March 2019

How to Get Approved for a Non Warrantable Condo Loan

By |2019-04-04T15:38:03+00:00March 29th, 2019|Home Loans|

Did you know that even the best buyer with perfect credit and debt to income ratio can still get turned down for a mortgage? How is that even possible? This can happen if a condo is considered non warrantable. Simply put, a non warrantable condo [...]

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February 2019

Grand Rapids Home Loans On the Rise; Listed as One of Top US Housing Markets

By |2019-03-24T20:32:52+00:00February 1st, 2019|Home Loans|

Realtor.com recently produced a report for the top 10 housing markets in the US for 2019. Millennials are applying for mortgages in these cities in record numbers, and the markets are experiencing an influx of job growth and new construction. “These markets are millennial magnets [...]

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September 2018

4 Benefits of Shopping for a New Home in the Fall

By |2019-03-24T20:59:01+00:00September 6th, 2018|Home Loans|

Oakland County Mortgage Lender Explains Benefits of Buying in the Fall Although spring is the most popular time for homebuyers, September and October may be the perfect time to fall in love with your new home. Houses that didn’t sell during the spring and summer will [...]

August 2018

How Student Loan Debt Can Challenge Buyers and What You Can Do About It

By |2019-03-24T20:59:46+00:00August 30th, 2018|Home Loans|

Metro Detroit Lender Explains the Challenge of Student Loan Debt When Buying a Home Unfortunately, student loan debt has made the dream of homeownership seem impossible for many Americans. According to the National Association of Realtors, 45 million people in the United States have student [...]

March 2018

Considering Moving or Refinancing Your Home?

By |2019-03-24T21:43:31+00:00March 16th, 2018|Home Loans|

First Independence Bank, located in Clinton Township, Michigan offers Conventional, FHA, VA, MSHDA and Rural Development loans for both purchase and refinancing transactions. We have a Portfolio Lending Product for those borrowers with special circumstances. We offer financing for Non-Warrantable Condominiums developments. Many renters CAN [...]

January 2018

What Are the Requirements for a MSHDA Loan?

By |2019-03-24T21:50:07+00:00January 24th, 2018|Home Loans|

The MSHDA Home Loan program is a mortgage product that is available to first-time homebuyers state-wide and repeat homebuyers in targeted areas. This type of loan tends to be especially appealing to first time buyers as they can receive up to $7,500.00 for down payment [...]