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
Rochester Hills, MI · ZIP 48306, 48307 & 48309
Home Loans in Rochester Hills, Michigan
Rochester Hills buyers come for the trails, parks and schools, and many homeowners are ready to update the home they already love. Tania Yatooma, a Swift Home Loans mortgage specialist with more than 10 years of mortgage experience, helps you buy, renovate, refinance or tap your home equity, and shows you each option side by side.
- Purchase & refinance
- Renovation loans
- Home equity options
- Free consultation
Get Your Free Rochester Hills Quote
Tell Tania what you're planning. She'll reply personally, usually the same business day.
- ZIP codes
- 48306, 48307 & 48309
- Buying
- Conventional, FHA, VA & jumbo
- Updating
- Renovation, cash-out & home equity
- Your mortgage specialist
- Tania Yatooma · 10+ yrs
Rochester Hills Home Loans
Buy, Update or Refinance in Rochester Hills
Rochester Hills is known for the Clinton River and Paint Creek trails, its parks and its schools, served mainly by Rochester Community Schools and Avondale Schools. Much of the city is made up of established subdivisions, with plenty of homes now ready for new kitchens, baths, roofs or additions.
Whether you're buying a home to update or improving the one you own, Tania will help you choose the most cost-effective way to pay for it.
- Purchase loans from 3% down conventional, 3.5% FHA and $0 VA for eligible veterans.
- Renovation loans to buy and update a home with one loan.
- Home equity loans that leave your current first mortgage and its rate in place.
- Cash-out refinancing to combine your mortgage and project funds into one payment.
- Jumbo loans for larger homes above $832,750.
Mortgage Programs
Home Loan Options in Rochester Hills
Tania matches Rochester 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 Rochester 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 Rochester Hills?
Enter a purchase price to compare common down payment options. See how much you'd need for different loan programs on a Rochester Hills 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.
Renovate or Refinance
Three Ways to Pay for a Rochester Hills Renovation
The best choice depends mostly on whether you're buying or already own, and on your current mortgage rate. Tania will run the numbers on each.
| Home equity loan | Cash-out refinance | Renovation loan | |
|---|---|---|---|
| Best for | Owners with a low current rate | Owners who want one payment | Buyers of a home that needs work, or owners with limited equity |
| Current mortgage | Stays as it is | Replaced with a larger loan | New loan (purchase or refinance) |
| How much | Based on your equity today | Up to about 80% of today's value (conventional and FHA) | Based on the value after improvements |
| Payments | Two (first mortgage + equity loan) | One | One |
| Funds | Lump sum at closing | Lump sum at closing | Paid out as work is completed |
General information only. Loan amounts depend on appraisal, credit, income, program and lender guidelines. Renovation loans include FHA 203(k) and conventional renovation programs. See how cash-out works on the cash-out refinance page.
Michigan Buyers & Homeowners
Good to Know in Rochester 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 Rochester 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 Rochester Hills
Should I use a home equity loan or a cash-out refinance to remodel my Rochester Hills home?
If your current mortgage rate is well below today's rates, a home equity loan lets you keep it and borrow against your equity separately. If today's rates are similar to or lower than yours, a cash-out refinance can roll everything into one new loan and one payment. Tania can compare both on your numbers.
Can I buy a Rochester Hills home that needs updating and finance the work?
Yes. An FHA 203(k) or conventional renovation loan lets you buy the home and finance the improvements in one loan, based on the home's value after the work is done.
How much can I borrow against my Rochester Hills home?
Conventional and FHA cash-out refinances generally allow a new loan of up to 80% of your home's appraised value. Home equity loan limits vary by lender. Subtract what you owe to estimate what's available.
Does refinancing raise my property taxes in Michigan?
No. Under Michigan law, a home's taxable value uncaps when ownership transfers, such as a sale. A refinance is not a transfer of ownership, so it does not reset your property tax bill. Buying a home does, so buyers should budget for the new taxable value.
Can I use a VA loan in Rochester Hills?
Yes. Eligible veterans, active-duty service members and some surviving spouses can use a VA loan, often with $0 down and no monthly mortgage insurance. VA cash-out and streamline refinances are also available.
When do I need a jumbo loan in Rochester Hills?
When your loan amount is above the 2026 conforming limit of $832,750 for a one-unit home in Oakland County.
How do I get started?
Call Tania at 248-385-3986 or email tania.y@swifthomeloans.com. A short call about your goals, your home and your current loan is enough for her to recommend options.
Nearby
Home Loans Near Rochester Hills
Tania helps buyers and homeowners across Oakland County, Macomb County and Southeast Michigan. See all loan programs and service areas.
- Troy
- Bloomfield Hills
- Birmingham
- West Bloomfield
- Royal Oak
- Ferndale
- Southfield
- Oakland County
- Rochester
- Auburn Hills
- Oakland Township
- Shelby Township
Ready to Buy, Renovate or Refinance in Rochester Hills?
Get a free side-by-side comparison of your options from a local mortgage specialist with 10+ years of experience.