Northern Michigan home buyers have a variety of loan options available, including conventional loans, government loans, and other programs. Below are some of the available choices, each with their own set of qualifications and requirements.
To become a top mortgage lender in Michigan, it takes time and effort. We have worked tirelessly for years to ensure that the mortgage process is seamless and hassle-free. Whether you are a first-time home buyer or a current homeowner, we provide services, tools, and resources that extend well beyond the closing date.
The charm of downtown Traverse City is unmatched, and it doesn’t get much more beautiful than this in Michigan.
Contact a Loan Officer in Traverse City to get started! Our pre-approval is your key to start hunting for homes — typically, you can’t start your home search without a mortgage pre-approval. The best part? It’s free!
Interest rates for home loans in Traverse City can be as volatile as gas prices, changing daily and even hourly at times. To give you an idea of interest rate trends, take a look at the following overview.
It’s important to keep in mind that individual interest rates are influenced by a variety of factors, such as the broader economic market or your personal credit history. The rates listed below are not a direct quote, and your rate is likely to differ.
Residential homes are the only type of property that Treadstone Funding finances, making our service and knowledge far better than corporations who juggle other forms of financing. Plus, our staff is comprised of locals who love what they do!
Read more about what makes Treadstone one the greatest mortgage lenders in Michigan.
Yes — most homebuyers in the Traverse City area can buy with 0% down using either an RD (USDA) Loan or a VA Loan. The City of Traverse City itself is classified as USDA-eligible (verified via the official USDA eligibility map as is most of Grand Traverse, Leelanau, Antrim, Benzie, and Kalkaska Counties. This makes TC one of the few cities its size in Michigan where the RD program still applies.
Income limits and property type apply, so we’ll verify both the address and your eligibility before you write an offer. VA Loans require veteran, active-duty, or surviving-spouse status and can be used anywhere. Treadstone also offers down payment assistance that can bring your out-of-pocket close to zero. Read more about zero-down loans!
Yes, it is possible to buy a home with past bankruptcies or financial trouble. Treadstone can help you make an expert plan make homeownership a possibility.
With a small population around 15,000 people, Traverse City offers a quiet, outdoor-focused lifestyle with a relaxing charm. Residents can choose from downtown condos to rural homes to enjoy warm summers and snow-packed winters.
While it may be known for its wine tasting in the summertime, Traverse City also has beautiful beaches, events, great food, and plenty of things to do throughout the year. During the colder months, skiing, snowboarding, ice fishing, and snowmobiling are popular activities.
Traverse City is an outdoors paradise, and the cost of living remains low without sacrificing common big city amenities. A thriving economy and serene atmosphere make northern Michigan a perfect place to call home for families, working professionals, and retirees alike.
