This loan option may allow for lower mortgage interest rates initially, which may result in lower initial monthly payments. An ARM typically carries a lower interest rate and adjusts annually.
Intended for homebuyers with excellent credit who seek competitive home financing for loan amounts greater than the conforming loan limit of $484,350.
Loan amounts up to $1.5 million
Eligible properties include primary residences and secondary homes
If you are looking to buy a non-standard condominium, or if you are under contract to purchase a non-warrantable condominium, we have loan options to fit your needs.
Loan amounts up to $750,000
Adjustable and fixed-rate options
Primary residence and second homes are eligible
New, newly converted and mixed-use projects may be accepted
The HomeReady loan from Fannie Mae may help you afford a home sooner than you think!
Highlights of the program include:
Low down payment
Reduced interest rate
Borrower is not required to be a first-time homebuyer
May be used for purchase or refinance of current mortgage loan
Convenient online homebuyer education courses for purchaser
Section 8 income accepted
Fannie Mae student loan solutions
Through Fannie Mae, we are able to offer options to make homeownership more affordable for borrowers with student debt. These solutions include:
Student loan cash-out refinance
Offers current homeowners the flexibility to use their home equity to pay off high interest rate student loans.
Debt paid by others
Excludes non-mortgage debt (including credit cards, auto loans and student debt, paid by someone else) from the borrower’s debt-to-income ratio, which can increase eligibility to qualify for a home loan.
Ready to get started?
TCF mortgage loan originators are highly skilled and trained to help you navigate the complete landscape of home loan financing.
Over time, your finances and life situation may change. A no-cost, no-obligation home loan checkup is a great way to ensure your home loan still aligns with your current goals, even if you didn’t get your original loan with TCF Home Loans.
Fill out the form, or visit a local banking center and let our team help you find the best fit for you.
Questions? We’re here to help you find the answers.
Call to speak to a mortgage loan originator. 1-833-667-9515
All loans are subject to credit approval.
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