Mortgage Center

Michigan First Mortgage is here to assist you with all of your homebuying needs. Whether you're looking for your first home, trying to downsize, or need to move into a bigger space, our expert loan officers are here to guide you through the homebuying process.

More mortgage options. More personal guidance.

Every borrower’s finances, property and plans are different. That is why Michigan First Mortgage offers traditional and specialized financing for a wide range of homeownership goals.

Our Mortgage Loan Officers can help you:

Understand how much you may be able to borrow
Compare mortgage programs, terms and payment structures
Identify potential down payment or closing-cost assistance
Prepare for the application and closing process
Navigate financing for less traditional properties or financial circumstances
Make informed decisions without sorting through every option alone

You do not need to know which mortgage product you want before reaching out. Start with what you hope to accomplish, and we will help you explore the available paths.

Buy, build or invest

Whether you are purchasing your first home, building one from the ground up or expanding your real estate portfolio, Michigan First offers financing designed for a variety of properties and financial circumstances.

Traditional Mortgage Options

Choose from conventional fixed-rate and adjustable-rate mortgages for eligible primary residences, second homes and investment properties.

Low- and No-Down-Payment Programs

FHA, VA and USDA loans may help qualified borrowers purchase a home with a smaller down payment—or, in some cases, no down payment.

First-Time Homebuyer Options

Explore mortgage programs, education and potential assistance that can make purchasing your first home easier to understand and prepare for.

Flexible and Specialty Financing

Michigan First offers options for manufactured homes, borrowers using an ITIN and other circumstances that may not fit traditional mortgage guidelines.

Construction and Renovation Financing

Finance the construction of a new home, complete a major renovation or begin an eligible teardown-and-rebuild project.

Investment Property Financing

Explore mortgage options for eligible rental properties, multifamily homes and real estate investments, including programs that may consider a property’s qualifying rental income.

What to expect from the mortgage process

The specific requirements will depend on your mortgage and property, but most borrowers move through a few common stages.

Talk About Your Plans

Tell us what you want to accomplish, whether you are buying, refinancing, building or investing. A Mortgage Loan Officer can help you identify potential options.

Complete Your Application

Provide information about your income, assets, debts, employment and intended property. The documents needed will depend on the mortgage program and your circumstances.

Review Your Options

Your Mortgage Loan Officer will explain the available loan programs, estimated payments, upfront costs and next steps.

Complete the Loan Review

Your application and property move through the necessary appraisal, title, underwriting and approval stages. Additional information may be requested during this process.

Prepare for Closing

Before closing, you will receive final information about your mortgage terms, payment and the funds needed to complete the transaction.

Additional stages or requirements

Construction loans and certain specialty mortgage programs may involve additional stages or requirements. Your Mortgage Loan Officer will explain what to expect for your specific loan.

Frequently asked questions

View All FAQs

What types of mortgage loans does Michigan First offer?

Michigan First offers fixed-rate and adjustable-rate mortgages, along with FHA, VA, USDA, MSHDA, jumbo, bridge, construction, renovation, manufactured housing, DSCR, ITIN, and other specialized home loans. Available options depend on the property, how you plan to use it, and your financial qualifications.

Does Michigan First offer mortgages for first-time homebuyers?

Yes. Michigan First offers several mortgage options for first-time homebuyers, including conventional, FHA, VA, USDA, and MSHDA loans. Some programs offer low or no down payment options, more flexible qualification requirements, or assistance with down payment and closing costs. A Michigan First loan officer can help you compare the programs for which you may qualify.

How much money do I need for a down payment on a home?

The amount you need for a down payment depends on the mortgage program, purchase price, and your qualifications. Some Michigan First mortgages require as little as 3% or 3.5% down, while eligible VA and USDA borrowers may qualify with no down payment. You should also plan for closing costs and other homebuying expenses unless an assistance program or seller contribution covers them.

Already have a mortgage with Michigan First?

Access your mortgage account to make a payment, review account information or find servicing support. For questions about your existing mortgage, payment assistance or account documentation, contact the mortgage servicing team for support.

Resources for your next move

Budget Calculator

Home Rent vs. Buy Calculator

Mortgage Payoff Calculator

Mortgage Calculator

Estimate potential payments, compare mortgage terms and explore different financing scenarios.

Home Affordability Calculator

Understand your mortgage options and next steps