Home Purchase Mortgages Michigan

Home Purchase Mortgages

Find Your Perfect Home Loan Solution

Get pre-approved today with competitive rates on FHA, VA, and conventional mortgages. Our expert brokers will guide you through every step of the home buying process.

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Purchase Loan Options

Flexible Home Financing Solutions

Whether you're buying your first home or your dream home, we offer a comprehensive range of mortgage solutions to fit your needs. From conventional loans to government-backed FHA and VA programs, we'll help you find the perfect financing option.

Our mortgage experts specialize in various loan types including jumbo loans, conventional mortgages, and special programs for first-time homebuyers. Get competitive rates and personalized service throughout your home buying journey.

  • Low Down Payment Options: Access FHA loans with down payments as low as 3.5%
  • Multiple Loan Types: Choose from conventional, FHA, VA, and jumbo mortgages
  • Expert Guidance: Work with licensed mortgage professionals who understand the Michigan market
  • Transparent Process: Clear communication and no hidden fees throughout your loan process

First-Time Home Buyer Programs

Specialized Programs for First-Time Buyers

Take advantage of special programs designed specifically for first-time homebuyers. Our team will help you navigate down payment assistance programs, FHA loans, and other options to make homeownership more accessible.

Get personalized guidance on credit requirements, down payment options, and the entire mortgage process. We're here to make your first home purchase a success.

  • Down Payment Assistance: Access local and state programs for qualified buyers
  • Flexible Requirements: Programs available for various credit scores and income levels
  • Educational Resources: Get expert guidance through the entire home buying process
  • Special Programs: Access to Michigan first-time homebuyer incentives

Ready to get started?

Get in touch with our team to learn how Universal Mortgage Lending can help you streamline your retail operations and drive growth.

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Common Home Purchase Questions

Get answers to frequently asked questions about the mortgage process, loan requirements, and how to get started with your home purchase.

What credit score is needed for different types of mortgages?

Credit score requirements vary by loan type: FHA loans typically require 580+ for 3.5% down payment, conventional loans usually need 620+, and VA loans have flexible requirements. We can help find options for various credit situations.

How much down payment do I need to buy a house?

Down payment requirements vary by loan type: FHA loans require as little as 3.5%, conventional loans typically need 3-20%, and VA loans may require no down payment. Down payment assistance programs are also available for qualified buyers.

What's the typical timeline for the mortgage process?

The typical mortgage process takes 30-45 days from application to closing. Pre-approval can be obtained in as little as 24 hours. Timeline may vary based on loan type, property conditions, and other factors.

What costs should I expect beyond the down payment?

Additional costs include closing costs (typically 2-5% of loan amount), property taxes, homeowners insurance, and possibly PMI if down payment is less than 20%. We'll provide a detailed cost breakdown during pre-approval.

How do I know which mortgage program is right for me?

The best mortgage program depends on factors like your credit score, down payment ability, income, and property type. Our mortgage experts will analyze your situation and recommend the most suitable options for your needs.

Can I get pre-approved before finding a home?

Yes! Getting pre-approved before house hunting is recommended. It helps you understand your budget, strengthens your offer, and speeds up the final loan process once you find your home.

Start Your Pre-Approval Today