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.
Lot and land loan
Whether you’re looking for the perfect place to build a home or land to call your own, we offer a program for both!
Loan amounts up to $750,000
Options available for parcels less than 10 acres and parcels greater than 10 acres
Eligible properties include: vacant land, zoned detached single family and improved lots for utilities
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
HomeStyle® Renovation loan
The HomeStyle Renovation loan from Fannie Mae is a single-close mortgage loan that combines the purchase money and the cost of moderate repairs and improvements.
May be used toward purchases or refinance
No minimum dollar amount
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.
Student debt payments calculation
May help borrowers with good student loan credit history to qualify for a loan by allowing TCF Home Loans to accept student loan information on credit reports.
Ready to get started?
TCF mortgage loan originators are highly skilled and trained to help you navigate the complete landscape of home loan financing.
You are leaving TCF's website and entering a third-party website that TCF does not control. TCF is providing this link as a convenience and does not endorse and is not responsible for the products, services, links, content, privacy or security policies, or system availability of this website. TCF's links to social media sites are also being provided as a convenience. TCF does not endorse and is not responsible for any and all content not posted by TCF.