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Michigan VA Loan Programs Allow Veterans More Flexibility And Low Rates!

  • Are you active duty, a veteran, or the surviving spouse of a veteran?
  • Are you looking for mortgage financing with less restrictive credit requirements?
  • Are you interested in buying a home with no down payment or refinancing up to 120% of your homes value?

If the answer is yes to any of these questions, you're going to want to speak with us about your VA loan options!

A VA loan gives you a government-insured loan with flexible choices. Unlike other mortgage options, VA loans don't require a down payment or any monthly mortgage insurance. This saves veterans from spending a lot of money out of pocket as well as extreme monthly savings when compared to other mortgage programs.

VA Loans are simply the best way for a veteran to qualify for a home purchase or refinance. Call 248-674-6450 today to get pre-qualified for a low rate VA Loan today!

Why Should You Choose Michigan Mortgage Solutions For Your VA Loan?

  • We have an A+ rating with the Better Business Bureau
  • We don't charge any upfront "Good Faith" fees as we believe that we should show you good faith by not charging you for yours...lol!
  • As a licensed mortgage broker since 1998, we actually have to do industry specific training and we're required to carry state licensing for our company and our loan officers. This means that you'll be speaking to a knowledgable mortgage professional, not an untrained desk clerk or representative.

Michigan Mortgage Solutions will find you the best possible mortgage program for your specific needs.

Assumptions

  • 15-Year VA Loan: Rate is fixed. The payment on a $203,500, 15-year fixed rate loan at 3.375% and 100% loan-to-value (LTV) is $1,442.33 with No Points due at closing. Payment includes a one time upfront VA funding fee at 2.15% of the base loan amount and no monthly mortgage insurance. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. The Annual Percentage Rate (APR) is 4.418%. Based on February 6th, 2014 rates.
  • 30-Year VA Loan: Rate is fixed. The payment on a $203,500, 30-year fixed rate loan at 3.875% and 100% loan-to-value (LTV) is $956.93 with No Points due at closing. Payment includes a one time upfront VA funding fee at 2.15% of the base loan amount and no monthly mortgage insurance. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply. The Annual Percentage Rate (APR) is 5.419%Actual payments will vary based on your individual situation and current rates. Based on February 6th, 2014 rates.
  • Some restrictions may apply.
  • We assumed (unless otherwise noted) that: closing costs are paid out of pocket; this is your primary residence and is a single family home; debt-to-income ratio is less than 30%; and credit score is over 720.
  • The lock period for your rate is 45 days.
  • The loan to value (LTV) rate is 100%.
  • Max loan amount is $417,000
  • For VA loans payment includes a onetime upfront VA Funding Fee at 1.75% of the base loan amount and no monthly mortgage insurance.
  • Michigan Mortgage Solutions provides a wide variety of mortgage options. Please remember that we don’t have all your information. Therefore, the results you see from this calculator may not reflect your actual situation. You may still qualify for a loan even if your situation doesn’t match our assumptions. To get more accurate and personalized results, please call (248) 674-6450 to talk to one of our mortgage consultants.