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
Troy, MI · ZIP 48083, 48084, 48085 & 48098
Home Loans in Troy, Michigan
Whether you're moving to Troy for a new job, upsizing for the schools or refinancing the home you already own, Tania Yatooma can help. A Swift Home Loans mortgage specialist with more than 10 years of mortgage experience, she works just west of Troy in Birmingham and offers conventional, FHA, VA, jumbo and refinance loans.
- Conventional, FHA, VA & jumbo
- Relocation-friendly pre-approvals
- Refinance & home equity
- Local, answers her phone
Get Your Free Troy Quote
Tell Tania what you're planning. She'll reply personally, usually the same business day.
- ZIP codes
- 48083, 48084, 48085 & 48098
- Down payment
- From 3% conventional
- Relocating?
- Pre-approval before you house-hunt
- Your mortgage specialist
- Tania Yatooma · 10+ yrs
Troy Home Loans
Buying a Home in Troy
Troy draws buyers with its schools, its central location along I-75 and its large business community, home to major corporate offices and the Somerset Collection. Many buyers are relocating for work, and many are moving up to a larger home.
Homes range from condos and townhomes to established subdivisions and larger homes in north Troy, so Tania matches the loan to both the property and your timeline.
- Relocation pre-approvals so you can shop with confidence on a short house-hunting trip.
- Down payment choices from 3% to 20% or more, with a clear look at PMI.
- Jumbo loans for larger homes above the $832,750 conforming limit.
- VA loans for eligible veterans and service members, often with $0 down.
- Refinance and home equity for current Troy homeowners.
Mortgage Programs
Home Loan Options in Troy
Tania matches Troy 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 Troy 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 Troy?
Enter a purchase price to compare common down payment options. See how different down payments change your loan amount on a Troy home.
Lowest typical down payment
Send This to Tania
$0
| Option | Down | Loan |
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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.
Relocating to Troy
Moving to Troy for Work? Here's How to Plan Your Mortgage
Buying in a new city on a tight timeline is easier with your financing lined up first.
Before you arrive
- Get a full pre-approval before your house-hunting trip, not just a pre-qualification
- Ask whether your signed job offer can be used to qualify before your first paycheck
- Gather recent pay stubs, W-2s, bank statements and your offer letter
Choosing a down payment
- 20% down avoids PMI on a conventional loan
- Putting less down keeps more cash for moving and furnishing
- Conventional PMI can be removed later once you reach 20% equity
Selling a home elsewhere?
- Tania can look at whether you qualify carrying both payments
- Plan for the down payment if your current home hasn't sold yet
- A relocation package from your employer may cover some costs
Michigan Buyers & Homeowners
Good to Know in Troy
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 Troy 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 Troy
Can I get a mortgage in Troy before I start my new job?
Often, yes. Many loan programs can use a signed employment offer to qualify when your start date is close to your closing date, as long as other requirements are met. Tania will confirm what applies to your offer letter.
How much should I put down on a Troy home?
There's no single right answer. Some conventional programs allow 3% down, FHA allows 3.5%, and VA can be $0 for eligible veterans. Putting 20% down on a conventional loan avoids PMI. Tania can compare payments at several down payment levels.
When can I remove PMI on a conventional loan?
You can ask to cancel PMI once your balance reaches 80% of the home's original value, and it ends automatically at 78%. You may also be able to remove it sooner based on a new appraisal if your home has gained value.
Do I need a jumbo loan for a larger home in Troy?
Only if your loan amount is above the 2026 conforming limit of $832,750 for a one-unit home in Oakland County. A larger down payment can sometimes keep you under the limit.
Can I use a VA loan in Troy?
Yes. Eligible veterans, active-duty service members and some surviving spouses can use a VA loan in Troy, often with $0 down and no monthly mortgage insurance.
Will my property taxes be the same as the seller's?
Usually not. In Michigan, a home's taxable value uncaps when it is sold, so your taxes are recalculated after you buy. Remember to file a Principal Residence Exemption (Form 2368) for your new home.
How do I get pre-approved to buy in Troy?
Call Tania at 248-385-3986 or email tania.y@swifthomeloans.com. She will review your income, assets and credit and issue a pre-approval letter you can use when making offers.
Nearby
Home Loans Near Troy
Tania helps buyers and homeowners across Oakland County, Macomb County and Southeast Michigan. See all loan programs and service areas.
- Birmingham
- Bloomfield Hills
- Rochester Hills
- Royal Oak
- Ferndale
- West Bloomfield
- Southfield
- Oakland County
- Clawson
- Sterling Heights
- Madison Heights
- Bloomfield Township
Ready to Buy or Refinance in Troy?
Get a free pre-approval and a side-by-side look at your down payment options from a local mortgage specialist with 10+ years of experience.