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
Clawson, MI · ZIP 48017
Home Loans in Clawson, Michigan
Clawson's small-town downtown and spot between Royal Oak and Troy make it a great place to buy. Tania Yatooma, a Swift Home Loans mortgage specialist with more than 10 years of mortgage experience, helps Clawson buyers understand what it takes to qualify and find the loan that fits their credit and budget.
- FHA, conventional & VA
- Flexible credit options
- Free pre-approval
- Local, answers her phone
Get Your Free Clawson Quote
Tell Tania what you're planning. She'll reply personally, usually the same business day.
- ZIP code
- 48017
- Credit
- Options from flexible to excellent
- Down payment
- From 3% conventional, 3.5% FHA
- Your mortgage specialist
- Tania Yatooma · 10+ yrs
Clawson Home Loans
Buying a Home in Clawson
Clawson is a compact, walkable city centered on 14 Mile and Main Street, with brick ranches, bungalows and colonials, Clawson Public Schools, and easy access to Royal Oak, Troy and I-75.
Whether your credit is excellent or still being rebuilt, there's usually a path to owning. Tania explains exactly where you stand and what would help.
- FHA loans with more flexible credit guidelines and 3.5% down.
- Conventional loans from 3% down for eligible buyers.
- VA loans for eligible veterans, often with $0 down.
- A plan to improve your numbers if you're not quite ready yet.
- Refinance and home equity options for current homeowners.
Mortgage Programs
Home Loan Options in Clawson
Tania matches Clawson 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 Clawson 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 Clawson?
Enter a purchase price to compare common down payment options. Compare common down payment options on a Clawson home.
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.
Qualifying
What It Takes to Qualify: Credit and Income by Loan Type
Typical guidelines for the most common programs. Your actual approval depends on your full application, and Swift Home Loans' own requirements may differ.
| Typical credit score | Down payment | Debt-to-income | |
|---|---|---|---|
| Conventional | 620+, best pricing at higher scores | From 3% for eligible buyers | Often up to about 45–50% with automated approval |
| FHA | 580+ for 3.5% down; 500–579 with 10% down* | 3.5% or 10% | Often more flexible than conventional |
| VA | No VA-set minimum; lender minimums apply | Often $0 | Reviewed with residual income |
| USDA | Often 640+ for automated approval | $0 in eligible areas | Income limits apply |
| Jumbo | Often 700+ | Commonly 10–20%+ | Often 43% or lower |
*HUD minimums; many lenders set higher minimums. Typical ranges for general information only and subject to change. Clawson addresses generally aren't USDA-eligible.
Ways to strengthen your application
- Pay down revolving balances. Lower credit card utilization can raise your score quickly.
- Avoid new credit such as car loans or new cards before and during the loan process.
- Keep your savings where they are. Large, undocumented deposits need explaining.
- Talk to Tania early. She can tell you what would make the biggest difference for your situation.
Michigan Buyers & Homeowners
Good to Know in Clawson
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 Clawson 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 Clawson
What credit score do I need to buy a home in Clawson, MI?
It depends on the program. Conventional loans typically start around 620, FHA allows 580 for 3.5% down, and VA has no VA-set minimum, though lenders set their own. Higher scores usually mean better pricing.
What is debt-to-income ratio?
It's your total monthly debt payments, including the new house payment, divided by your gross monthly income. Lenders use it to confirm the new payment fits your budget.
Can I buy a home in Clawson with less-than-perfect credit?
Often, yes. FHA loans have more flexible credit guidelines, and VA loans are flexible for eligible veterans. Tania can review your credit and tell you what would help most if you need a little time.
How much do I need to put down on a Clawson home?
Eligible buyers can put 3% down on some conventional loans, 3.5% with FHA, or $0 with VA. On a $300,000 home, 3% down is $9,000 and 3.5% is $10,500, plus closing costs.
Does getting pre-approved hurt my credit?
A pre-approval usually involves a credit check, which can have a small, temporary effect on your score. Multiple mortgage credit checks within a short shopping window are generally treated as one inquiry for scoring.
What is the 2026 FHA loan limit in Clawson?
For 2026, the FHA limit for a one-unit home in Oakland County, which includes Clawson, is $541,287.
How do I get started?
Call Tania at 248-385-3986 or email tania.y@swifthomeloans.com. She'll review your credit, income and savings and recommend a program.
Nearby
Home Loans Near Clawson
Tania helps buyers and homeowners across Oakland County, Macomb County and Southeast Michigan. See all loan programs and service areas.
Ready to Buy in Clawson?
Find out where you stand and which loan fits, with a free pre-approval from a local mortgage specialist with 10+ years of experience.