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
Farmington Hills, MI · ZIP 48331, 48334, 48335 & 48336
Home Loans in Farmington Hills, Michigan
Farmington Hills offers everything from starter condos to large family homes, and the right loan depends on which you're buying. Tania Yatooma, a Swift Home Loans mortgage specialist with more than 10 years of mortgage experience, helps Farmington Hills buyers with condo, FHA, conventional, VA and jumbo financing, plus refinancing.
- Condo financing
- FHA, conventional & VA
- Free pre-approval
- Local, answers her phone
Get Your Free Farmington Hills Quote
Tell Tania what you're planning. She'll reply personally, usually the same business day.
- ZIP codes
- 48331, 48334, 48335 & 48336
- Property types
- Condos, townhomes & single-family
- Down payment
- From 3% conventional, 3.5% FHA
- Your mortgage specialist
- Tania Yatooma · 10+ yrs
Farmington Hills Home Loans
The Right Loan for Every Farmington Hills Home
Farmington Hills is one of Oakland County's largest cities, with a wide mix of condos, townhomes, established subdivisions and larger homes, convenient access to I-696 and I-275, and Farmington Public Schools serving most of the city.
Condos are a big part of the market here, and they finance a little differently than single-family homes, so Tania checks the condo project before you write an offer.
- Condo and townhome loans with an early check of the association.
- FHA loans from 3.5% down, including on FHA-approved condos.
- Conventional loans from 3% down for eligible buyers.
- VA and jumbo loans for eligible veterans and larger homes.
- Refinance and home equity options for current homeowners.
Mortgage Programs
Home Loan Options in Farmington Hills
Tania matches Farmington 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 Farmington 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 Farmington Hills?
Enter a purchase price to compare common down payment options. Compare down payment options on a Farmington Hills condo or 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.
Condo Buyers
Financing a Farmington Hills Condo: What to Know
With a condo, the lender reviews the association as well as you and the unit. Here's how the main loan types handle it.
| Conventional | FHA | VA | |
|---|---|---|---|
| Down payment | From 3% for eligible buyers | 3.5% (580+ credit) | Often $0 |
| Project requirement | Lender reviews the project | Project must be FHA-approved, or the unit may qualify for single-unit approval | Project must be VA-approved |
| Things that can cause problems | Pending litigation, low reserves, many units owned by investors | Same, plus FHA's approval list | Same, plus VA's approval list |
| HOA dues | Counted in your debt-to-income ratio | Counted | Counted |
General information only. Condo project eligibility rules vary by program and can change. Tania will check a specific project for you.
Before you make an offer on a condo
- Ask for the association's budget and reserves. Lenders look at both.
- Ask about special assessments that are planned or underway.
- Check the monthly dues and what they cover, such as water, exterior maintenance or snow removal.
- Send Tania the address early so she can confirm which loan types will work.
Michigan Buyers & Homeowners
Good to Know in Farmington 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 Farmington 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 Farmington Hills
Can I use an FHA loan to buy a condo in Farmington Hills?
Yes, if the condo project is FHA-approved or the individual unit qualifies for FHA single-unit approval. Tania can check a project's status before you make an offer.
Do HOA dues affect how much I can borrow?
Yes. Monthly HOA dues are added to your housing payment when lenders calculate your debt-to-income ratio, which can lower the price range you qualify for.
What can make a condo hard to finance?
Common issues include pending lawsuits involving the association, low reserves, a high share of units owned by investors, or a single owner holding many units. Lenders review these before approving the loan.
How much do I need to put down on a Farmington Hills condo?
Eligible buyers can put 3% down on some conventional loans, 3.5% with FHA in an approved project, or $0 with VA in a VA-approved project. On a $250,000 condo, 3.5% down is $8,750.
Can I use a VA loan in Farmington Hills?
Yes. Eligible veterans can use a VA loan for single-family homes and for condos in VA-approved projects, often with $0 down.
What is the 2026 FHA loan limit in Farmington Hills?
For 2026, the FHA limit for a one-unit home in Oakland County, which includes Farmington Hills, is $541,287.
How do I get pre-approved?
Call Tania at 248-385-3986 or email tania.y@swifthomeloans.com. She'll review your income, assets and credit and issue a pre-approval letter.
Nearby
Home Loans Near Farmington 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 Farmington Hills?
Get a free pre-approval and a quick check of any condo you're considering, from a local mortgage specialist with 10+ years of experience.