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Loans To Buy A Home

FHA & VA Loans, Conventional & Jumbo Loans, 203K Loans, Zero-Down Loans & more!

Advantage Lending Corp has the best home purchase programs and rates in Michigan.  Whether you’re a first time home buyer, buying your next home, buying your dream house, or refinancing, we offer programs and rates that fit your needs. Let us help you get pre-approved BEFORE you start looking to buy a home, and read about some of the Michigan home loan programs we offer.

Choosing Your Home Mortgage

How Do You Know What Type of Home Purchase Loan to Choose?

Several factors influence your eligibility for certain types of mortgages in Michigan as well as what types of loans may be most suitable to your needs.

Key factors such as your credit score, debt-to-income (DTI) ratio, income, and financial history are all taken into consideration when determining your eligibility for different types of home loans in Michigan. Also, for VA mortgages, your service record is also a factor.

Furthermore, you need to think about what type of mortgage will help you to achieve your goals as a homeowner. Questions to ask yourself include:

  • Do you plan to stay in your new home for just a few years, or a few decades?
  • How much can you afford to put down on a home?
  • What kind of financial liquidity do you require in the coming years?

During your free home loan consultation, we can help you answer these questions and other important questions to help you determine what type of mortgage will be a fit for your needs.

Moreover, we can review your qualifications in detail and let you know what you are eligible for and what specific home mortgage plan works best for you and your family.

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Our Home Loan Programs

Conventional Loans

Used for Primary Residence, Second Homes and Investment properties.

First-Time Buyer Home Loans

No or low-down payment options, home buyer grants & more.

HELOCs & Second Mortgages

Access the equity in your home without refinancing your existing mortgage.

FHA Loans

Used for Primary Residence only and are HUD insured.

FHA Streamline Refinance

A FHA Streamline is a mortgage with reduced documentation, does not require an appraisal.

USDA Zero-Down Loans

Used for Primary Residence only and are HUD insured. Typically rural properties.

Jumbo Loans

Used for Primary Residence, Second Homes and Investment properties. Loans over $647,200.

Fixed Rate Mortgages

Available on all loan types: Conventional, FHA, VA, RD Loans, Reverse Mortgages, & more.

Reverse Mortgages

Used for Primary Residence only and are HUD insured. Must be 62 years of age or older.

VA Loans

Used for Primary Residence only and are insured by the Department of Veterans Affairs.

Bank Statement Non-Conforming Loans

Used for Primary Residence, Second Homes and Investment properties. For the self-employed.

203k Home Improvement Loan

HUD’s program for the rehabilitation and renovation of single family properties.

A Better Mortgage Starts Here!

Current Average U.S. Mortgage Rates

Your personalized rate may be better!

Mortgage Calculator (Estimate)

Often the best loan type for clients with good credit and a modest down payment. Benefits of conventional loans include no upfront funding fees, cancellable Private Mortgage Insurance, minimum down payment ranges of 5% and typically has lower monthly costs for PMI. Common loan terms are 30 or 15 years. Call us to get exact numbers. (248) 608-RATE
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