Renovation Mortgage Comparison
When it comes to renovation financing, we offer many different loan options for home buyers and homeowners. The Renovation Loans, FHA 203k, VA, & the Fannie Mae Homestyle all have different benefits and pitfalls to them. The chart below compares some of the differences between the programs. The renovation loan process is pretty much the same regardless of which loan program you go with. Mortgage options can be complicated and when you throw repairs into the mix its even more confusing. Give us a call today and we’ll work with you to explore all your options.
| Conventional | Conventional Investment | FHA 203K | VA | |
|---|---|---|---|---|
| Primary Residence | ||||
| Multi-Family Home (2-4 Units) |
||||
| Second Home | ||||
| Upfront Mortgage Ins. | 1.75% upfront | Varies | ||
| Minimum Down Payment | 5% | 20% | 3.5% | 0 |
| Gift Funds | ||||
| Structural Repairs | ||||
| Home Addition |
Latest Blog Post
Refinance to a 15-Year Mortgage in Michigan: Your 2026 Flight Plan to Debt-Free Homeownership
Would you intentionally hand over an extra six figures in interest just to keep your monthly budget slightly more comfortable? Many homeowners in West Michigan are realizing that the traditional 30-year path feels more like a treadmill than a climb toward true ownership. If you feel like your monthly payments aren’t making a dent in your principal, it’s time to explore how to refinance to 15-year mortgage Michigan options. With 15-year fixed rates in Michigan averaging 6.13% as of late June 2026, the opportunity to stabilize your financial future is here, even with recent market volatility.
It’s natural to feel anxious when your hard-earned money is swallowed by interest turbulence while your retirement date looms closer. We believe your mortgage should be a tool for wealth, not a permanent weight on your shoulders. This guide will show you how a 15-year refinance maneuver can shave a decade off your debt and secure your home equity much faster. We’ll preview current rates in cities like Kalamazoo and Portage, explain the equity requirements for a successful transition, and provide a clear flight plan to reach your destination of debt-free homeownership.
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