Home Loan Programs
Explore the financing options available to you — from conventional loans to government-backed programs designed to make homeownership more accessible.
Find the Right Loan for Your Situation
Every buyer's financial picture is different. Whether you're a first-time buyer, a veteran, or looking for a low down payment option, there's a program built for you. Use the resources below to explore your options and connect with a lender who can guide you through the process every step of the way.
Conventional Loans
Traditional mortgage financing with competitive rates. Ideal for buyers with strong credit and a down payment of 3 –20%.
- Down payments as low as 3%
- Fixed or adjustable rates
- No upfront mortgage insurance premium
- Flexible loan terms: 10, 15, 20, or 30 years
FHA Loans
Government-backed loans insured by the Federal Housing Administration, designed for buyers with lower credit scores or smaller down payments.
- Down payments as low as 3.5%
- Credit scores as low as 580
- Higher debt-to-income ratios allowed
- Available for primary residences only
VA Loans
Exclusive to eligible veterans, active-duty service members, and surviving spouses — offering exceptional terms with no down payment required.
- No down payment required
- No private mortgage insurance (PMI)
- Competitive interest rates
- Flexible qualification guidelines
USDA Loans
Zero-down financing for eligible rural and suburban homebuyers through the U.S. Department of Agriculture. 640 minimum credit score for all borrowerts on the loan.
- No down payment required
- Low mortgage insurance costs
- Available in eligible rural areas
- Income limits apply
Freddie Mac Home Possible
A low down payment mortgage option for low-to-moderate income buyers, offering flexible funding sources for the down payment.
- Down payments as low as 3%
- Income limits based on area median
- Flexible down payment sources
- Reduced mortgage insurance options
Fannie Mae HomeReady
An affordable mortgage solution with expanded eligibility and flexible financing options for creditworthy low-income borrowers.
- Down payments as low as 3%
- Accepts non-borrower household income
- Reduced mortgage insurance
- Homeownership education required
New Home Construction
Finance the build of a brand-new home from the ground up with a construction loan that converts to a permanent mortgage at completion.
- Single-close construction-to-permanent financing
- Draw schedule aligned with build milestones
- Lock your rate before construction begins
- Available for primary residences and second homes
Home Purchase Remodel
Buy a home and finance renovation costs in a single loan — ideal for buyers who want to customize or update a property at purchase.
- Combines purchase price and renovation costs
- FHA 203(k) and conventional options available
- Funds released as work is completed
- Great for fixer-uppers and cosmetic upgrades
Refinance Remodel
Tap into your home's equity to fund renovations through a cash-out refinance or renovation refinance loan.
- Access equity built up in your current home
- Roll renovation costs into your new mortgage
- Potentially lower your interest rate while remodeling
- Available for kitchens, baths, additions, and more
Michigan First-Time Home Buyer Programs MSHDA Down Payment Assistance
The Michigan State Housing Development Authority (MSHDA) offers down payment assistance and affordable housing programs to help first-time buyers achieve homeownership in Michigan. 640 credit score required for all borrowers on the loan
- Down payment assistance up to $10,000
- Low-interest mortgage options
- Available to first-time and repeat buyers in targeted areas
- Homebuyer education required
Ready to Get Pre-Approved?
Our Preferred Lenders
Victor Bals
4.94(749)Senior Loan Officer
CrossCountry Mortgage — NMLS #162273
Hello! My name is Vic. With America's #1 Retail Mortgage Lender, I'm here to guide you through your loan options while my expert team ensures a smooth process. If you have any questions, I'm always available. We appreciate the opportunity to serve you!
Danielle Boote
4.95(2,037)Branch Manager & Mortgage Loan Officer
CrossCountry Mortgage — NMLS #170173
For over three decades, Danielle has built a reputation for delivering exceptional service, personalized guidance, and expert solutions tailored to each client's unique goals. Whether you're buying your first home, upgrading, or refinancing, Danielle is committed to making your experience smooth, stress-free, and truly rewarding.
Get in Touch
Contact Our Lenders
Have a question about a loan program or want to get pre-approved? Reach out and we'll connect you with the right person.