Loan Programs

100% Construction Loan

In-House Construction Lending with a very competitive interest rate and final loan to value of 100%. This product generally does not require any money down.  For new construction and rehab purchase and renovation.  Easy to qualify.
 

100% Rural Development Guarantee

100% purchase and refinance federally insured 30-year mortgage with a very competitive interest rate. This loan does not require any down payment. Generally the minimum credit score is 620.
 

100% VA Loans

100% Purchase and refinance federally insured mortgage with a very competitive interest rate. This loan does not require any down payment. Generally the minimum credit score required is 620. Must have been honorably discharged to qualify AND this program is very forgiving for those who have had credit problems in the past.
 

97% Conforming

97% Purchase is a Fannie Mae product (some income restrictions apply).  This is a fixed term. This loan is what we call "Plain Vanilla" in the industry. Generally the minimum credit score required is 620.
 

FHA Loans

HUD Insured Fixed Term or adjustable. Minimal down payment required (3.50%). Generally the minimum credit score required is 580. This program is also very forgiving for those who have had credit problems in the past.
 

Conforming Loans

95% Purchase, refinance, investment.  Can be either fixed term or adjustable. This loan is what we call "Plain Vanilla" in the industry. Fannie Mae or Freddie Mac.  Generally the minimum credit score required is 620 however there are exceptions with a lender underwriting approval.
 

Jumbo

Loan amounts up to 2.5M. Each loan scenario is unique and requires information to provide an accurate estimate on maximum loan to value. Credit score requirements also vary.

Apply Now

Fill out our Online Application on a secure server.
 

Randy Brown (NMLS# 179424)
Nicki Klama (NMLS# 1600896)
Christi Cronk (NMLS# 1403476)
Dave Crater (NMLS#1450363)


Versatile Mortgage LLC (NMLS# 179163)
Phone: 231-946-2202 | Fax: 231-946-5988
810 S Garfield Ave Ste A ,
Traverse City, Michigan 49686

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