Contact Information
Address:
390 park st #496 Birmingham mi 48009
Lendrue Your trusted partner for mortgage refinancing and new home purchase loans. Whether you’re looking to lower your monthly payment, shorten your mortgage term, or secure financing on your dream home, our team is dedicated to finding the loan solution tailored to your needs. With transparent service, competitive rates, and hands-on support at every step, Lendrue makes navigating home financing simpler and more accessible. We’re committed to delivering clarity, trust, and value to every homeowner or homebuyer we serve.
390 park st #496 Birmingham mi 48009
Lendrue - Your Trusted Partner for Mortgage Refinance and New Home Purchase
Nestled at 390 Park Street, Suite #496, Birmingham, MI 48009, Lendrue stands as a dedicated resource for homeowners and aspiring buyers within this community. We understand the unique financial landscape of Birmingham and are committed to providing personalized mortgage solutions tailored specifically for our local clientele. Whether you are a resident looking to adjust your current mortgage or take the significant step into homeownership, Lendrue offers expert guidance and service right here in Birmingham.
Refinancing Your Home Loan
Life changes, and so do your financial needs. Refinancing your mortgage can be a powerful tool to achieve various goals, such as securing a lower interest rate, shortening the loan term, accessing home equity, or even switching from an adjustable-rate mortgage (ARM) to a fixed-rate for greater stability. At Lendrue, located at 390 Park Street in Birmingham, we specialize in guiding homeowners through the refinancing process. We analyze your current loan terms, assess your financial situation, and explore the best available options within the Birmingham market to help you find the most advantageous rate and terms for your specific needs. Our goal is to simplify this potentially complex process, ensuring a smooth transition and helping you manage your finances effectively right here in our community.Financing Your New Home Purchase
The journey to buying a new home is exciting, but navigating the mortgage process can be daunting. As your local mortgage partner at 390 Park Street, Birmingham, Lendrue is here to assist you every step of the way. We offer comprehensive mortgage solutions for new home purchases, helping you secure the financing needed to make your dream home a reality. We work with various loan products suitable for different financial profiles, assisting you in qualifying, understanding loan options, and preparing the necessary documentation. Our team is dedicated to finding a mortgage solution that aligns with your financial goals and helps you confidently move forward with your Birmingham-area home purchase.Why Choose Lendrue at 390 Park Street?
Choosing a lender means entrusting them with one of your most significant financial decisions. Lendrue distinguishes itself by focusing solely on mortgage services from its Birmingham location. This commitment allows us to provide focused attention and deep understanding of the local market. We pride ourselves on clear communication, transparency throughout the application and closing process, and a genuine desire to help our Birmingham neighbors achieve their real estate goals. Partnering with Lendrue means you are working directly with a dedicated team located at 390 Park Street, MI 48009, ensuring personalized service tailored to the needs of Birmingham residents.For personalized assistance with mortgage refinancing or a new home purchase, contact Lendrue directly. Our knowledgeable team is ready to answer your questions and guide you through the process.
Frequently Asked Questions
Q1: What types of mortgage refinancing services do you offer at your Birmingham location?
A1: At our Birmingham office (390 Park Street, Suite #496), we offer various refinancing options. These typically include Rate & Term Refinances (to lower your interest rate or monthly payment without needing to access equity), Cash-Out Refinances (to borrow against your home's equity for other financial goals), and potentially Government-backed refinances like FHA, VA, or USDA loans, depending on your specific situation and eligibility.
Q2: How long does the mortgage application process take from start to finish for a new home purchase in Birmingham?
A2: The timeline for a new home purchase mortgage can vary based on several factors, including the lender's processing speed, the complexity of your financial situation, the loan type chosen, and how quickly you provide required documentation. Generally, the process from application submission at Lendrue's Birmingham location to loan closing typically takes anywhere from 30 to 45 days. Our team works efficiently to streamline the process.
Q3: Do I need a minimum credit score to qualify for a mortgage through Lendrue?
A3: Minimum credit score requirements vary depending on the type of loan you are applying for. Conventional loans often require a minimum score of around 620, while government-backed loans like FHA might accept scores as low as 580 (with a specific down payment requirement). VA and USDA loans have different requirements but often look favorably on credit history. We can discuss your specific credit profile and explore loan options suitable for your situation at our Birmingham branch.
Q4: Can Lendrue help me find a first-time homebuyer program in the Birmingham area?
A4: Absolutely. Lendrue understands that first-time homebuyers have unique needs. We are familiar with various programs available, including those offered or guaranteed by government agencies (like FHA, VA, USDA) and potentially local initiatives aimed at supporting homebuyers in the Birmingham community. We can guide you through the requirements and application processes for these programs.
Q5: What is the minimum down payment required for a new home purchase loan?
A5: The required down payment depends on the loan type. FHA loans typically require a minimum down payment of 3.5% of the home's purchase price. Conventional loans often require 5-20% down payment, depending on loan-to-value ratios and other factors. VA loans can sometimes be obtained with zero down payment for eligible veterans. We can advise you on the best options based on your financial situation and the Birmingham housing market.