Fixed-Rate Mortgages
A rate and principal-and-interest payment that never change for the life of the loan.
- 15, 20 and 30-year terms
- Predictable monthly budget
- Purchase or refinance
Bloomfield Hills, MI · ZIP 48301, 48302 & 48304
Home Loans & Jumbo Mortgages in Bloomfield Hills, Michigan
Buying, building equity in or right-sizing from a Bloomfield Hills home takes a lender who is comfortable with larger loan amounts. Tania Yatooma, a Swift Home Loans mortgage specialist with more than 10 years of mortgage experience, works just down Woodward in Birmingham and handles jumbo, conventional and refinance loans for Bloomfield Hills buyers and homeowners.
- Jumbo & conforming loans
- Fixed & adjustable rates
- Free pre-approval
- Office minutes away
Get Your Free Bloomfield Hills Quote
Tell Tania what you're planning. She'll reply personally, usually the same business day.
- 2026 conforming limit
- $832,750 (1-unit, Oakland County)
- Above that
- Jumbo financing
- Loan programs
- Jumbo, conventional, VA, refinance & equity
- Your mortgage specialist
- Tania Yatooma · 10+ yrs
Bloomfield Hills Home Loans
Financing Built for Bloomfield Hills Homes
Bloomfield Hills is known for wooded lots, custom homes, Cranbrook and the Bloomfield Hills Schools, and many of its homes sell for well above the conforming loan limit. That makes the choice between a jumbo loan and a larger down payment on a conforming loan one of the first decisions to get right.
Tania also helps Bloomfield Hills homeowners refinance, tap equity for renovations, and finance a move to a smaller home or condo.
- Jumbo loans for loan amounts above $832,750, with fixed and adjustable options.
- Stay conforming by sizing your down payment so the loan stays at or under the limit.
- Primary, second and investment homes for qualified borrowers.
- Business owners welcome. Tania will walk you through the documentation self-employed borrowers need.
- Refinance and home equity options for current homeowners.
Mortgage Programs
Home Loan Options in Bloomfield Hills
Tania matches Bloomfield Hills buyers and homeowners with the program that fits their budget, timeline and goals.
FHA Loans
Government-insured loans popular with first-time buyers.
- Down payments from 3.5%
- Flexible credit guidelines
- 2026 limit $541,287 (1-unit)
VA Loans
A benefit earned by eligible veterans, active-duty service members and surviving spouses.
- Often $0 down payment
- No monthly mortgage insurance
- VA streamline refinance (IRRRL)
Jumbo Loans
Financing for homes where the loan is above the $832,750 conforming limit.
- Loan amounts above conforming limits
- Fixed and adjustable options
- Primary, second and investment homes
Renovation (Rehab) Loans
Buy or refinance a home and roll the cost of repairs and upgrades into one loan.
- FHA 203(k) and conventional renovation
- Kitchens, baths, roofs, additions
- Based on after-improvement value
Low Down Payment
You may need far less than 20% down. Programs start at 0–3% for qualified buyers.
- Conventional 3% down options
- FHA and VA programs
- Down payment assistance guidance
USDA Loans
Zero-down financing in eligible rural areas. Addresses in Bloomfield Hills generally don't qualify, but Tania can check homes farther out.
- No down payment required
- Income and location limits apply
- Eligibility checked by address
Home Equity & Refinance
Lower your rate or payment, or put your equity to work while keeping your first mortgage.
- Rate-and-term refinance
- Cash-out refinance
- Home equity loans
Down Payment Estimator
How Much Do You Need to Put Down in Bloomfield Hills?
Enter a purchase price to compare common down payment options. Bloomfield Hills homes often sit above the conforming limit, so this estimator flags when a loan amount becomes a jumbo.
Lowest typical down payment
Send This to Tania
$0
| Option | Down | Loan |
|---|
Estimate only, not a loan offer. Excludes closing costs, prepaids, financed fees and mortgage insurance. Program availability depends on credit, income, property and lender guidelines; 3% down is for eligible buyers.
