Explore a range of mortgage solutions tailored to Michigan’s homebuyers. Whether you’re a first-time buyer or looking to refinance, we guide you through local financing choices to fit your needs.
Financing Made Simple for Michigan Homebuyers
Explore Your Mortgage Options
Fixed-Rate Mortgage
Stable monthly payments with a fixed interest rate throughout your loan term.
Thanks to Pearson, securing my home loan was straightforward and stress-free.
A smooth financing journey with expert guidance.
Their team helped me understand every financing option clearly and confidently.
Clear advice that made all the difference.
I felt supported throughout the entire mortgage process, thanks to the team at Pearson
Reliable support from start to finish.
Common Questions About Home Financing in Michigan
What types of mortgage loans are available in Michigan?
Michigan homebuyers can choose from conventional loans, FHA loans backed by the government, VA loans for veterans, and USDA loans for rural properties. Each has different requirements and benefits.
How does my credit score affect my financing options?
Your credit score influences the interest rates and loan programs you qualify for. Higher scores often mean better rates and more loan choices.
What is the typical down payment required?
Down payments usually range from 3% to 20% depending on the loan type. Some programs offer assistance to reduce upfront costs.
Why should I get pre-approved before house hunting?
Pre-approval shows sellers you’re a serious buyer and helps you understand your budget, speeding up the buying process.
What closing costs should I expect?
Closing costs include fees for appraisal, title insurance, and loan processing. They typically add 2% to 5% to your purchase price.
