• How Much Does Title Insurance Cost in Michigan | Treadstone Funding

    How Much Does Title Insurance Cost in Michigan | Treadstone Funding

    October 6, 2023

    What Is Title Insurance? When you purchase real estate, you are essentially buying the ownership rights to the property, which is represented by the title. Titles can sometimes unearth hidden and unknown defects or discrepancies like liens from unpaid taxes or debts, easements, undisclosed heirs, errors with public records, and fraud or forgeries, threatening the […]

  • Understanding the Michigan Mortgage Credit Certificate (MCC) Tax Credit

    Understanding the Michigan Mortgage Credit Certificate (MCC) Tax Credit

    October 6, 2023

    What Is the MCC MSHDA Tax Credit? A Mortgage Credit Certificate is a federal tax credit based on the mortgage interest paid by a homeowner. The total benefit amount from MSHDA (Michigan State Housing Development Authority) is equal to 20% of a borrower’s total annual mortgage interest. MSHDA offers the Mortgage Credit Certificate (MCC) Tax […]

  • FHA Loans Just Got Easier: Changes to FHA Mortgage Application Rule

    FHA Loans Just Got Easier: Changes to FHA Mortgage Application Rule

    September 19, 2023

    What Changed? The Federal Housing Administration, the government agency that backs FHA Loans, had a policy to flag an applicant who was rejected for an FHA mortgage. This flag stayed with the borrower(s) for a six-month period, and it was accessible to all other lenders. The idea was to help them decide if you were […]

  • The Family Assist Program Explained

    The Family Assist Program Explained

    August 29, 2023

    What Is the Family Assist Program? The Family Assist Program, also known as the Family Opportunity Mortgage Program, was established to make it easier for family members to acquire homes for their loved ones. This program addresses the challenges faced by families aiming to help their elderly or disabled family members find safe and convenient […]

  • Buy a Home for $100 Down – HUD Homes

    Buy a Home for $100 Down – HUD Homes

    August 18, 2023

    If homeownership feels far out of your reach because you have been struggling to save enough money to afford a sizable down payment, there might be another way for you to secure your own home. In fact, purchasing a HUD home may mean you only need a $100 down payment. But what are HUD homes […]

  • The Benefits of Homeownership

    The Benefits of Homeownership

    June 28, 2023

    While we love to celebrate the joys of homeownership year round, June is officially National Homeownership Month! This is a month to promote the benefits of homeownership and recommit to creating opportunities for future homeowners. The Department of Housing and Urban Development has committed to providing affordable, accessible, and equitable homeownership for Americans nationwide.   […]

  • Conventional Home Limits for 2024

    Conventional Home Limits for 2024

    June 19, 2023

    Understanding your mortgage goes beyond calculating your payment and reviewing the terms of your loan. Monthly payments and interest rates aside, the first step is understanding what kind of loan you’ll need to secure for the specific home you want to purchase. If you are seeking a conventional or conforming loan, you will have to […]

  • Michigan Down Payment Assistance Programs for First-Time Home Buyers

    Michigan Down Payment Assistance Programs for First-Time Home Buyers

    May 1, 2023

    Homeownership might not be as far off as you think with Treadstone’s down payment assistance options! For first-time home buyers, these options directly decrease the amount of cash needed at closing, making home ownership achievable for more buyers. Not all programs or options are available for all buyers. If you’re starting the search for a […]

  • You Won’t Get a Better Interest Rate With a Lower Credit Score

    You Won’t Get a Better Interest Rate With a Lower Credit Score

    April 25, 2023

    The Media is Wrong In the last few days, we’ve heard the news advertising how new changes rewards people with low credit with better interest rates. It’s not what it seems! We aim to deliver information that is simple and clear enough that the average home buyer could understand without having to scratch their head too much! […]

  • Conventional Loans Explained for First-Time Home Buyers

    Conventional Loans Explained for First-Time Home Buyers

    April 10, 2023

    What is a Conventional Loan? A Conventional Loan is a type of mortgage that is not insured or guaranteed by the government, but rather by mortgage companies! It is called a “Conventional” Loan because it follows the guidelines set by Fannie Mae and Freddie Mac, two government-sponsored enterprises that purchase and sell mortgage loans in […]