Types of Loans

Types of Loans

Range of Mortgage Loans to Suit Your Needs

Find Out Which Home Loan is Right for You 

Selecting the right mortgage program is as important as finding the ideal home or vacation property. At Dividend Mortgage, we offer a full suite of conventional and government-backed loans to meet diverse needs of prospective homeowners in Michigan. From low or no down payment mortgage loans to mortgage refinance, our professional team will help you navigate the lending landscape with confidence. Leverage our industry expertise and connections to get the best mortgage rates.  

Federal Housing Administration (FHA)

Worried about your low credit score? An FHA-backed home loan might be ideal for you. Insured by the Federal Housing Administration and especially popular with first-time homebuyers, it allows borrowers to finance homes with down payments as low as 3.5%. 

Veteran Affairs (VA)

Guaranteed by the US Department of Veterans Affairs, VA loans help service members, veterans, and eligible surviving spouses to buy, build, repair, retain, or adapt a home for personal occupancy. You do not have to be a first-time homeowner to qualify and you may reuse your benefits. 

Rural Development (RD)

Does the idea of a no down payment mortgage loan appeal to you? See if you and your property qualify for a USDA rural development loan. This program helps low and moderate-income rural individuals/families to build or buy affordable housing in eligible rural areas. Many designated rural areas are just outside major cities. The ability to put zero-down and get 100% financing is one of its greatest benefits. 

Conventional

With a variety of loan options, unique features and low rates, conventional loans benefit many homeowners. You do not have to put a 20% down payment to qualify and there are fewer restrictions and steps to closing than government-guaranteed home loans. Ask our experienced loan officers to find you the right lender.

Get Expert Mortgage Advice on Buying a New Home or Vacation Property 

At Dividend Mortgage, we specialize in matching the right home loan option to your needs. We take the time to answer all your questions so that you can make an informed decision about one of the biggest purchases in your life.

Need a jumbo loan for new home purchase in Michigan? We can help.
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