Michigan Mortgage - Conventional Home Purchase

Buying a home today is much easier than in the past as most applications are done on computer and then transmitted for automated approval. For most applicants I will have an approval in less than 30 minutes, and paperwork on your part has been greatly reduced. If you or your realtor requires a Pre-Approval letter for the seller it is faxed out the same day. buy mla essay, it s not a.

Mortgage programs available for a conventional mortgage loan with a maxinum of $359,650 are listed below. This is a partial list to provide you with an idea as to what is available to meet your specific needs. Most conventional mortgages require a mininum middle credit score of 620, while some mortgage programs may require a middle credit score of 660 or above. moby mp3, list.

Fixed - 30, 20, 15 & 10 year.
ARM - 1 year, 3/1, 5/1, 7/1, 10/1.
Balloon - 30/7 - provides a very low payment for 7 years.
Interest only Mortgages - lower monthly payments.
100%, 103% & 107% mortgages available.
Interest only Mortgages - lower monthly payments.
Home Equity only loans up to 95%, with no mortgage insurance - very low payment.
COFI, CODI & MTA - very low interest mortgages.

Programs are available to fit many standard and unique situations, many of these include:

Regular purchase with W2's, no needed to be on same job two years.
Recent or new relocation transfer to Michigan.
Stated income - for those that have hard to verify income or are self employed.
No income & no assets (NINA), proving job or assets is difficult.
Most of the above programs are for residential or second/vacation home purchase.
Most of the above programs are available for 1 to 4 unit investment properties.
No Mortgage Insurance on most mortgages programs available.