Who We Are
We are a mortgage banker and we process, underwrite and close your loans locally. We look forward to helping you with your home mortgage process. All you need to do is tell us a little about yourself and we can find the right program for you.
20 Years, serving clients across the state of Michigan. In December of 2015 we passed the 1 Billion $ milestone, closing over that amount in residential real estate.
Mark Workens, our founder and president, joined the ranks of fellow mortgage moguls Dan Gilbert and Donald G. Calcaterra, Sr. The prestigious James T Barnes Memorial Award was established in 1979 to recognize outstanding contributions to mortgage banking. We proudly stand behind our service and reputation within the community.
The FHA Government Loan
An FHA loan is insured by the Federal Housing Administration open to all qualified home purchasers. An FHA loan is a loan insured against default by the FHA. In other words, the FHA guarantees that a lender won't have to write off a loan if the borrower defaults - the FHA will pay. Because of this guarantee, lenders are willing to make large mortgage loans.
The VA Government Loan
A mortgage loan program established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing. The Department of Veterans Affairs does not directly originate VA loans; instead, they establish the rules for those who may qualify, dictate the terms of the mortgages offered and insure VA loans against default.
The Rural Development Loan
The Mortgage 1 Rural Housing program is dedicated to the preservation of rural communities. We partner with Rural Development, a division of the US Department of Agriculture, to help home buyers throughout the state realize the American dream of home ownership. This program, administered through the US Department of Agriculture, features 102% financing for qualified moderate-income families looking to purchase single-family homes. For borrowers with little or no cash, it's ideal since no down payment and no funds are needed for closing.
The Streamlined 203(k) Program
FHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser.
The Reverse Mortgage
Reverse Mortgages are becoming popular in America. Reverse Mortgages are a special type of home loan that lets a homeowner convert the equity in his/her home into cash without having to credit or income qualify. They can give older Americans greater financial security to supplement social security, meet unexpected medical expenses, make home improvements, and more. In addition, Seniors are able to use Reverse Mortgages to purchase a new primary home also, without any income or credit qualification too.
The Pre-Approved Mortgage
A pre-approved mortgage tells you exactly how much money the lender will let you borrow. A pre-approved mortgage occurs when a lender agrees to lend you a specified amount of money before you have found a home.
The Conventional Loan
A conventional loan is a mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA). It is typically fixed in its terms and rate.
Conforming (and Non-Conforming) Loans
A conforming loan is any loan that meets the criteria and limits set forth by the two largest buyers of loans, Fannie Mae and Freddie Mac. In order to fully understand the difference, you first must know a little bit about Fannie Mae and Freddie Mac.
The Jumbo Loan
A jumbo loan is a loan with a loan amount larger than the limits set by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Currently the limit is set at $417,000 for most areas. Special areas such as Alaska, Hawaii, Guam, and the U.S. Virgin Islands have a higher limit of $625,000. Because jumbo loans cannot be funded by these two agencies, they usually carry a higher interest rate; usually .25% to .50% higher than that of a conforming loan.
The Fixed Rate Mortgage
A common type of mortgage loan is the fixed rate mortgage. With this loan, your payments and interest do not change for the term of the loan. Fixed rate mortgages come in different packages. The most common is the 30-year fixed. However, other terms are available.
The Adjustable Rate Mortgage (ARM)
An Adjustable Rate Mortgage, or ARM, is a mortgage where the interest rate is adjusted periodically based on an index. It is also known as the renegotiable rate mortgage, the variable rate mortgage or the Canadian rollover mortgage.
The Balloon Mortgage
A balloon mortgage is usually a short-term fixed-rate loan which involves small payments for a certain period of time and one large payment for the remaining amount of the principal at a specific time.
The HomePath Mortgage Financing
This special financing is available on Fannie Mae homes with the HomePath logo. Several benefits include low down payment and flexible mortgage terms, qualifying if your credit is less than perfect plus down payment (at least 5 percent) can be funded by your savings; a gift, a grant, or a loan from a nonprofit organization, state or local government, or employer. This unique financing also requires no mortgage insurance or appraisal fees.
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