Lumin Lending
Randy Mathis
All States

Mortgage Broker in Michigan

Licensed to originate mortgages in Michigan (MI) through Lumin Lending Inc. Purchase, refinance, and investment property loans with access to over 90 lenders.

Last updated: April 2026

Key Facts

Randy Mathis is a licensed mortgage broker serving Michigan through Lumin Lending Inc. (NMLS# 1516760). Available programs include Conventional, FHA, VA, Non-QM, DSCR, Bank Statement, HELOC, Reverse Mortgage, and Commercial loans. The conforming loan limit in Michigan is $806,500 for 2026.

Mortgage Lending in Michigan

Michigan offers a wide range of housing markets from the revitalized Detroit metro area to the scenic lakefront communities of the west coast and northern regions. The state has experienced a strong housing recovery with home values appreciating steadily. Michigan's affordable home prices relative to coastal states, combined with no state income tax on retirement income, make it attractive for both young families and retirees.

With access to over 90 lenders through Lumin Lending Inc., I can shop your loan across multiple investors to find the right rate and terms for your specific situation in Michigan. Whether you are a first-time homebuyer, looking to refinance, or building an investment portfolio, I have programs designed to fit your needs.

Available Loan Programs in Michigan

Conventional

Traditional financing with as little as 3% down. Competitive rates for purchase and refinance.

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FHA

Government-backed loans with 3.5% down and flexible credit requirements for first-time buyers.

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VA

Zero down payment and no PMI for eligible veterans, active-duty, and qualifying spouses.

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Non-QM / DSCR

Bank statement, DSCR, asset depletion, and other flexible programs for self-employed and investors.

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HELOC / HELoan

Access your home equity with a line of credit or fixed-rate home equity loan.

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Reverse Mortgage

Convert home equity into cash with no monthly mortgage payments for homeowners 62 and older.

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Commercial

Financing for commercial properties, mixed-use buildings, and business real estate needs.

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Rates and program availability may vary based on the state or region in which the financed property is located. This is not a credit decision, an offer, or a commitment to lend. Program restrictions apply.

HELOC: Timing may vary based on borrower qualifications and loan conditions. Appraisal may be required in certain circumstances. Subject to credit approval. Your home is used as collateral and may be at risk if you do not repay. APR, terms, and repayment structure vary by product.

Helpful Resources

First-Time Homebuyer Guide 2026

Everything you need to know about buying your first home, from pre-approval to closing day.

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Should You Refinance in 2026?

How to decide if refinancing makes sense for your situation, with break-even analysis.

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DSCR Loans Explained

How real estate investors qualify based on rental income instead of personal tax returns.

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5-Day Digital HELOC Guide

Access your home equity in as few as 5 days with our digital HELOC process.

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Credit Score Myths for Homebuyers

The 5 biggest credit score myths that stop people from pursuing homeownership.

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Frequently Asked Questions

Answers to common mortgage questions about loan programs, credit, and the application process.

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Frequently Asked Questions

What are the conforming loan limits in Michigan?
Michigan follows the standard conforming loan limit of $806,500 for single-family homes in 2026 across all counties. Michigan's generally affordable housing market means most home purchases fall well within this limit, giving buyers broad access to conventional financing.
Does Michigan have first-time homebuyer programs?
Yes, the Michigan State Housing Development Authority (MSHDA) offers programs with down payment assistance of up to $10,000 or more depending on the area. MSHDA loans can be combined with FHA, VA, USDA, or conventional first mortgages.
Can I get a renovation loan in Michigan?
Yes, renovation loans are available in Michigan through programs like the Fannie Mae HomeStyle Renovation loan and FHA 203(k). These allow you to finance the purchase price plus renovation costs in a single loan, which is especially useful in Michigan's many older housing markets with renovation potential.
Is Randy Mathis licensed to lend in Michigan?
Yes, Randy Mathis (NMLS# 1516760) is licensed in Michigan through Lumin Lending Inc. (NMLS# 2716106), which holds Michigan 1st Mortgage Broker/Lender and 2nd Mortgage Broker/Lender Registrations. Randy serves borrowers across the state with access to over 90 wholesale lenders for purchase, refinance, and investment property financing.
Are DSCR loans available for Michigan rental properties?
Yes, DSCR loans are available in Michigan for real estate investors. Michigan's affordable property prices and strong rental demand in metro areas like Detroit, Grand Rapids, and Ann Arbor make it an attractive market for investors looking to qualify based on property income rather than personal income.

Ready to Get Started in Michigan?

Let me find you a competitive mortgage rate from our network of 90+ lenders. Apply online or schedule a call to discuss your options in Michigan.

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Randy Mathis NMLS# 1516760 | Lumin Lending Inc. NMLS# 2716106 | NMLS Consumer Access