Jumbo Loans
Jumbo vs. Conforming: What It Takes in Bloomfield Hills
Any loan above the 2026 conforming limit of $832,750 for a one-unit home in Oakland County is a jumbo loan. Here's how the two typically compare. Tania will confirm the exact guidelines for your situation.
| Conforming loan | Jumbo loan | |
|---|---|---|
| Loan amount (2026, 1-unit) | Up to $832,750 | Above $832,750 |
| Typical down payment | As little as 3–5% for a primary home | Commonly 10–20% or more, varies by program |
| Typical credit score | 620+ | Often 700+, best pricing at higher scores |
| Cash reserves | Often 0–2 months of payments | Commonly 6–12+ months of payments |
| Appraisal | One appraisal | Sometimes two for larger loan amounts |
| Rate options | Fixed and adjustable | Fixed and adjustable |
Typical ranges for general information only. Jumbo guidelines vary by program and investor, and Swift Home Loans' own requirements may differ.
Smart ways to finance a Bloomfield Hills home
- Run both options. On a $1,000,000 home, 20% down makes the loan $800,000, under the conforming limit. Tania can compare that with a jumbo loan and a smaller down payment.
- Plan your reserves. Jumbo lenders look closely at savings and investment accounts left after closing.
- Get fully pre-approved early. A complete pre-approval makes your offer stronger in a competitive, high-price market.
- Self-employed? Expect to provide two years of tax returns. Tania will tell you exactly what to gather.
Michigan Buyers & Homeowners
Good to Know in Bloomfield Hills
Taxes reset when you buy
In Michigan, taxable value uncaps when a home is sold, so budget on the new value, not the seller's tax bill.
File your PRE
A Principal Residence Exemption (Form 2368) exempts your home from up to 18 mills of school operating taxes.
Refinancing doesn't uncap
A refinance isn't a transfer of ownership, so it doesn't reset your property taxes.
Pre-approval first
A full pre-approval tells you your price range and makes your offer stronger with Bloomfield Hills sellers.
Your path to closing
- 10-minute callShare your goals, budget and timeline.
- Pre-approval or options reviewTania reviews income, assets and credit and recommends a program.
- Offer or applicationShop with confidence, or start your refinance.
- Appraisal, approval & closingTania keeps your file moving and you updated.
FAQ
Home Loan Questions from Bloomfield Hills
What is the 2026 conforming loan limit in Bloomfield Hills, MI?
For 2026, the conforming loan limit for a one-unit home in Oakland County, which includes Bloomfield Hills, is $832,750. A loan above that amount is a jumbo loan. Limits are higher for two- to four-unit properties.
How much down payment do I need for a jumbo loan in Bloomfield Hills?
It depends on the program, the loan amount and your credit. Many jumbo loans call for 10% to 20% or more down, and some allow less for well-qualified borrowers. Tania can show you the options for your price range.
Can I avoid a jumbo loan with a bigger down payment?
Often, yes. If your down payment brings the loan to $832,750 or less, you can use conforming financing. For example, on a $1,000,000 home, 20% down leaves an $800,000 loan, which is under the 2026 conforming limit.
What credit score do I need for a jumbo loan?
Many jumbo programs look for a credit score of 700 or higher, with the best pricing at higher scores. Lenders also review your debt-to-income ratio and cash reserves.
Is a Bloomfield Hills mailing address always in the City of Bloomfield Hills?
No. Many homes with a Bloomfield Hills mailing address are in Bloomfield Township. The municipality affects property taxes and some local services, so check it for any home you are considering.
Will my property taxes be the same as the seller's in Bloomfield Hills?
Probably not. In Michigan, a home's taxable value uncaps when ownership transfers, so your property taxes are recalculated after you buy. Budget based on the new taxable value rather than the seller's current bill.
How do I get pre-approved for a home in Bloomfield Hills?
Call Tania at 248-385-3986 or email tania.y@swifthomeloans.com. She will review your income, assets and credit, recommend jumbo or conforming financing, and issue a pre-approval letter for your offers.
Nearby
Home Loans Near Bloomfield Hills
Tania helps buyers and homeowners across Oakland County, Macomb County and Southeast Michigan. See all loan programs and service areas.
Ready to Buy or Refinance in Bloomfield Hills?
Get a free jumbo vs. conforming comparison and pre-approval from a local mortgage specialist with 10+ years of experience.