Conforming Loans

Loans that conform to Freddie Mac and Fannie Mae (Government Sponsored Entities) Guidelines are known as conforming loans.  The maximum loan size in Michigan is $417,000.  These loans must meet the standard criteria for these two GSE's.

An applicant seeking to borrow using a conforming loan generally has strong credit scores and a minimum of 5% down payment. 

Loans are made for amortizations up to 30 years and for primary residences, second homes used for vacationing, and investment properties.