Financing for Pallister Gardens Detroit
Home Loan Options for Pallister Gardens
First Merchants Bank is proud to offer financing options for those interested in purchasing a home at Pallister Gardens in Detroit. Due to the nature of the multi-phased development of Pallister Gardens, the homes are considered non-warrantable until after project completion. When a home falls into this category, the financing options are often more limited, and many lenders may not offer financing. Here at First Merchants, we’re proud to support non-warrantable condos like Pallister Gardens with low-down payment mortgage options and an attentive team committed to helping you prosper.
Non-Warrantable Condo Financing - Pallister Gardens Exclusive1
An exclusive offer for Pallister Gardens properties only, allowing a lower down payment than traditional mortgages for condos that are under development and considered non-warrantable.
Features:
- As low as 5% down payment
- No mortgage insurance requirements
- Primary homes, secondary homes, and investment properties are eligible
Physicians Mortgage Program2
A program designed to accommodate the unique financial needs of doctors and medical residents at any career stage. Non-warrantable condos under development may be allowed with this program.
Features:
- As low as 0% down payment
- No mortgage insurance requirements
- Primary homes only
Schedule a FREE, no-obligation mortgage consultation to learn more
Meet with an experienced mortgage professional to evaluate your current situation and better determine which mortgage options might be right for you. We invite you to complete our contact form to get connected with Troy Fairbanks, Mortgage Sales Manager, who can further assist you.
Contact Us
Troy Fairbanks, Mortgage Sales Manager
NMLS# 525344
Direct: 734.548.6344
| Cell: 313.999.3184
About Troy
Troy Fairbanks is a Mortgage Sales Manager with over 30 years of experience in the mortgage industry. Recognized three times by Mortgage Originator Magazine as one of the top mortgage loan officers in the country, you can depend on Troy’s knowledge, expertise, and agility to guide you successfully through the homebuying process. Troy specializes in financing condominiums and construction projects, including the complexities of non-warrantable condos, FHA project approvals for developers, Fannie Mae project approvals and more. If you’re looking for an attentive lender to help you navigate the next steps of your homebuying journey, contact Troy today.
All loans are subject to credit approval. Programs are available only to qualified borrowers. Not all applicants will qualify for all program benefits. Please contact First Merchants Bank to learn more about programs and the eligibility requirements. Programs are subject to change without notice. Underwriting terms and conditions apply. Some restrictions may apply.
1 Must obtain financing from First Merchants Bank to receive Exclusive Pallister Gardens Mortgage Offer. Berkshire Hathaway Home Services, The Loft Warehouse, and BHHS are not affiliated with First Merchants Bank.
2 Available to medical doctors who have a minimum of a Medical Doctor (MD), Doctor of Osteopathy (DO), Doctor of Dental Surgery (DDS), Doctor of Dental Medicine (DMD), Doctor of Pharmacy (PharmD), or Doctor of Veterinarian Medicine (DVM) degree and an employment contract or verification of terms of employment acceptance. Medical Doctors with the degrees listed above but specializing in a particular field including but not limited to Dentists, Podiatrists and Ophthalmologists are also permitted. Medical Residents must have proof of fully executed employment contract to be eligible. Must be for the purchase of a primary residence in Indiana, Michigan, Ohio, or Kentucky. Borrower must have a minimum credit score of 680 to be eligible. Student loan debt must be in deferment or forbearance for 12 months after loan closing to avoid being counted in debt-to-income calculations.
