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Loan Programs
FHA Loans
Who it’s for: Repeat and first-time homebuyers. Applicants with limited credit history or less than perfect credit.
Why it’s great: FHA loans make homeownership accessible with as little as 3.5% down. Flexible credit requirements and the ability to use gift funds for your down payment help more people achieve their dream of owning a home. This program is perfect if you’re ready to buy your first home or haven’t qualified for conventional financing in the past.
FHA Loans
Who it’s for: Repeat and first-time homebuyers. Applicants with limited credit history or less than perfect credit.
Why it’s great: FHA loans make homeownership accessible with as little as 3.5% down. Flexible credit requirements and the ability to use gift funds for your down payment help more people achieve their dream of owning a home. This program is perfect if you’re ready to buy your first home or haven’t qualified for conventional financing in the past.
MSHDA Loans
Who it’s for: First-time homebuyers and repeat buyers who meet income and purchase price limits.
Why it’s great: MSHDA (Michigan State Housing Development Authority) loans are designed to make homeownership more affordable by offering down payment assistance and competitive interest rates. Qualified buyers can receive financial assistance to cover down payment and closing costs—removing one of the biggest barriers to buying a home.
These programs are especially helpful for buyers who have steady income but may not have significant savings. With flexible options, education resources, and added support, MSHDA loans provide a clear path to homeownership while keeping upfront costs manageable."
MSHDA Loans
Who it’s for: First-time homebuyers and repeat buyers who meet income and purchase price limits.
Why it’s great: MSHDA (Michigan State Housing Development Authority) loans are designed to make homeownership more affordable by offering down payment assistance and competitive interest rates. Qualified buyers can receive financial assistance to cover down payment and closing costs—removing one of the biggest barriers to buying a home.
These programs are especially helpful for buyers who have steady income but may not have significant savings. With flexible options, education resources, and added support, MSHDA loans provide a clear path to homeownership while keeping upfront costs manageable."
FHA Refinance
Who it’s for: Homeowners who currently have an FHA loan.
Why it’s great: FHA refinance programs allow you to reduce your interest rate, lower your monthly payment, or access cash from your home equity. Streamlined options, like the FHA Streamline Refinance, make the process quick and easy with minimal documentation—helping you save money or fund improvements with less hassle.
FHA Refinance
Who it’s for: Homeowners who currently have an FHA loan.
Why it’s great: FHA refinance programs allow you to reduce your interest rate, lower your monthly payment, or access cash from your home equity. Streamlined options, like the FHA Streamline Refinance, make the process quick and easy with minimal documentation—helping you save money or fund improvements with less hassle.
USDA Loans
Who it’s for: Buyers in eligible rural or suburban areas with moderate or low income.
Why it’s great: USDA loans offer up to 100% financing, meaning no down payment options may be available, along with low interest rates and reduced mortgage insurance. This program opens the door to homeownership for families who may not have significant savings but want a home in a qualifying community.
USDA Loans
Who it’s for: Buyers in eligible rural or suburban areas with moderate or low income.
Why it’s great: USDA loans offer up to 100% financing, meaning no down payment options may be available, along with low interest rates and reduced mortgage insurance. This program opens the door to homeownership for families who may not have significant savings but want a home in a qualifying community.
Conventional Loans
Who it’s for: Borrowers with solid credit, steady income, and the ability to make a down payment.
Why it’s great: Applicants with fair to excellent credit can enjoy lower down payments such as 3% down for first time home buyers and 5% down for repeat buyers. Applicants with less than perfect credit may be eligible with a larger down payment. No credit score applicants can be eligible with non-traditional credit references.
Conventional Loans
Who it’s for: Borrowers with solid credit, steady income, and the ability to make a down payment.
Why it’s great: Applicants with fair to excellent credit can enjoy lower down payments such as 3% down for first time home buyers and 5% down for repeat buyers. Applicants with less than perfect credit may be eligible with a larger down payment. No credit score applicants can be eligible with non-traditional credit references.
Jumbo Loans
Who it’s for: Buyers purchasing high-value or luxury homes.
Why it’s great: Jumbo loans let you finance properties above conforming loan limits in a Loan Programs.docx single mortgage. While they require higher credit scores and larger down payments, they allow high-income borrowers to purchase premium homes with competitive rates and fewer limitations than multiple smaller loans.
Jumbo Loans
Who it’s for: Buyers purchasing high-value or luxury homes.
