Welcome to The Home of Loan John

American Government Loans - FHA, VA, and Reverse Mortgage Loans!

The Home of Loan John is an approved lender of the United States government and has been authorized to offer American Government Loans under the Federal Housing Administration and Veterans Administration acts.  This includes FHA, VA, and reverse mortgage loans.

The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family, multifamily, manufactured homes and hospitals. It is the largest insurer of mortgages in the world; insuring over 34 million properties since its inception in 1934.

Senior homeowners age 62 and older can use FHA-insured reverse mortgages to convert the equity in their homes into monthly streams of income and/or a line of credit to be repaid when they no longer occupy the homes. The loan, commonly known as Home Equity Conversion Mortgage or HECM, is with by a lending institution such as a mortgage lender, bank, credit union or savings and loan association. Homeowners are required to receive consumer education and counseling by an approved HECM counselor so they can be sure this program meets their needs.

VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. To get a loan, a veteran must apply to a lender. If the loan is approved, VA will guarantee a portion of it to the lender. This guaranty protects the lender against loss up to the amount guaranteed and allows a veteran to obtain favorable financing terms. There is no maximum VA loan but lenders will generally limit VA loans to $417,000 This is because lenders sell VA loans in the secondary market, which currently places a $417,000 limit on the loans. For loans up to this amount, it is usually possible for qualified veterans to obtain no down payment financing. A veteran's basic entitlement is $36,000 (or up to $104,250 for certain loans over $144,000). Lenders will generally loan up to 4 times a veteran's available entitlement without a down payment, provided the veteran is income and credit qualified and the property appraises for the asking price.

Home Loan and Mortgage Refinance Market Area!

Although Home of Loan John is the number one home mortgage and refinance expert in Genesee county, our expertise and service areas extend into Oakland county, Lapeer county, Saginaw county, Wayne county, and virtually everywhere else in the state of Michigan! 

We have thousands of satisfied customers from Atlas, Burton, Clayton, Clio, Davison, Detroit, Flint, Flushing, Fenton, Lapeer, Troy, Lake  Orion, Goodrich, Grand Blanc, Montrose, Mount Morris, Rochester Hills, Swartz Creek, Saginaw, and Lansing to name a few!  Home of Loan John also provides mortgage lending services in Imlay City, Metamora, Auburn Hills, Clarkston, Holly, Novi, Oxford, Pontiac, Troy, and Waterford.  Give us a call right now to learn how you, too, can save thousands of dollars on your next home mortgage!

Get Fast Answers to Your Mortgage and Lending Questions!

Looking for mortgage refinance information?  At our home loan and mortgage website you can find loan tools available to answer virtually any mortgage, home equity loan, or refinance question. Trying to decide if now is a good time to refinance? Check out our FREE Refinance Mortgage Calculator. Wondering if a new home equity loan or second mortgage can lower your monthly payments? Use our Debt Consolidation Mortgage Calculator to find out how we can help you!

Confused by all the loan programs from which to choose? Our Loan Program page will help you find the right type of loan that best meets your needs. We'll also be happy to prepare a personalized mortgage quote for the home mortgage or refinance program of your choice.  Whether you're looking to use one of our free mortgage calculators, refinance your existing home mortgage, or consolidate high interest rate debt, our experts at the Home of Loan John can help.   Simply pick up the phone right now and call the Home of Loan John at (866) LOAN JOHN to speak with one of our professional loan officers!

Residential Loan Programs for Excellent, Average, or Poor Credit!

At the Home of Loan John our loan experts work with customers who have all types of credit ranging from excellent to average to poor.  While many borrowers may have experienced a few bumps and bruises that have affected their credit, the good news is that our experienced loan officers work with over 100 lenders and investors who can accommodate most any type of credit situation.  Our goal is to work closely with you to put together a comprehensive loan program that is custom tailored to specifically meet your mortgage and lending needs!

Whether you've had a few late payments, a foreclosure, or even a bankruptcy, contact one of our professional loan officers today!  There's a good chance we can help!  And if for some reason you aren't able to qualify for a home loan now, be sure to ask about our credit repair service and how we can help improve your credit score.  Call now for a free mortgage quote and to learn more about how we can help you save both time and money with some of the lowest mortgage rates in the industry!