Buying your first home can be easy when you find the right loan. MMS Mortgage Services is here to help you do it quickly so you can get the keys to your new home.

Discover Your Ideal Loan Product

There are a number of different types of mortgage products that are suitable when you are shopping for your first home.

MMS can assist you in assessing which type of home loan will fit your requirements.

Conventional
A home loan that is not backed by a government agency is called a conventional mortgage. If it also fits in the conforming loan limits for Fannie Mae and Freddie Mac, it is a conforming conventional loan.

Jumbo
When the conforming loan limits are too restrictive, you can turn to a Farmington Hills jumbo mortgage to purchase your home.

FHA
A home loan backed by the Federal Housing Administration is known as an FHA mortgage. Among the most popular first time homebuyer loan options, FHA mortgages feature easy credit qualifications and other benefits.

VA
A loan backed by the US Department of Veterans Affairs is called a VA mortgage. You can buy a home with zero down payment using this type of home loan. You do not have to pay for PMI.

USDA
A loan backed by the US Department of Agriculture is a USDA mortgage. Apply through this income-based program to buy a home in a rural area with zero down payment.

Construction

If you want to build your first home from the foundation of, you can apply for a construction loan.

We Can Help With Down Payment Assistance

First time homebuyers often tell us they are concerned about how they will afford to make their down payment.

Some types of mortgages we offer can have very low down payments or no down payment. But if you are still not sure if you can afford to move into a home, you can look into down payment assistance programs.

In fact, if you live in Michigan where our offices are located, we can help you apply for the MI Home Loan program through the Michigan State Housing Development Authority (MSHDA).

Buy Your First Home Now

You are excited to move into your new home, and we are excited to get you there. To apply for your first mortgage, please call (248) 788-0800 or toll free at (800) 945-4506 then press 2, to schedule your free consultation.

Along with Michigan, we are also licensed in Alabama, Colorado, Connecticut, Florida, Indiana, Iowa, Kentucky, Louisiana, Massachusetts, Michigan, New Hampshire, North Carolina, Ohio, Pennsylvania and Tennessee.