VA Mortgage

Loan Options

Michigan Veteran Affairs

Zero Down Loan

Michigan VA home loans allows Veterans that are first time home buyers and current homeowners* to purchase their new home with zero down payment. If you are a disabled Veteran, you do not have to pay the VA funding fee. VA loans are one of the best options for Veterans looking to have the lowest amount of money out of pocket and keep the monthly payment low.

Loan

Features

  • No down payment.
  • Seller can pay up to 6% of the sale price towards your closing costs.
  • No monthly mortgage insurance (PMI).
  • Only eligible Veterans qualify.
  • No geographic restrictions.

General Loan

Requirements

  • No previous mortgage loan late payment in the past 24 months.
  • No foreclosure in the past 36 months. Must have rebuilt credit.
  • No bankruptcies in the past 24 months. Must have rebuilt credit.
  • All court ordered judgments MUST be satisfied or have a satisfactory payment history.
  • Must meet VA rules of eligibility.
  • Request your VA certificate of eligibility.

It’s an honor to serve you

Thank You For Your Service

The VA loans is an honor offered to most active duty, reserve or National Guard and veteran service members, even some surviving spouses. Veterans are able to borrow over $400,000 without any down payment on a principal residence home. According to the VA, almost 90% of VA loans have no down payment. There’s also no minimum credit score requirement for a VA loan, while most home mortgage loans require a credit score of at least 620 for conventional loans or 580 for most FHA loans. A VA loan can also be used to refinance an existing loan.

Do you qualify?

Specific Requirments

VA loans do have specific requirements that most other loans don’t, for instance, All work on the home must be completed before the inspection. Moreover, there can’t be chipped or peeling paint inside or out, or termites or mold or loose handrails. While most home inspectors will merely turn on the home’s furnace to see if it works; the VA requires inspectors to verify that the heat source can keep pipes from freezing.

Contact Us

Get In Touch

Looking for loan advice? We’d be thrilled to talk about our rural development mortgage solutions with you. Call us at 810-227-5600.

Other Loan Options

One size doesn’t fit all. We are confident that one of our loan options will be perfect for you.

203 (k)

Get that home loan and the home improvements all wrapped up in one loan.

Conventional Loan

A standard home loan not needing to be backed up by any other agency.

FHA Loan

Loans backed up by the Federal Housing Administration that require insurance on the loan.

MSHDA Loans

Is a form of a FHA Loan for qualified buyers with a qualified credit score.

Veteran Loans

The VA loan is a mortgage option available to Veterans, Service Members and select military spouses for $0 down.

Physician Mortgage Loan

A Unique loan specially crafted for physicians.

About us

Why Choose Mortgage 1

Since 1994, Mortgage 1 has been helping families throughout Michigan. We offer conventional, FHA, Rural Development, MSHDA and VA home loans for both purchase and refinance. We also offer other loan options if you do not fit the guidelines of these typical mortgage loans, such as Doctor Loans and rehabilitation loans. We will walk you through each step from getting pre-approved, shopping for homes and making an offer.

We believe in treating every client and business partner with the service and respect they deserve. With this principle in mind, it ensures satisfied clients and business partners which result in referrals into the future. I would be honored to assist you and your family with your home loan. Whether you are purchasing your first home or refinancing your current home, allow me to assist you every step of the way so that you have an exceptional experience.

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Mortgage 1 Brighton

Mortgage One Brighton guides clients to the best loan options available from trusted, responsive and confident advisors. We help you achieve the joy of home ownership while we gain life long friends.

Branch

Manager

Rick Fernandez
NMLS #136110

Contact

Get In Touch

(810) 227-5600

5925 Meridian #200
Brighton, MI 48116