Detroit Mortgage Company

Want a condo, townhome, single-family residence or villa? No matter your homeownership goals, the professionals at Homesite Mortgage, LLC can help you explore mortgage options suiting your preferences.

Enjoy a seamless and convenient experience from start to finish. After submitting an application, you may get approved in as little as 24 hours. We offer competitive rates and ensure you make an informed decision.

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Explore Our Detroit Mortgage Options

No two homebuyers are the same — that's why we offer various loan options to suit your wants and needs. Discover the right mortgage for your future Detroit house today.

Conventional

A conventional home loan isn't insured or guaranteed by the government — lenders back the loan instead, which makes the underwriting criteria more strict. This mortgage type may be a good option if you have a high credit score and a low debt-to-income ratio.

Eligible borrowers can choose their preference of nonconforming or conforming conventional mortgages. Conforming loans follow guidelines set by the Federal Housing Finance Agency (FHFA). Eligible borrowers can typically choose 15- or 30-year terms with fixed or adjustable interest rates.

USDA

The United States Department of Agriculture (USDA) supports home loans. The mortgages are a part of the USDA Rural Development Guaranteed Housing Loan Program, which aims to provide financial support for low-income borrowers located in rural areas.

USDA loans don't require a down payment and come with low, fixed interest rates. To qualify, a property must be located in a USDA-approved area, and the borrowers can't exceed income limits.

FHA

A Federal Housing Administration (FHA) loan is backed by the U.S. Department of Housing and Urban Development and provided by FHA-approved lenders. The mortgages are helpful for eligible borrowers with lower credit scores or limited savings.

Eligible borrowers may qualify for a minimum 3.5% down payment with a credit score of 580 or higher. You may still qualify for an FHA mortgage even if you don't meet the requirements of a conventional loan or if you've had bankruptcy.

Specific types of FHA loans can finance new construction, renovate a preexisting property or refinance a home. The properties must undergo an FHA appraisal and meet government standards to qualify for an FHA loan.

VA

The U.S. Department of Veterans Affairs (VA) guarantees a portion of VA home loans. The loans help eligible veterans, service members and their families buy or build a primary residence, cover renovation costs or refinance a current mortgage.

Some VA loans are available with no down payment and no private mortgage insurance (PMI) requirements. The loan program limits the closing costs borrowers may be charged and provides the right to prepay a mortgage without penalties.

Potential borrowers will need an issued Certificate of Eligibility (COE) to qualify. If you have already bought and sold a property refinanced with a VA mortgage, you may be eligible to have your COE restored.

Why Choose Us as Your Detroit Mortgage Company?

Homesite Mortgage, LLC provides customers with:

  • Exceptional customer service: Our licensed mortgage bankers have the expertise to answer your questions and recommend the best solutions suiting your needs. We are dedicated to providing all the resources and information you need to feel confident in your decision.
  • Dependable solutions: We allow you to plan weeks ahead — our Closing Day Guarantee gives you peace of mind knowing you'll close your purchase on time. Our quick-close mortgage process typically allows you to close your loan in 18 to 20 business days.
  • Competitive rates: Our low interest rates and closing costs offer saving opportunities. We have flexible lending criteria, and our team of licensed bankers, loan processors, underwriters and closers go above and beyond to get you the best mortgage possible.
  • Online tools: We offer a simple and quick way to research loan options. Our specialized mortgage calculators estimate how much your mortgage payment would be based on different loan sizes and interest rates.

Get Your Dream Home With an Experienced Mortgage Company in Detroit

Whether you're a new homebuyer or have bought several properties, we can help. Homesite Mortgage, LLC provides a smooth and stress-free home-buying experience. Depending on the loan you choose, we offer terms with 15-, 20-, 25- or 30-year mortgages.

Ready to learn more and discover your home loan options? Contact our team today to start. We look forward to providing you with more information and answering your questions.

Are You A First Time Home Buyer?

Our Learning Center is designed to provide you with the information that you need when shopping for a mortgage. We’ll tell you what questions to ask and what warning signs to look for in your pursuit of finding the best lender.

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Use our Mortgage Calculator here.