Committed to your needs
Customers first
Borrowers who are happy with the mortgage loan we helped them get are more important to us than anything else. Our goal is to make the loan process as simple and worry-free as possible. We pride ourselves in offering the highest level of customer service, and appreciate the opportunity to earn your business. Whether you want to refinance for a lower mortgage rate or get a new home mortgage, our purpose is to satisfy your needs. By putting you first, we assure you a pleasurable transaction.
Get fast answers
At our website you can find tools available to answer virtually any mortgage question. Trying to decide if now is a good time to refinance? Check out our Refinance Mortgage Calculator. Use our Debt Consolidation Mortgage Calculator! Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan for you. Also, we'll be happy to prepare a personalized mortgage quote for the home mortgage program of your choice.
Ann Arbor Mortgage Company was founded in 1996. We function as a mortgage banker, mortgage broker, lender and servicer. We offer conventional, jumbo, USDA Rural Development loans as well as FHA and VA financing. We can also assist you with new construction loans with an option of extended rate locks.
Our job is to ensure that the financing process goes smoothly.
The Loan process:
If you are buying or refinancing a home
• If you are salaried: provide two years W-2 and one month of current year-to-date paystubs OR if you are self-employed: provide two years signed tax returns and a YTD profit and loss statement.
• If you own rental property, please provide rental agreements and two years tax returns - More on refinancing a home
Getting qualified before you apply for a loan
When buying a house, you may get pre-qualified or pre-approved. You can typically get pre-qualified over the phone or on the Internet in a few minutes - More on Getting qualified
Shop loan programs and rates
Think about how long you plan to keep the loan. If you plan to sell the house in a few years you may want to consider an adjustable or balloon loan. On the other hand, if you plan to keep the house for a longer time, you may want to look at fixed loans - More on loan rates
Obtain Loan Approval
Once your loan application has been received we will start the loan approval process immediately. This involves verifying your - More Loan Approval
Close the Loan
Your loan will normally close shortly after you have signed the loan documents. On refinance loan transactions federal law requires that you have 3 days to review the documents before your loan transaction can close - More on Closing the Loan
Jumbo Loans
Jumbo loans are those loans that exceed the maximum loan amount set forth by Fannie Mae and Freddie Mac. They typically have higher interest rates than conventional loans - More on Jumbo Loans
Conventional Loans
Conventional loans can be made to purchase your home or to refinance your home with a first mortgage on a single family home up to a four family home. - More on Conventional Loans
VA Loans
VA loans are guaranteed by U.S. Dept. of Veterans Affairs. VA loan guaranty allows veterans and service persons to obtain home loans with favorable loan terms, usually without a down payment. - More on VA Loans
FHA Loans
FHA loans are insured by HUD. They offer low down payment requirements and are perfect for the first-time homebuyer.
USDA Rural Development Loans
RD loans are low down payment mortgages available for properties in rural areas. Please check with us for property eligibility.
Reverse Mortgages
A reverse mortgage allows homeowners who are 62 years or older to convert a portion of the equity in their homes into cash. - More on Reverse Mortgages
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