FHA 203k Rehab Mortgage

A select few companies can offer this program, Kaye Financial is one of them.  The 203k program is an amazing program for purchase or refinance.  It allows you to finance a vast array of home improvements into a fixed 30 year fixed mortgage guaranteed by the Federal Government.   The process is no more difficult than qualifying for a regular mortgage and selecting a licensed contractor.  We can help you from beginning to end.
Read more about 203k Rehabilition Loans including eligibility and frequently asked question.

FHA 203b Low Down Payment Mortgage

Standard FHA loan program which allows for as little as 3.5% down on a home purhcase or up to 95% loan to value on a refinance transaction.  In today's market FHA has the best programs for low down payment or maximum cash out refinance transactions.  The FHA provides a very safe mortgage; some of the advantages; low down payment, fixed rates, does not need "perfect" credit, and backed by the federal government. 

Conventional Mortgage

Loan program completed through the government backed agency's Fannie Mae and Freddie Mac.  Although many of there programs have changed there are many types of mortgages still available; Fixed rate, adjustable rate, interest only, etc.  With the current market conditions typically the conventional programs are geared toward premium credit borrowers with at least 20% equity in the home.

Conforming Loans

Conforming long-term, fixed-rate and adjustable loans that meet Fannie Mae and Freddie Mac loan limits and property and borrower guidelines. Generally has higher loan limits than FHA and VA.

Non-conforming Jumbos

Mortgages for loan amounts typically greater than $417,000 for single family homes.  Although the market has changed in less advantages ways for these loans, Kaye has the ability to write these mortgages with select banks at the same rates conventional/conforming mortgages.

Veteran's Administration Loan

Veteran's Administration Loan, one of the last true no down payment mortgages.  The VA allows for veteran's to purchase a home at a fixed rate and not have to pay a down payment and there will be no private mortgage insurance.  The veteran does not have to pay closing costs or the funding fee at time of closing either.

FHA or VA streamline

If you currently have a FHA or VA mortgage you can refinance it to a lower rate if available.  This loan can be done without having to requalify, meaning less paperwork, no appraisal, no need for pay stubs, etc.  The program has VERY few stipulations;  Your payment must be lowered, you can not change the names on the mortgage, the mortgage must be current, no late payments greater than 60 days in the last 12 months, and the new loan amount can not exceed your initial mortgage amount.  Really it is that easy.

Reverse Mortgage

Reverse mortgage, a program for people over the age of 62 to access the equity in there home to stabilize income or eliminate the mortgage payment. The home will be yours forever, you hold title, the bank will not take the home from you. You can take an existing mortgage turn it into a reverse mortgage and eliminate your mortgage payment. You can take the equity in your home and turn it into an income stream to help with anything you may need.
Read more about Reverse Mortgages including features and common myths about Reverse Mortgages.

Rural Development

A select mortgage program for Michigan residents set in rural areas.  This is also one of the few remaining no downpayment programs.

HUD $100 down program

This is a special program that the FHA is using to reduce it's inventory of FHA foreclosed homes. 

Hope for Homeowners (H4H)

Hope for Homeowners is a relief program to help you keep your home, the program has not been fully established and more detailed information is to follow.  Some of the established information;  I can help you get the pieces in place so that when the program has been funded you are ready to go.
Read more about Hope For Homeowners including eligibility and frequently asked question.