News and Updates in our home turf Grand Rapids, MI.
2026 Conventional Loan Limits in Michigan have been put into action, jumping up yet again as home values have continued to increase throughout 2025. The FHFA has officially announced the 2026 Conventional Loan Limits at $832,750 for Single Family Homes. Each year, the FHFA adjusts the conforming loan limits based on its third quarter House Price… Read more »
Student Loan Begin Repayments The rising cost of education has meant that a significant number of graduates are left with student loans to repay when they enter the workforce. These debts can, unfortunately, make it more difficult for people to become homeowners. While student loans may limit your buying power when it comes to buying… Read more »
Riverbank Finance LLC is excited to offer the new Conventional 1% Down mortgage program. This down payment assistance program is better than 99% financing; You purchase a home with a 1% down payment and we will pay up to a 2% down payment towards your home purchase! This gives you 3% equity at closing! Important… Read more »
With a high rate mortgage environment, savvy buyers and sellers are utilizing a powerful financing strategy: mortgage assumption. An assumable mortgage allows a buyer to take over the seller’s existing loan, including its original terms, interest rate, and remaining balance. This option can be valuable where mortgage rates are high saving buyers thousands of dollars… Read more »
Learn all about OptOutPrescreen before applying for a loan in 2025. Discover how it helps protect your credit, reduce pre-approved offers, and safeguard against identity theft while improving your financial health.
Owning a home is the American dream, but it also comes with the responsibility of keeping up with maintenance. Feeling overwhelmed? Don’t worry! This ultimate home maintenance checklist breaks down essential tasks into manageable monthly and seasonal to-dos, ensuring your home stays in top shape all year long. From cleaning your garbage disposal to winterizing… Read more »
2025 Conventional Loan Limits in Michigan have been put into action, jumping up yet again as home values have continued to increase throughout 2024. While the FHFA has not officially announced the 2025 Conventional Loan Limits, many lenders have announced that they have begun accepting loans up to $806,500. Each year, the FHFA adjusts the… Read more »
Did you know that many loans do not require an appraisal to Lower your interest rate on your mortgage? One of the largest hurdles for people considering a rate reduction refinance is the up-front cost of an appraisal. The good news is that there are options to lower your rate with no appraisal required! Mortgage… Read more »
800-555-2098