Michigan Real Estate Mortgage Properties

A Michigan Lending Company is locally owned Michigan Mortgage Company. We finance all types of Michigan real estate from residential log homes, land loans (hunting, vacation, waterfront, raw, camping, investment, logging), condos, investment properties, commercial, business loans and construction all over our Great Lake State.

We are a Michigan mortgage broker and lender home financing company for the Michigan real estate market, from stated and no-document loan products to 100% financing options we will customize a financing package just for you. For a Michigan home purchase or refinance loan fill out our online mortgage application to be pre-approved immediately or contact us at 616-301-1811 for a custom Michigan mortgage rate quote and closing. We welcome any realtors who want your customers treated right.

1. Acceptable Property Types

• 1 - 4 Single Family Residential (SFR)
  
• Low-Rise Condominiums (<= 4 stories)
• Project must be 100% complete including all common areas and amenities
• No additional annexation or phasing 90% presale requirement
• 60% professional loan officer-occupied
• H.O.A. (Home professional loan officers' Association) must be prepaid for one year
• No more than 10% of the units can be owned by a single family
• $1,000,000 liability and fidelity bond coverage
  
  
• High-Rise Condominiums (over 4 stories)
• Considered on a case-by-case basis only
• Must meet all of the above requirements
• Planned Unit Developments (PUD)
• Must meet 90% presale requirements
• H.O.A. must be turned over to home owners
• $1,000,000 liability and fidelity bond coverage
  
  
• Modular, panelized or prefabricated homes, and log homes that are situated on permanent foundations, that have assumed the characteristics of conventional site-build housing and that are located where there is proven market acceptable as evidenced by at least recent, similar comparable sales included in the appraisal.
  
  
• Modular housing is factory-built housing in two or more sections to meet state and local building codes and is transported to the property site for final assembly. Modular housing can be transported on a steel undercarriage but the undercarriage is not a permanent structural component and is removed when placed on a permanent foundation.
  
  
• Mobile homes or manufactured homes (single-wide, double-wide, etc.) are residential structures built on a steel undercarriage with necessary wheel assembly to be removed when placed on a permanent foundation, but the steel undercarriage remains intact as a necessary structural component. Usually, the presence of a steel undercarriage as a necessary structural component is the primary distinguished factor between a manufactured home a higher quality modular home. Please note that the term "Manufactured Home" has replaced the term "Mobile Home" with the latter now used solely to describe all manufactured homes built prior to the established of HUD building standards which became effective in June 1976.
  


• Niche properties
• Jumbo loans
• Co-ops
• Raw land
• Commercial properties (any type and size)
• Condos
• Multi-Family
• Log homes
• and more

If you have any mortgage questions about how A Michigan Mortgage Company works, we would like to hear from you. If you are working with another company and may be confused, or want a second opinion.