Mortgage Purchase in Michigan
Are you ready to take the exciting step of buying a home in Michigan? Whether you’re a first-time buyer or looking to upgrade to a new property, MTGPros is here to guide you through the mortgage process, ensuring that you find the perfect financing solution tailored to your needs.
Contact the experts at MortgagePros today! Licensed in 39 states from our Troy headquarters. Rated 4.9 across 5,200+ Google reviews.
83
Michigan counties we lend in
2019
Founded in Troy, Michigan
300+
Licensed loan officers on the team
4.9
Average of 5,200+ Google reviews
39
States licensed, headquartered here
What is a Mortgage Purchase?
A mortgage purchase is a loan used to buy a home. With a mortgage, you borrow money from a lender and agree to repay it over time, typically in monthly installments that include both principal and interest. At MTGPros, we help Michigan homebuyers navigate the complex world of home loans, offering personalized guidance to help you find terms that fit your situation.
Benefits of Using MTGPros for Your Mortgage Purchase
- Competitive rates: We work with multiple lenders to find you the most competitive mortgage rates in Michigan.
- Flexible terms: Whether you’re looking for a 30-year fixed-rate mortgage or a more customized loan option, we can find the right terms to fit your financial situation.
- Expert guidance: Our experienced mortgage professionals will walk you through every step of the process, from pre-approval to closing, making sure you understand all your options.
- Pre-approval assistance: Get pre-approved for a mortgage and know exactly how much you can afford before you start house hunting.
Types of Mortgage Loans We Offer
- Conventional Loans: Ideal for buyers with good credit, offering competitive rates and flexible terms.
- FHA Loans: Designed for first-time homebuyers or those with lower credit scores, FHA loans offer lower down payment requirements and more lenient qualification standards.
- VA Loans: Available to veterans and active-duty military members, VA loans offer no down payment and low-interest rates.
- Jumbo Loans: For buyers looking to purchase higher-value homes, jumbo loans provide financing for properties that exceed conventional loan limits.
The loans we write for Michigan buyers.
Each one has its own Michigan page. Your pro prices every option you qualify for and explains the trade-offs.
FHA HOME LOAN
FHA
An FHA loan is a government-backed mortgage loan that can allow you to buy a home with looser financial requirements. You may qualify for an FHA loan if you have debt or a lower credit score.
Conventional Home Loan
Conventional Loan
A conventional mortgage loan is a loan that meets the requirements for Fannie Mae or Freddie Mac. Fannie Mae and Freddie Mac are government-sponsored enterprises that purchase mortgages from lenders and sell them to investors.
VA Home Loan
VA Loan
A VA loan is a top benefit of military service for eligible veterans, service members and qualifying surviving spouses. It allows you to qualify for a low-cost mortgage when you’re looking to purchase or refinance.
Jumbo Home Loan
Jumbo Loan
A jumbo loan is a mortgage loan that exceeds the limits set by the Federal Housing Finance Agency (FHFA).
Michigan, all 83 counties
From Detroit’s neighborhoods to the Upper Peninsula, one licensed pro is your point of contact from pre-approval to closing.
How Does the Mortgage Purchase Process Work?
Four stages, one licensed pro, and you always know what happens next.
1
Pre-approval
Start by getting pre-approved, so you know your budget and can make stronger offers on homes.
2
House hunting
Once pre-approved, you can begin searching for your ideal home in Michigan.
3
Loan application
When you’ve found a home, we will help you complete the loan application and submit all necessary documentation.
4
Approval and closing
After your loan is approved, we’ll walk you through the closing process and ensure all paperwork is in order so you can move into your new home.
Buying in Michigan comes with a few local twists.
Property taxes uncap when a home changes hands, so the seller’s bill is not your bill. Winter closings are normal here and so are inspections in the snow.
Your pro has closed on streets like the one you are looking at and prepares the file for what the appraiser and the underwriter will actually ask.
Why Choose MTGPros?
At MTGPros, we’re dedicated to making the homebuying process as smooth and stress-free as possible. We understand that purchasing a home is one of the biggest financial decisions you’ll ever make, and our team is committed to providing the expert guidance and support you need to make confident, informed choices.
