Looking for a reliable Michigan mortgage lender? AD Mortgage helps brokers and loan originators solve more borrower scenarios with over 20 years of industry experience.
As of August 2026, Michigan has 38,650 homes for sale, with an average home value of $266,292, according to Zillow. Home values are up 4.0% year over year, while homes typically go pending in about 13 days.
For buyers, the right financing may depend on credit, down payment, property type, occupancy, income documentation, and loan amount. Conventional, FHA, VA, jumbo, and eligible Non-QM options can each serve different purchase, refinance, self-employed, or investment-property scenarios.
AD Mortgage offers Michigan brokers a broad selection of mortgage solutions to help match borrowers with financing that fits their complete profile. Program availability and underwriting decisions depend on current guidelines and the full loan scenario.
AD Mortgage offers a versatile range of mortgage solutions that help mortgage professionals serve a wide variety of borrower needs. From traditional home financing to flexible options for complex income, investment, and property scenarios, our programs support brokers in finding the right fit for each client.
An affordable financing option with standard requirements
Close DSCR loans with fast turn times
A perfect fit for self-employed borrowers
Get 50 bps with all Rate Buydowns. Add flexibility with Lender-Paid or Seller-Paid options.
Choose from 1-0, 1-1, 2-1, and 3-2-1 options to help borrowers lower their initial monthly payments.
For primary residences and 2nd homes on 30-Year Fixed Super Prime, Prime, and Fixed Conventional. 
Michigan property taxes are levied locally and can vary by county, city, township, school district, and property value. Eligible homeowners may claim a Principal Residence Exemption (PRE), which exempts a principal residence from up to 18 mills of local school operating taxes. Property taxes may be collected through a monthly mortgage escrow account.
Michigan closing costs may include lender fees, appraisal, title and settlement services, recording fees, prepaid interest, homeowners insurance, escrow deposits, mortgage insurance, and optional discount points. Buyers may also encounter Michigan’s real estate transfer tax, generally paid by the seller, while county and state recording fees may apply to deeds and mortgage documents. Actual costs vary by loan program, property, transaction, and service providers.
Eligible Michigan homebuyers may receive down payment, closing costs, and prepaid-expense assistance through the Michigan State Housing Development Authority (MSHDA). The MSHDA MI 10K DPA Loan provides up to $10,000 for eligible buyers using an MSHDA MI Home Loan. It is a 0% interest deferred second mortgage with no monthly payments, and homebuyer education is required.
Disclaimer: Mortgage rates, program availability, property taxes, and closing costs are subject to program requirements and availability. This information is provided for general educational purposes only and is not intended as legal, tax, or financial advice.
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How Can I Compare Michigan Mortgage Rates and Closing Costs?
To compare mortgage rates and closing costs, use the same loan amount, term, program, occupancy, points, and lock period. Look at both the interest rate and APR, and review itemized costs or Loan Estimates where applicable. Mortgage brokers can use Quick Pricer to price different scenarios and evaluate options for their clients.
What is the Difference between a Mortgage Broker and a Wholesale Lender in Michigan?
A mortgage broker works with borrowers to identify and place suitable financing options, while a mortgage lender underwrites and funds the loan. Wholesale lenders work through mortgage professionals such as brokers, whereas banks and direct lenders typically originate loans directly with borrowers.
How Can Michigan Brokers Check Guidelines and Submit a Loan Scenario?
Michigan brokers can use ADwise to check AD Mortgage guidelines, program requirements, and policy questions. Brokers can also submit a loan scenario with key details such as FICO, LTV, loan purpose, occupancy, and income type.
How Can a Michigan Mortgage Broker Contact AD Mortgage Support?
Michigan broker partners can contact AD Mortgage Partner Support by phone, email, or video call, or reach out to their Account Executive directly.
What Credit Score and Down Payment Do I Need for a Mortgage in Michigan?
There is no universal Michigan minimum because credit score and down payment requirements vary by program, property, occupancy, loan amount, underwriting findings, and borrower profile. Brokers can submit a scenario to see what terms their client can qualify for.
How Do I Compare FHA Lenders in Michigan?
