Author: Anthony Bird

My name is Anthony Bird, an owner of Riverbank Finance, a Grand Rapids Mortgage Company, based here in Michigan. I am a graduate from Grand Valley State University majoring in both Business Management and Marketing. I have been a mortgage professional in Michigan for 6 Years with experience as a retail bank loan officer as well as for private mortgage companies. Riverbank Finance is a local mortgage company that values community and the West Michigan Area. We hire only licensed loan officers that can custom tailor loans for our client's needs. If you have any real estate or mortgage questions, call me at 616-365-5792 or email me at info@riverbankfinance.com and I will do whatever it takes to help. Learn more about me on my Google Profile: About Anthony Bird. I look forward to hearing from you soon!

Did Michigan Mortgage Rates Blast Off in 2022?

Posted on May 26, 2022 by Anthony Bird - Buying a Home, Local Michigan, Mortgage Rates

If you listen to the news, you will get fed consistent updates about how mortgage rates are jumping and how housing markets may be in a bubble. It is no wonder why the average home buyer may second guess their timing to buy a home in 2022. It is true that mortgage rates have shot… Read more »

Second Home Loan Rates Skyrocketing in 2022

Posted on January 18, 2022 by Anthony Bird - Buying a Home, Local Michigan, Mortgage Rates, Second Mortgage, Vacation Homes

Fannie Mae has announce that they will be raising rates on second home loan for all purchases after April 1st, 2022

2022 Conventional Loan Limits in Michigan

Posted on December 2, 2021 by Anthony Bird - Local Michigan

With home values appreciating at a record breaking clip, the maximum conventional loan limit has also increased a substantial amount for 2022. The Federal House Finance Agency (FHFA) reviews home sales data on an annual basis and adjusts the max conforming loan limit to the rate of appreciation using the FHFA House Price Index (FHFA… Read more »

Fannie Mae RefiNow Mortgage

Posted on May 28, 2021 by Anthony Bird - Local Michigan, Mortgage Rates, Refinance

New Michigan RefiNow Mortgage introduced to save low-income borrowers thousands by refinancing to lower rates. Lower Costs. Appraisal Waivers Possible.

What is a Mortgage Pre-Approval?

Posted on March 9, 2021 by Anthony Bird - Buying a Home, First Time Home Buyer, Local Michigan, Mortgage Tips

A mortgage pre-approval is given when a loan officer has looked in depth into your finances and has calculated the amount that you are likely approved to borrow to buy a home. They will base your pre-approval on estimated monthly payments, loan amount and mortgage rate. Homebuyers may need a mortgage pre-approval before they are… Read more »

DACA Loans in Michigan

Posted on January 27, 2021 by Anthony Bird - Buying a Home, FHA Mortgage, Local Michigan, Mortgage Tips

DACA mortgages in Michigan are here! On January 20th, 2021 the US Department of Housing and Urban Development (HUD) has announced that all immigrants under the Deferred Action for Childhood Arrivals (DACA) program will be eligible to apply for a Federal Housing Administration (FHA) backed mortgages. This new qualification for FHA loans is effective immediately.… Read more »

Mortgage Broker Lending Partner UWM Goes Public

Posted on January 22, 2021 by Anthony Bird - Local Michigan, Mortgage Tips

Today is an exciting day for independent mortgage brokers! Our #1 lending partner United Wholesale Mortgage (UWM) completed their IPO to go public on the New York Stock Exchange under ticker UWMC. UWM has been the #1 wholesale lender in the nation for 7 years running. They are the #2 overall lender but have major… Read more »

2021 Conventional Loan Limits

Posted on December 15, 2020 by Anthony Bird - Buying a Home, Local Michigan, Mortgage Tips, Refinance

Each year the Federal Housing Finance Agency (FHFA) reviews home appreciation and makes adjustments to the maximum conventional loan limits. With our booming housing market the FHFA was able to increase the new conforming loan limits substantially for 2021. Conventional loans are home loans sold to Fannie Mae and Freddie Mac. Nearly all banks and… Read more »