Contact Us for a Free Consultation
Ready to start your homebuying journey? Contact us at MTGPros today for a free consultation, and let us help you find the perfect mortgage solution for your dream home in Michigan.
What would the payment be?
Enter a Michigan price and your down payment to see the full monthly cost, including mortgage insurance, taxes and insurance. Every Michigan county uses the same conforming and FHA limits, so the numbers apply wherever in the state you are buying.
Four things that are different about buying in Michigan.
They shape every home purchase we close in the state, and the first one catches buyers from elsewhere off guard.
01
Your property tax bill resets when you buy
Michigan caps how fast a home’s taxable value can rise each year, and that cap comes off when ownership transfers. The seller’s bill reflects their capped value; yours will be based on the current state equalized value, which can be materially higher. Budget from the SEV, not the seller’s bill, and file the Principal Residence Exemption, which removes up to 18 mills of school operating tax on the home you live in.
02
Transfer tax is the seller’s cost by default
Michigan charges $3.75 per $500 of price to the state and $0.55 per $500 to the county, and the seller pays unless the purchase agreement says otherwise. Buyers pay recording fees and title charges instead, which are far smaller.
03
Loan limits are simple here
Every Michigan county uses the national baseline: $832,750 for a conforming loan and $541,287 for an FHA loan on a one-unit home in 2026. There are no high-cost counties in the state, so the limit is the same in Troy, Detroit, Lansing and Ann Arbor.
Michigan Counties We Serve
MTGPros provides home purchase services throughout Michigan, including:
Metro Detroit Area
Wayne County – Detroit, Dearborn, Livonia, Westland
Oakland County – Troy, Bloomfield Hills, Birmingham, Royal Oak
Macomb County – Sterling Heights, Clinton Township, Warren
Washtenaw County – Ann Arbor, Ypsilanti
West Michigan
Kent County – Grand Rapids, East Grand Rapids, Wyoming
Ottawa County – Holland, Grand Haven, Zeeland
Muskegon County – Muskegon, Muskegon Heights
Allegan County
Mid-Michigan
Ingham County – Lansing, East Lansing
Eaton County
Clinton County
Genesee County – Flint
Northern Michigan
Grand Traverse County – Traverse City
Leelanau County
Emmet County – Petoskey
Charlevoix County
Licensed in all 83 Michigan counties and headquartered in Troy. Local pages for Detroit, Ann Arbor, Lansing and the Michigan hub.
Buying in Michigan, answered.
The questions Michigan buyers ask us most. If yours is not here, a licensed pro will answer it directly, with no obligation.
How fast can I get pre-approved?
Quickly, once we have your documents. We verify income, assets and credit rather than issuing a soft letter, which is why listing agents in competitive Michigan markets take ours seriously. There is no hard credit pull for the first conversation.
How much do I need to put down in Michigan?
Conventional loans start at 3 percent for many first-time buyers and 5 percent otherwise, FHA at 3.5 percent, and eligible veterans can buy with nothing down. Twenty percent removes mortgage insurance and usually improves pricing, but it is a choice, not a requirement.
Why is my property tax estimate higher than the seller pays?
Michigan caps how fast a home’s taxable value can rise each year, and that cap comes off when ownership transfers, so your bill resets to the current state equalized value. Budget from the SEV, not the seller’s bill, and file the Principal Residence Exemption after closing. We include the realistic figure in your payment estimate.
Which loan type is right for me?
Credit and down payment usually decide it. Above roughly 680 with a few percent down, conventional tends to cost less over time. Below 620, FHA is usually the realistic route. Eligible veterans should almost always look at VA first. Above the conforming limit, which is $832,750 in every Michigan county for 2026, the loan is jumbo. We price the ones you qualify for side by side.
Get pre-approved in Michigan.
Tell us the price range and what you have saved. A licensed pro will start your pre-approval, usually the same business day. Asking does not start a loan or require a hard credit pull.
Prefer to talk?
248-416-1361
Open 24/7. Ask for your pro by name.
Visit our office
880 W. Long Lake Rd, Suite 300
Troy, Michigan 48098, just off I-75. Free parking.
Licensed and reviewed
Michigan 1st Mortgage Broker/Lender License FL0023852. NMLS #1925352. Rated 4.9 across 5,200+ Google reviews.