5.0 · 40 five-star Google reviews · Veteran-owned · Milford, Michigan · NMLS #2497854
McKenney
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Loan Programs

Every loan a Michigan buyer needs — under one roof.

FHA, Conventional, VA, USDA, Jumbo, DSCR, Fix & Flip, HELOC, Wealth Builder First-Lien HELOC, Second Mortgage, Bank Statement, Reverse Mortgage, plus every construction and renovation product (Conventional, FHA 203(k), VA, USDA) — all shopped across dozens of wholesale lenders. Wholesale pricing, not retail markup from a bank that only has three products.

Purchase 16 Programs

FHA Loan

Government-insured, flexible credit, lower down payment. The workhorse for first-time buyers.

FHA details →

Conventional Loan

The benchmark. A low down payment for first-time buyers, PMI you can ask to cancel once your balance reaches 80% of the original value, and pricing that rewards the credit you built.

Conventional details →

VA Loan

Zero down, no PMI, competitive rates. Earned by service — don't leave it on the table.

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USDA Loan

Zero down for rural and suburban Michigan. Eligibility is by ZIP — worth the 2-minute check.

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Jumbo Loan

Above conforming limits. Custom underwriting for higher-value Michigan purchases.

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First-Time Home Buyer

FHA, conventional, VA and USDA — the full menu for buyers with one shot to get it right.

First-buyer guide →
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Low Down Payment

Conventional, FHA, VA and USDA all have a low or zero down option. Pick your path.

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Conventional Construction

Build your primary home — finance the land, the build, and the permanent mortgage in one closing.

Construction guide →

FHA Construction

FHA's one-time-close construction loan. Build it, live in it, low down payment. No re-qualifying at the end.

Construction guide →

VA Construction

Zero-down construction for veterans. Build new, close once, finish with your permanent VA mortgage.

Construction guide →

USDA Construction

Zero down in USDA-eligible areas — and more of Michigan qualifies than you'd think. Build where the land is, close once.

Construction guide →

Conventional Renovation

Buy the house AND the renovation budget in one conventional loan. No construction-draw circus.

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FHA 203(k) Renovation

FHA's renovation loan. Buy a fixer and fund the rehab with one FHA loan. Limited and Standard versions available.

203(k) guide →

VA Renovation

Buy a distressed property AND the rehab budget through VA. Zero down, renovation capital, one closing.

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Buy Before You Sell / Bridge

Bridge loans, HELOCs and a guaranteed backup contract on your current home — the ways to buy the next house before you sell this one.

Move-up guide →

Seller-Paid Buydown

Negotiate a temporary rate reduction into your offer. Lower payment for the first 1–3 years.

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Refinance 4 Programs

Rate/Term Refinance

Lower rate, shorter term, or out of the loan you got in 2021. Reset to today's math.

Refi details →

Cash-Out Refinance

Pull equity out for home improvement, tuition, or debt consolidation. One loan, one payment.

Refi details →

VA IRRRL Streamline

Interest Rate Reduction Refinance Loan — VA-to-VA streamline. Typically no appraisal, no income docs, same VA loan type. Faster and cheaper than a standard refi.

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VA Cash-Out Refinance

Refi a non-VA loan into a VA loan AND take cash out. Up to 100% LTV in many cases — a benefit most veterans don't know they can use.

VA refi details →
Home Equity & Reverse 5 Programs

Wealth Builder First-Lien HELOC

A first-lien HELOC that works like a mortgage and a checking account in one. Your deposits sit against the balance until you spend them, which can lower the interest you pay if your cash flow supports it. It isn’t for everyone, so I run it side by side with a traditional loan before you decide. Available for primary, second, and investment properties.

HELOC details →

HELOC

Tap your equity without refinancing your first. Draw when you need it, pay only on what you use.

HELOC details →

Second Mortgage

Fixed-rate second lien. Take a lump sum, keep your first mortgage rate. HELOC's more predictable cousin.

Home equity details →

Reverse Mortgage (HECM)

Age 62+? Convert part of your equity into monthly advances, a line of credit, or a lump sum, with no required monthly principal and interest payment while you live there. Taxes, insurance and upkeep stay yours. FHA-insured and non-recourse, and your heirs keep any remaining equity.

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HECM for Purchase

Age 62+ and ready to right-size? Use a reverse mortgage to buy the next home, combining your own down payment with HECM proceeds, with no required monthly principal and interest payment afterward. Taxes, insurance and upkeep stay yours.

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Investor 3 Programs

Investment Property

Second home, rental, multi-unit. Non-owner-occupied financing for the long game.

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DSCR Loan

Qualify on the property's rental income, not your W-2. Built for investors scaling a book.

DSCR details →

Fix & Flip

Short-term capital for purchase + rehab + carry. Exit when you sell, not 30 years later.

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Non-QM / Alternative Doc 2 Programs

Bank Statement Program

Self-employed? Your tax returns understate your income. 12–24 months of deposits can tell the real story.

Bank statement details →

Non-QM / Alternative Doc

Beyond DSCR and Bank Statement: P&L Only, 1099 Only, Asset Depletion, Foreign National, ITIN. If your tax returns don't tell the story, one of my wholesale lenders has a product that does.

Self-employed options →
Program Questions

Not sure which program fits? Start here.

I'm self-employed and my tax returns don't show much income. Can I still qualify?
Yes — bank statement loans qualify you on 12–24 months of business or personal deposits instead of tax returns. No W-2s, no paystubs. Details on our self-employed loans page.
What's the lowest down payment I can make in Michigan?
Eligible veterans can buy with $0 down through VA. FHA opens at a 580 credit score with a low minimum down payment, and qualified first-time buyers reach conventional’s lowest tier. Which one wins depends on your credit and the property — that's the conversation to have with me.
How does a DSCR investor loan work?
DSCR loans qualify on the property's rental income, not yours — no tax returns, no W-2s, no employment verification. If the rent covers the payment, the deal can work, and there are options even when the ratio falls short of 1.0.
Do you handle reverse mortgages?
Yes — HECM reverse mortgages for homeowners 62 and older, including HECM for Purchase, which lets you buy a new home with no required monthly principal and interest payment. Property taxes, insurance and upkeep remain your responsibility, and the loan balance grows over time.
How much should I budget for closing costs in Michigan?
Plan on roughly 2–5% of the purchase price, plus prepaid taxes and insurance on top. Michigan has its own quirks — the transfer tax is the seller's under state law, and summer/winter property taxes are prorated differently depending on the township. Full line-by-line walkthrough on our Michigan closing costs guide.
Which loan program is right for me?
Twenty years in this business has taught me one thing: no two situations are the same. Tell me what you're trying to do — buy, refinance, pull equity, invest — and we'll figure it out.
Start here if you don't have a price yet

What can you actually buy in Michigan?

Every other calculator asks you for the home price. This one gives you one — from your income, your monthly debts and what you've saved — using your own township's real millage instead of a national average. No email, no credit pull.

Find my price range →

Not sure which program fits? We'll figure it out.

Tell me about your situation — first-time buyer, refi-curious, self-employed, scaling a rental book — and I'll tell you which wholesale lender has the right product at the right rate.

Book a 15-Minute Strategy Call →
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