When comparing FHA lenders in Michigan, check that each lender is authorized to operate in the state and approved to originate FHA loans. Compare program requirements, rates, closing costs, and support for your particular scenario. AD Mortgage offers several FHA options, including FHA Standard for eligible borrowers. FHA loans are not limited to first-time homebuyers, and loan amounts are subject to current FHA limits and program requirements. A Michigan FHA lender must be licensed to operate in the state. For example, AD Mortgage holds Michigan 1st and 2nd Registrations #FR0023142 and #SR0024850.
Are VA Mortgage Options Available for Eligible Michigan Borrowers?
Yes. AD Mortgage offers VA loan programs to eligible Michigan borrowers. The VA Standard program offers loan amounts up to $2 million, no down payment requirement for eligible borrowers, and a minimum FICO score of 580.
Can Self-Employed Michigan Borrowers Qualify Using Bank Statements?
Yes. Eligible self-employed borrowers may qualify using personal, business, or combined bank statements rather than tax returns through AD Mortgage’s Bank Statement loan program.
Can Investors Use a DSCR Loan for a Michigan Rental Property?
Yes. Investors can use a DSCR loan to finance eligible Michigan rental properties – for example, AD Mortgage’s DSCR loan program. Lender approval is separate from local requirements, so investors should also check with the applicable city or township for permission to operate a rental.
Where Can I Find MSHDA-Approved Lenders in Michigan?
You can find MSHDA-approved lenders through the official MSHDA participating-lender list. Lender participation can vary by MSHDA program, so check the current list to confirm that a lender participates in the specific program you need.
How Does the MI 10K Down Payment Assistance Loan Work?
The MI 10K DPA Loan provides up to $10,000 toward a down payment, closing costs and prepaid expenses. It must be paired with an MSHDA MI Home Loan, and borrowers must complete a required homebuyer education course. Eligibility and application requirements are available through MSHDA, and applications must be submitted through a participating lender.
What Should I Check When Looking for FHA 203(k) Lenders in Michigan?
Check the HUD lender list for lenders with 203(k) experience. Standard 203(k) is designed for major rehabilitation, while Limited 203(k) is intended for minor, nonstructural improvements.
Can I Finance a Manufactured or Mobile Home in Michigan?
Financing options depend on factors such as how the home is titled, whether it has a permanent foundation, whether you own or lease the land, the property’s age, and the applicable loan program requirements. A manufactured home that qualifies as real property may be eligible for a mortgage, while a home-only or chattel loan is generally secured by the home rather than the land. Confirm the lender’s current eligibility requirements before choosing a financing option.
What are the Conforming and FHA Loan Limits in Michigan?
FHA and Conventional loan limits in Michigan vary by county and number of units and are updated annually. Use HUD’s FHA loan limit lookup and Fannie Mae’s Conventional loan limit tools for current limits by county. For example, in 2026, the baseline conforming loan limit is $832,750 for one-unit properties in Michigan.
Why Might Michigan Property Taxes Change after I Buy a Home?
Michigan property taxes may change because a qualifying transfer of ownership can uncap the property’s taxable value in the year after the transfer. The timing and amount can vary, and exemptions such as the Principal Residence Exemption may affect the tax bill.
What Closing Costs Should Michigan Homebuyers Budget for?
Michigan buyers should budget for lender fees, appraisal, credit report, title and settlement services, recording and government fees, and prepaid and escrow items such as property taxes, homeowners insurance and mortgage insurance. Note that the down payment is separate from closing costs.
Does AD Mortgage Have an Office in Michigan?
Yes. AD Mortgage’s office is located at 5440 Corporate Dr., Suite 401, Troy, MI 48098. Visit the Contacts page for a map and contact details.
Is AD Authorized to Lend in Michigan?
Yes. A&D Mortgage LLC is registered with NMLS #958660 and holds Michigan 1st and 2nd Mortgage Broker/Lender/Servicer Registrations #FR0023142 and #SR0024850. Visit the Important Disclosures page for more licensing details.
How Do Michigan Mortgage Brokers Become AD Mortgage Partners?
Michigan mortgage brokers can complete the Broker Package to begin the approval process and gain access to AD Mortgage programs, technology, and partner support.
