Licensed Mortgage Lender in Michigan
Licensed Mortgage Lender in Michigan
Michigan Home Loans Done Right. Licensed, Trusted, and Ready to Close.
Direct Rate is a licensed Michigan mortgage lender with 500+ five-star reviews. Michigan has one of the highest homeownership rates in the country, home prices below the national average, and a large veteran community. Whether you are buying your first home in Metro Detroit, refinancing in Grand Rapids, or financing repairs on an older property, our team has every program you need and the experience to get it done.
Why Michigan Buyers and Homeowners Choose Direct Rate
- Licensed Michigan mortgage lender - NMLS ID 2320473
- 500+ five-star reviews from homeowners across the country
- Experienced in Metro Detroit, West Michigan, and rural markets statewide
- VA loan experts - Michigan has one of the largest veteran populations in the nation
- Strong USDA footprint - much of Michigan sits in an eligible rural area
- Renovation financing for Michigan's older housing stock
- All 9 loan programs available - one lender for every situation
- Pre-approvals ready in 24 hours with a complete file
- Clear communication and no surprises from application to closing
Every Loan Program Available in Michigan
One lender. Every program. We find the right fit for you.
Conventional Mortgage
Competitive rates. PMI removable at 20% equity. Best for buyers with solid credit.
FHA Home Loans
3.5% down. Flexible credit. One of the most used programs by first-time buyers in Michigan.
VA Home Loans
0% down. No PMI. For eligible veterans and active-duty military across Michigan.
USDA Home Loans
0% down in eligible Michigan areas - and a large share of the state qualifies, including much of northern Michigan and the U.P.
Fixed Rate Mortgages
One rate. One payment. Locked in for the life of your loan.
Jumbo Loans
Birmingham, Bloomfield Hills, Grosse Pointe, Ann Arbor, and Traverse City lakefront often require jumbo financing.
Mortgage Refinancing
Lower your rate, access equity, or remove mortgage insurance.
Reverse Mortgages
For Michigan homeowners 62+ looking to access equity in retirement.
FHA 203k Renovation
Michigan has a lot of older homes. Buy a fixer-upper and finance the renovations in one single loan.
Michigan Is a Strong VA Loan Market - and We Know It Well
Michigan is home to one of the largest veteran populations in the United States, with major installations in Metro Detroit, Battle Creek, and northern Michigan. Combine that with home prices below the national average and the VA benefit goes a long way here. Our VA loan team is experienced with every aspect of the Michigan VA market.
- 0% down payment for eligible veterans and active-duty military
- No monthly mortgage insurance
- Competitive rates backed by VA guarantee
- VA IRRRL streamline refinance for existing VA loan holders
- Certificate of Eligibility confirmed as part of your pre-approval
Serving Michigan Veterans and Military Families
Michigan hosts major military installations and a large, established veteran community:
- Selfridge Air National Guard Base - Harrison Township
- Detroit Arsenal (U.S. Army TACOM) - Warren
- Battle Creek Air National Guard Base and Fort Custer - Battle Creek
- Camp Grayling Joint Maneuver Training Center - Grayling
- Alpena Combat Readiness Training Center - Alpena
0% down. No monthly mortgage insurance.
Competitive rates. If you have earned the VA benefit, our team will make sure you get every advantage.
Call Now (210) 909-6999 →Serving All of Michigan
We are licensed to lend throughout the entire state of Michigan.
Don't see your city? We serve all of Michigan, including the Upper Peninsula. Get in touch and we will help.
See What Your Monthly Payment Could Look Like in Michigan
Use our free mortgage calculator to get a quick estimate - then speak with a licensed advisor to get your real numbers.