMLS
- #107716
- Min. credit score
- 620
- Min. down payment
- 3%
Ross Mortgage has originated Michigan home loans from Troy since 1949, which shows in how routinely it handles MSHDA down-payment assistance, USDA zero-down files, and renovation loans that trip up out-of-state lenders. It's a genuinely local independent — not a call center — best suited to buyers who want a Michigan loan officer who has seen their situation many times before.
Three-quarters of a century in one market teaches a lender the local terrain. Ross Mortgage has been writing Michigan home loans out of Troy since 1949, and that longevity shows in how routinely it moves MSHDA down-payment assistance, USDA zero-down files, and renovation loans through underwriting without the fumbling out-of-state lenders often display.
The practical upshot for a metro Detroit buyer is a loan officer who has seen your exact situation many times before, working for a genuinely local independent rather than a national call center. Renovation and construction options round out a menu built for older housing stock and first-time programs.
Ross trades national scale for that closeness. It's smaller and less recognized than the big brands, pricing is set by the individual loan officer rather than posted online, and its strength is concentrated in the Detroit metro. Buyers in the far west of the state or the U.P. may find the local advantage thinner.
What works
- Three-quarters of a century of Michigan lending experience
- Fluent in MSHDA down-payment assistance and USDA zero-down
- Renovation and construction options many big lenders skip
What to watch
- Smaller than the national lenders, with less brand recognition
- Pricing is set by the loan officer, not posted online
- Footprint is strongest in metro Detroit
Loan programs at Ross Mortgage Corporation
Which core Michigan loan types Ross Mortgage Corporation offers, with the typical minimum down payment for each program. Program floors are industry standards — Ross Mortgage Corporation's own minimums or credit overlays may run higher.
| Loan program | Offered | Typical min. down |
|---|---|---|
| Conventional | ✓ Yes | 3% |
| FHA | ✓ Yes | 3.5% |
| VA | ✓ Yes | 0% |
| USDA | ✓ Yes | 0% |
| Jumbo | ✓ Yes | 10–20% |
| Construction | — No | — |
Also offers: Renovation.
Where Ross Mortgage Corporation's credit bar sits
Ross Mortgage Corporation's roughly 620 minimum sits in the good credit range. Plotted below: where a 620 minimum lands on the credit spectrum, versus the 620 median for Michigan lenders in our data.
| Ross Mortgage Corporation | Michigan median* | |
|---|---|---|
| Editorial score | 4.1 / 5 | 4.0 / 5 |
| Min. credit score | 620 | 620 |
| Loan programs offered | 6 | 5 |
| Michigan-headquartered | Yes | — |
*Median across the 55 Michigan lenders in our catalog.
How Ross Mortgage Corporation's rates and offers compare
Before committing, pull a same-day quote from at least two competitors — pricing gaps of 0.25% are common for identical borrowers. Start with John Adams Mortgage, Gold Star Mortgage Financial or Riverbank Finance, then compare Loan Estimates line by line. Today’s Michigan averages live in our Michigan rate table.
Ross Mortgage Corporation: frequently asked questions
What are Ross Mortgage Corporation's mortgage rates in Michigan?
Ross Mortgage Corporation doesn't post one rate — like every lender, its pricing turns on your credit score, down payment, loan size and the day you lock. It doesn't publish live rates online, so you'll need to request a personalized quote. The reliable move: pull a written Loan Estimate from Ross Mortgage Corporation and set it beside this week's Michigan averages in our rate table, comparing on the same day.
Is Ross Mortgage Corporation a legitimate mortgage lender?
Yes. Ross Mortgage Corporation is a licensed mortgage lender registered under NMLS #107716 and lending since 1949. That license and its full regulatory history are public at NMLS Consumer Access. Our editors give it 4.1/5 for Michigan buyers; placement here cannot be bought.
What credit score do you need for a Ross Mortgage Corporation mortgage?
Ross Mortgage Corporation generally looks for a credit score around 620 on its most common loans. Its FHA loans can go lower — often to 580, or 500 with a larger down payment — while conventional and jumbo loans usually want higher scores. Loan type and overlays move that number, so confirm your own threshold before counting on 620.
Does Ross Mortgage Corporation offer FHA, VA and USDA loans?
Ross Mortgage Corporation offers FHA, VA and USDA loans to Michigan borrowers. It covers the full government-loan menu. Its complete Michigan lineup is Conventional, FHA, VA, USDA, Jumbo, Renovation.
Does Ross Mortgage Corporation lend in Michigan?
Yes — Ross Mortgage Corporation is headquartered in Troy, MI and is a Michigan-based lender, so Michigan purchases, refinances and state programs such as MSHDA down-payment assistance are everyday business rather than an afterthought.
Will Ross Mortgage Corporation sell my mortgage after closing?
It may. Many lenders sell the servicing rights to a loan after closing, so ask Ross Mortgage Corporation directly whether it retains servicing or transfers it — your rate and terms won't change either way.
Independent and unpaid — Ross Mortgage Corporation did not pay for placement. How we score every lender (and where our rate data comes from) is set out in our editorial policy. Figures reflect public information as of 2026-07-01 and can change; the only rate that binds a lender is a written Loan Estimate. Verify the license at NMLS Consumer Access (#107716).