Find answers to your questions…2024-02-23T14:12:26-05:00

Why use a local lender?

  • We are dedicated to our craft and community

  • We have more programs to fit your individual needs

  • We have the experience to deal with the special properties West Michigan has to offer

  • Transparent and upfront rates, costs, and programs.  No bait and switch.

Frequently Asked Questions

How do I estimate what my monthly payment will be?2019-10-13T19:08:32-04:00

There are many factors that go into calculating your monthly payment including loan amount, interest rate, homeowners insurance, property taxes, PMI, etc. Our job is to analyze each of the things that affect the monthly payment for each house and give you an accurate estimated payment based on the individual house you are interested in.

How do I know what price house I qualify for?2019-10-13T19:45:01-04:00

When we qualify you for a home, what we try to determine is how much payment you can afford. Based on your payment comfortability, we can give you a price range to start searching in. Due to the many factors that go into calculating a monthly payment, you may be able to qualify for a $100,000 house but not an $80,000 house. We will look at each house you are interested in individually and give you customized figures before you make an offer.

Can I borrow more that just the purchase price?2019-10-13T19:14:36-04:00

Typically no. In certain circumstances with RD you can borrower more than the purchase price to cover appliances or minor repairs. Also an FHA 203k loan is a specialized program that you can use to make various repairs to the home.

Where can I find listings of foreclosed properties?2019-10-13T19:24:34-04:00

The best way to locate foreclosed homes is to use a realtor.

How much does it cost to get a loan?2019-10-13T19:10:35-04:00

Loan costs vary per loan. We will work up a detailed itemized list of all the estimated loan fees and costs and present them to you. Some examples of customary charges include an appraisal, credit report, underwriting, title closing fee, title insurance, and recording charges.

How Do I Know What Programs I Qualify For?2019-10-13T19:44:45-04:00

We offer FHA, RD/USDA, Conventional, VA, MSHDA, Rehab/Repair, and New Construction loans. We will take all your information and consider you for all programs. Based on your specific needs and long term goals, we will help you select which program is best for you.

What type of documentation is required for a loan?2019-10-13T19:17:36-04:00

Typically loans require paystubs, 2 years W2’s and tax returns, and recent bank statements. Some customer profiles may require additional things such as bankruptcy papers, divorce decree, or child support documentation.

How much down payment is required to purchase?2019-10-13T19:13:10-04:00

Different programs have different down payment requirements. There are many programs to choose from and some are as little as zero down. It is also important that you understand the difference between down payment and cash to close. The program may require zero down payment but the loan closing costs still have to be paid for which means you may have to bring money to the table to close. However, sometimes the closing costs can be paid for by the seller. We can work with your offer to buy and build in costs to make there be little or no money out of pocket for your loan.

What does my credit score need to be to get a loan?2019-10-13T19:28:09-04:00

We look at more than just your credit score for a loan but typically the minimum score is 620-640.

Do I need to get pre-approved before I can look at houses?2019-10-13T19:26:17-04:00

We recommend it and most sellers won’t consider your offer without one. Our preapproval process does more than just preapprove you to buy a house. As part of our preapproval process we will make sure you know your price range, estimated payments, and estimated cash to close before you make an offer.

Are there any first-time home buyer programs available?2019-10-13T19:44:53-04:00

Yes. We have a wide range of programs to meet many needs which include programs for first-time homebuyers.

Do I need to use a realtor?2019-10-13T19:25:12-04:00

No it is not required but it is highly recommended. A quality realtor has access to all listed properties and can help you negotiate the best price and terms. Also as a home buyer it doesn’t cost you anything.

How do I estimate what my interest rate will be?2019-10-13T19:09:38-04:00

Interest rates vary by credit score, loan amount, program, etc and change daily with market conditions. We will estimate your rate for your individual profile and keep you informed of where rates are and where they are going during your loan process.

How long does it take to close on a loan?2019-10-13T19:15:07-04:00

Most loans can be closed in 3 – 4 weeks. Sometimes bank owned properties or complicated borrower profiles can take longer but some loans can also close quicker.

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What our customers have to say

Jerry Meyer and his team at Metro Mortgage provided us with a truly amazing loan experience from beginning to end! They did their work with speed and knowledge and at the same time added the personal touch that made us feel more like friends than clients!
We are grateful!
James Bare Avatar
James Bare
Josh Long, with Metro Mortgage, came through for us when our other lender was unable to complete our mortgage due to red tape & inflexibility.

We only had 2 1/2 weeks until our closing deadline.

Josh & his team whipped out a solution to our problem & we closed on time!

Can’t thank them enough!

Very happy with this company.
Caleb Follett Avatar
Caleb Follett
Working with Matt from Metro Mortgage was a great experience. The entire team was constantly on the ball. They were able to hurdle every challenge we faced and close the deal on time. Thank you!
Nolan Feldpausch Avatar
Nolan Feldpausch
John Emerson assisted me in financing my new home. He was able to provide different financing options and variables, he was quick to respond and very helpful. Would highly recommend
Josh Marks Avatar
Josh Marks
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