Loan Options in Michigan and Beyond
Before you can purchase a home or refinance, you need to identify the mortgage product that will meet your needs.
MMS Mortgage Services, Ltd. is a licensed loan originator and servicer. Our range of mortgage products includes options that are ideal for first time or repeat homebuyers, current homeowners, and those who would like to build a home or invest in a vacation home.
We Offer These Types of Home Loans
Conventional
Conventional mortgages are those that are not backed by government agencies such as VA or FHA. When a conventional mortgage fits within the conforming loan limits set by Fannie Mae and Freddie Mac, it is a conforming loan.
FHA
An FHA mortgage is insured by the Federal Housing Administration. FHA loans feature easy credit qualification requirements, low down payments, and affordable interest rates. These features make them popular among first time homebuyers. Repeat homebuyers can apply as well.
VA
A VA mortgages are insured by the Department of Veterans Affairs. This type of mortgage also features easy credit qualifications and affordable interest rates. Plus, eligible applicants can purchase a home with no down payment with this type of mortgage. There is also no PMI.
Jumbo
When a conventional mortgage is for an amount that is higher than the Fannie Mae and Freddie Mac conforming loan limits, it is called a “non-conforming” or “jumbo” loan.
USDA
Another type of mortgage that you can use to purchase a home with no down payment in a rural area is a USDA mortgage. This income-based program is backed by the US Department of Agriculture.
First Time Home Buyers
Shopping for your first home means shopping for your first mortgage as well. We are here to clarify every step of the mortgage process for you and to help you find a suitable loan.
Construction Loans
Is your dream home still on the drafting board? We can connect you with flexible financing for home construction. Sooner than you know, you will be laying the foundation for your future.
MHSDA (Michigan Housing Authority)
Do you need assistance making your down payment? We can help you determine your eligibility for this state program.
Reverse Mortgage
If you want to increase your income during retirement with a financing product that is flexible and affordable, tapping into your home equity using a reverse mortgage maybe just what you need.
Investment Mortgage Loan
For investors looking for a rapid qualification process and flexible financing, MMS Mortgage Services offers no ratio mortgage loans.
Self Employed Loan
If you are looking to purchase a commercial property with 1-4 units, the process is rapid, easy and flexible when you apply for a bank statement loan through MMS Mortgage Services.
Rental Property Loans
Rapidly close on real estate with a full term loan featuring up to 75% LTV.
Apply Now
Are you ready to find the mortgage that ideally suits your needs? Our friendly and knowledgeable experts are standing by.
Please give us a call today at (248) 788-0800 or toll free at (800) 945-4506 then press 2, to schedule your free consultation.
See What Our Clients Are Saying About Us
Tony Moayyer
20:10 13 Apr 23
JoAnn was absolute rockstar! My buyers had to close on our new home in in timely manner and she got it done with absolutely no problems. Always easy to reach her through phone or email and extremely knowledgeable on everything mortgage related. Joann worked day and night to get us closed on time and we are so appreciative of her hard work. If you want a loan officer and team that gets the job done, answers every question, and knows what they’re talking about, then Joann and her team are the team you want in your corner.I’m a realtor and by business is hundred percent depend on customer service. So when understand, acknowledge how important our businesses and time is the essence it made my transaction a lot easier. We’ll definitely return to JoAnn down the road if we ever need anything.Thanks again Sweetheart!!
Lindsey Robbins
12:57 23 Mar 23
We had an Outstanding experience working with MMS Mortgage Services! Thank you for being there with your wisdom through each step of the buying experience. We appreciate everyone who helped along the way.
Aundrea Newbern
16:15 23 Jan 23
I can't say enough good things about this team! If you are looking for a mortgage loan their team is knowledgeable, communicative and they have great rates.
Underwriting Approved Certificate This new program is the highest level of approval a buyer/borrower can obtain without yet choosing a property. Our experienced Loan Officer will open a loan file, assign a loan number, take the application, gather the buyers’ income documents, bank/investment statements and credit report, submit the file for automated underwriting and have a live underwriter approve the loan subject to title and appraisal if required at all.
You cannot get more approved than “Underwriting Approved!” This lets the Seller’s Agent/Broker know the buyer is the real deal and is “Underwriting Approved.”
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MMS Mortgage Services, Ltd. is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines. This material has not been reviewed, approved or issued by HUD, FHA or any government agency. MMS Mortgage Services, Ltd. is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.