Why it’s great: Jumbo loans let you finance properties above conforming loan limits in a Loan Programs.docx single mortgage. While they require higher credit scores and larger down payments, they allow high-income borrowers to purchase premium homes with competitive rates and fewer limitations than multiple smaller loans.
ITIN Loans
Who it’s for: Individuals with an Individual Taxpayer Identification Number (ITIN) instead of a Social Security number.
Why it’s great: ITIN loans expand homeownership opportunities for immigrants, self-employed individuals, or those with non-traditional credit histories. Lenders evaluate income, employment, and financial stability rather than just a traditional credit report, allowing more people to achieve homeownership.
ITIN Loans
Who it’s for: Individuals with an Individual Taxpayer Identification Number (ITIN) instead of a Social Security number.
Why it’s great: ITIN loans expand homeownership opportunities for immigrants, self-employed individuals, or those with non-traditional credit histories. Lenders evaluate income, employment, and financial stability rather than just a traditional credit report, allowing more people to achieve homeownership.
DSCR Loans
Who it’s for: Real estate investors and property owners.
Why it’s great: DSCR (Debt Service Coverage Ratio) loans focus on a property’s income potential rather than the borrower’s personal finances. If a property generates enough cash flow to cover the mortgage, you most likely will qualify. This makes it easier for investors to expand their portfolios or refinance rental properties.
DSCR Loans
Who it’s for: Real estate investors and property owners.
Why it’s great: DSCR (Debt Service Coverage Ratio) loans focus on a property’s income potential rather than the borrower’s personal finances. If a property generates enough cash flow to cover the mortgage, you most likely will qualify. This makes it easier for investors to expand their portfolios or refinance rental properties.
Doctor Loans
Who it’s for: Physicians, dentists, and other healthcare professionals.
Why it’s great: Doctor loans are designed with the unique financial situations of medical professionals in mind. They typically offer little to no down payment, competitive rates, and sometimes waive PMI, making it easier for doctors early in their careers—who may carry significant student loan debt—to purchase a home.
Doctor Loans
Who it’s for: Physicians, dentists, and other healthcare professionals.
Why it’s great: Doctor loans are designed with the unique financial situations of medical professionals in mind. They typically offer little to no down payment, competitive rates, and sometimes waive PMI, making it easier for doctors early in their careers—who may carry significant student loan debt—to purchase a home.
Bank Statement Loans
Who it’s for: Self-employed borrowers or those with irregular income.
Why it’s great: Instead of relying on traditional W-2s or tax returns, bank statement loans use personal or business bank statements to verify income. This flexibility allows self-employed individuals or freelancers to qualify for a mortgage, even with unconventional income streams.
Bank Statement Loans
Who it’s for: Self-employed borrowers or those with irregular income.
Why it’s great: Instead of relying on traditional W-2s or tax returns, bank statement loans use personal or business bank statements to verify income. This flexibility allows self-employed individuals or freelancers to qualify for a mortgage, even with unconventional income streams.
Cash-Out Refinance
Who it’s for: Homeowners looking to access their home’s equity.
Why it’s great: Cash-out refinances let you refinance your existing mortgage for more than you owe and take the difference in cash. Use it for home improvements, debt consolidation, or other financial goals. This program provides a way to unlock your home’s equity while potentially lowering your interest rate and consolidating high-interest debt.
Cash-Out Refinance
Who it’s for: Homeowners looking to access their home’s equity.
Why it’s great: Cash-out refinances let you refinance your existing mortgage for more than you owe and take the difference in cash. Use it for home improvements, debt consolidation, or other financial goals. This program provides a way to unlock your home’s equity while potentially lowering your interest rate and consolidating high-interest debt.
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Copyright© 2026. Premier Mortgage Team, NMLS# 2334. All rights reserved. State Licenses. Privacy Policy. Consumers. Legal Disclosures. Sitemap. Real Estate Website Design by GoHighLevel
Premier Mortgage Team is committed to providing an accessible website. If you have difficulty accessing content, have difficulty viewing a file on the website, or notice any accessibility problems, please contact us at 269.293.4652 to specify the nature of the accessibility issue and any assistive technology you use. We strive to provide the content you need in the format you require
Copyright© 2026. Premier Mortgage Team, NMLS# 2334. All rights reserved. State Licenses. Privacy Policy. Consumers. Legal Disclosures. Sitemap. Real Estate Website Design by GoHighLevel