Securing a Mortgage for Your Michigan Home with Central Mortgage Funding

Michigan, affectionately known as the Great Lakes State, is beloved for its stunning beaches, picturesque landscapes, artistic cities, and charming German villages. The state’s rich history, vibrant culture, and affordable housing, along with its proximity to Canada, make it an attractive place to call home.

Considering a move to Michigan? Begin your mortgage application with Central Mortgage Funding today, and soon you’ll have a pre-approval letter in hand as you explore potential homes!

Already own a home in Michigan? We’re also here to assist with your mortgage refinancing needs.

Michigan Mortgage Rates and Trends

The COVID-19 pandemic led to historically low national mortgage rates, enabling many Americans to benefit from reduced borrowing costs.

In Michigan, mortgage rates have followed this trend, though there have been some recent gradual increases. However, rates are still relatively low compared to historical standards. It’s a great time for a free mortgage review, regardless of when your mortgage was originally taken out. A lower rate could result in significant monthly savings.

Factors like debt-to-income ratio and credit scores play a crucial role in determining mortgage rates. It’s essential to work with a lender who will tailor a loan program to your specific needs. At Central Mortgage Funding, we offer a range of Michigan home mortgages, including FHA, VA, Conventional, USDA, and more.

Down Payment Assistance

Michigan home buyers may be eligible for down payment assistance. If you’re looking to purchase a home in Michigan, let us guide you through the various options and grants* available.

Key programs to ask about include:

  • Dream Makers Grant
  • Forgivable and non-forgivable second mortgages
  • First-time home buyer incentives
  • Closing cost assistance
  • Tax credits

*Note: The actual assistance amount may vary based on factors such as the purchase city, credit score, and other financial requirements. Down payment assistance programs are city and/or state initiatives, not funded by Central Mortgage Funding. A homebuyer education course may be required before applying.

Speak with our mortgage consultants about funding options today!

Refinancing Your Mortgage

  • Is your current mortgage payment or interest rate higher than you’d prefer?
  • Are you contending with high-interest debt?
  • Or are you looking to be mortgage-free sooner?

If you’ve answered yes to any of these, it’s time for a free mortgage review with our Michigan mortgage consultants. Discover the benefits of mortgage refinancing, which could lead to savings of up to $1,000 a month. Central Mortgage Funding offers a variety of loan terms to meet your needs, starting at ten years.

Why Central Mortgage Funding?

As a national mortgage lender, Central Mortgage Funding is committed to making homeownership affordable. We offer competitive mortgage rates without any upfront fees. Our team of dedicated mortgage consultants works hard to customize the right loan program for your financial goals. We’ve streamlined most of the lending process online for a quicker and more convenient experience.

We’re about more than just transactions. We’re always here to answer any mortgage-related questions post-closing and can assist with refinancing for better rates or cash-out options. We’re excited to start this lifelong relationship with you!

Building Your Home Loan Together

To connect with a Michigan mortgage consultant at Central Mortgage Funding, call (833) 302-1032. We specialize in customizing any loan in the industry to suit your needs, ensuring the best service, lowest rates, and fastest closings. Discover how simple the process of mortgage refinancing or purchasing a new home can be with us!

Central Mortgage Funding is an Equal Housing Lender; License #FL0022877.

Ready to talk?

Are you unsure on the path you should take to home ownership? Our Loan Specialists are here to help you through the entire process. They will find you the best term, and rate to fit your budget!