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Working with Michigan Lending Solutions is more than working with your average mortgage institution. We collaborate with local and national organizations to offer a range of financing options to best serve our clients. We maintain traditional financing options, but we are also working to create a stronger, more stable Michigan through a variety of collaborative and unique home financing products.

Conventional Purchase or Refinance

Michigan Lending Solutions offers conventional loans for single-family homes (1-4 units) and condominiums.

  • Finances up to 95% of the price of the home
  • Low interest, 15 or 30-year fixed rate mortgages
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Federal Housing Administration Insured Purchase and Refinance

A Federal Housing Administration (FHA) loan is insured against default by the FHA, meaning lenders offer more flexible financing requirements. Michigan Lending Solutions also allows borrowers the opportunity to use down payment assistance with a FHA loan, which is not accepted at many lending institutions.

  • Finances up to 96.5% of the price and closing costs - only 3.5% down payment
  • Allows rolling the upfront mortgage insurance premium into the mortgage
  • Covers single-family homes (1 - 4 units) and some condominiums
  • Permits gifts to be used for the down payment
  • Low interest, 30-year fixed rate mortgages
  • Term: 30 years
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The Neighborhood Stabilization Short Sale Program

To prevent foreclosures and abandoned homes in Detroit, Michigan Lending Solutions partners with Southwest Housing Solutions (SHS) to assist eligible residents facing foreclosure. SHS acquires and promptly re-sells the home back to the former owner on a land contract, and continues to assist the borrower through financial coaching and credit management for three years.

Basic borrowing requirements include a stable income for the past six months, proof of regular savings and proof of a specific hardship for not making mortgage payments (i.e. job loss, disability). The property must be current in taxes and worth more than $20,000.

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Earn $500 Credit at Closing

If you present a homebuyer education certificate at the time of closing, we will give you a $500 credit to apply towards closing costs or the down payment of your new home. Meet our homebuyer advisors and check out upcoming classes now.

Lending Partners

  • Ally Bank
  • Bank of America
  • Citizens Bank
  • Comerica Bank
  • Fifth Third Bank
  • First Merit Bank
  • Flagstar Bank
  • Huntington Bank
  • JP Morgan Chase
  • Liberty Bank
  • PNC Bank
  • Talmer Bank
  • Wells Fargo Bank
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