Loan guides
Every way to finance a home in Michigan
Thirteen loan types actually get used in Michigan. Each guide below is the honest version — what it costs, who it fits, the requirements, and the local wrinkle nobody mentions — written for Michigan buyers, not a national template.
Buying a home
The loans that get you into a Michigan home — by credit, down payment, and buyer type.
FHA Loans
3.5% down at a 580 score — Michigan's first-time-buyer default.
Read the guide →VA Loans
Zero down, no monthly insurance, for Michigan veterans.
Read the guide →USDA Loans
Zero down for much of Michigan outside the metros.
Read the guide →Conventional Loans
The 620+ workhorse; PMI cancels at 20% equity.
Read the guide →Jumbo Loans
Above the conforming limit — Ann Arbor, Oakland, lakefront.
Read the guide →Bad-Credit Mortgage Options
Real options by score, from 500 up.
Read the guide →Tapping your equity
Borrow against a home you already own without disturbing a low first-mortgage rate.
Specialty & investment
Construction, land, manufactured homes, and rental-property financing.
Construction Loans
One-close build financing from Michigan banks.
Read the guide →Manufactured & Mobile Home Loans
Real-property vs chattel — the choice that sets your rate.
Read the guide →Land & Lot Loans
Vacant-lot loans and Michigan land contracts.
Read the guide →DSCR & Investment Property Loans
Qualify a rental on its cash flow, not your W-2s.
Read the guide →Not sure which fits? Start with today's Michigan rates, run the numbers in the payment calculator, or see whether you qualify for down payment assistance.