(248) 538-1500

HomePurchase

How do I qualify for a loan?

Lenders assess your eligibility by calculating your debt-to-income ratio (DTI), which is the proportion of your total monthly debt (including proposed housing payment and regular debt) to your gross monthly income. The acceptable DTI threshold may vary depending on the loan program you apply for.

Kaye Financial Corporation
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To schedule an appointment with any of our advisors, stop by our front desk, or call +1 (248) 538-1500 during our normal business hours. Feel free to use our online tools to learn more about home loans and find the best loan options to suit your needs and goals. You can explore our site without any obligation or disclosure of personal information. If you’re ready to inquire about a mortgage, you can begin the process by making an appointment online.

We're here to assist you Monday through Friday from 9:00am to 5:00pm and on Saturdays from 9:00am to 12:00pm. Our office is closed on Sundays. Let us know how we can help you.

Contact Us
Phone: +1 (248) 538-1500
Email: info@kayefinancial.com

Corporate Office
Kaye Financial Corporation
31100 Northwestern Hwy
Farmington Hills, MI 48334

NMLS® Consumer Access
NMLS #130290
Licensed to Do Business in the State of MI, AZ, CA, CO, FL & TN

Home Purchase Loans

Simplify the home buying process with our hassle-free mortgage loans. We offer a variety of purchase loan options tailored to fit your unique needs and goals. Whether you’re looking to buy your first home, upgrade to a larger property, or invest in real estate, our team of experts is here to guide you through the process and ensure you get a competitive rate. Say goodbye to the stress of financing and hello to your dream home with our easy and efficient mortgage solutions.

Navigating the home loan process can be overwhelming, but we’re here to make it easy. With our expert guidance and user-friendly tools, you’ll have everything you need to make informed decisions and secure the right loan for your needs.

Start by requesting a pre-approval letter and we’ll guide you through the process. From there, our team will help you compare and understand the differences between loan programs, so you can choose the one that’s right for you. Whether you’re a first-time homebuyer or a seasoned pro, we’re committed to helping you find the perfect loan for your next purchase.

Loan Process

Our home purchase loan process is designed to make the experience of buying a home as seamless as possible. Here’s a step-by-step breakdown of how it works:

  • Take the first step towards owning your dream home with our easy pre-approval letter request.
  • Discover the best mortgage options tailored to your specific needs and financial situation with our personalized loan options.
  • Evaluate the best mortgage options for you by comparing interest rates and terms with our comprehensive loan comparison tools.
  • With our expert guidance and personalized loan options, you’ll be able to find the right mortgage that fits your needs.

Fixed-Rate Mortgage

A fixed rate mortgage is a type of home loan in which the interest rate remains the same for the entire term of the loan, typically 15 or 30 years.

FHA Loan

An FHA loan is a type of mortgage insured by the Federal Housing Administration (FHA) that allows for a lower down payment and relaxed credit requirements.

203K Loan

An FHA 203k loan is a type of mortgage that allows for the purchase and renovation of a property using a single loan, with the cost of renovations rolled into the mortgage.

Adjustable-Rates Mortgage

An adjustable rate mortgage (ARM) is a type of home loan in which the interest rate can change, typically based on a financial index, over the course of the loan.

HARP Loan

Government-backed program that allows homeowners who are current on their mortgages but have little or no equity to refinance into more affordable loans.

Jumbo Loans

A jumbo loan mortgage exceeds the limits set by the Federal National Mortgage Association and typically requires a larger down payment and higher credit.

Reverse Mortgage

A reverse mortgage is a type of loan that allows homeowners who are 62 or older to convert a portion of the equity in their home into cash while they continue to live in the home.

USDA Loan

A USDA loan, also known as a Rural Development loan, is a government-backed mortgage program that provides borrowers in rural areas with the opportunity to purchase or refinance a home with little or no down payment.

VA Loan

A VA loan is a type of mortgage that is guaranteed by the U.S. Department of Veterans Affairs (VA) and is available to eligible veterans, active duty military members, and certain surviving spouses.

It's important to note that the availability of these options depends on the borrower's qualifications.

Get Your Pre-Approval Letter Now!