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Open Doors Grant
May 27, 2025
At Treadstone, we believe that the door to home ownership should be easier to open — and the Open Doors Grant is here to help make that possible! With the Open Doors Grant, you could receive up to $2,500 toward your down payment or closing costs — no strings attached. Seriously. This grant is national, […]
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HELOC
May 27, 2025
Imagine a brand-new kitchen, a backyard oasis, college tuition covered, and debt paid down. A HELOC (Home Equity Line of Credit) allows you to tap into your home’s equity to fund what matters most to you. Unlike a traditional loan, a HELOC offers flexible access to a revolving line of credit, allowing you to borrow […]
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DSCR Loan
May 27, 2025
A DSCR (Debt Service Coverage Ratio) Loan helps real estate investors qualify for a mortgage based on the property’s rental income rather than personal income. To determine eligibility for DSCR Loans, we instead evaluate the rental income in relation to the loan payment. This type of loan is ideal for real estate investors, buyers of […]
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Veterans VA Renovation Loan
November 26, 2024
The Veteran’s Renovation Loan works just like a normal VA Loan, but allows for renovations to be done to a home after closing, with all renovation costs being added into the original loan. This loan is a great option for veterans because it opens up so many more possibilities in a tight housing market. The […]
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Down Payment Assistance
October 4, 2023
Homeownership is closer than it appears with the Michigan State Housing Development Authority (MSHDA) Down Payment Assistance Program. The funds provided by this program can be used for closing costs, pre-paids, and the down payment itself. The Down Payment Assistance (DPA) funds are not “free” money — it’s a state loan at a zero percent […]
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2–1 Buydown
October 4, 2023
Buy in today’s hot market, with yesterday’s low rates! The 2-1 Buydown is an exciting financing option that lowers the interest rate on the buyer’s mortgage temporarily, making the first two years of homeownership more affordable. How does it work? The seller or builder kicks in enough money to reduce the buyer’s mortgage rate for […]
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Home Possible Loan
October 4, 2023
The Freddie Mac Home Possible® Loan offers more options and credit flexibilities than ever before to help very low to moderate income borrowers attain the dream of owning a home. Home Possible features a low down payment requirement, allowing as little as 3% down, and allows down payment funds from a variety of sources. Works […]
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HUD Loan
October 4, 2023
A HUD home is a type of residential foreclosure where ownership belongs to the U.S. Department of Housing and Urban Development (HUD). With our all-in-one loan options, you can buy and fix up a HUD home for as little as $100 down. Whether the home needs minor repairs or major remodeling, we’ve got you covered. […]
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Community Lending Program
October 4, 2023
As a local mortgage company in the community for over 20 years, Treadstone is committed to supporting the many areas that our employees, clients and neighbors call home. We created our Community Lending Program to help meet the home ownership needs of low-to-moderate income communities. Borrowers purchasing homes in eligible areas, as their primary residence […]
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Family Opportunity Mortgage Program
October 4, 2023
We make it easier for families to help other members of their immediate family purchase a home who may not qualify for mortgage on their own. The Family Opportunity Mortgage Program lets parents purchase a home for an adult child with a disability, or adult children purchase a home for their elderly parents—without the expense […]