Lender review
Ross Mortgage Corporation review: what Michigan borrowers should know
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.
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%
- MSHDA MI Home Loan
- Approved lender
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
The full picture on Ross Mortgage Corporation
Ross Mortgage has written Michigan home loans out of Troy since 1949, and three-quarters of a century in one market teaches a lender the local terrain. That longevity shows in how routinely it moves specialty files through underwriting.
Fluent in MSHDA
The practical upshot for a metro Detroit buyer is a loan officer who has seen your exact situation many times before.
The tradeoff
Ross is smaller and less recognized than the big brands, and pricing is set by the individual loan officer rather than posted online.
Its strength is concentrated in metro Detroit, so buyers in the far west or the U.P. may find the local advantage thinner.
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. Below, that 620 floor is plotted against the four broad credit tiers and the 620 median for the 55 Michigan lenders we track.
| 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.
Compare: John Adams Mortgage Gold Star Mortgage Financial Riverbank Finance This week's Michigan rates
Ross Mortgage Corporation: frequently asked questions
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. That 620 is a floor, not a promise: every lender layers on its own overlays, and approval still turns on your income, debts and the property.
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 2026-07-16 and can change; the only rate that binds a lender is a written Loan Estimate. Verify the license at NMLS Consumer Access (#107716). MSHDA status reflects the state's MI Home Loan lending-partners list dated June 12, 2026, which changes over time.