DSCR loans in Michigan. Built for speed.

Michigan uses non-judicial foreclosure by advertisement in 60 to 90 days — but that's before the statutory redemption period of 6 months (or 1 year if less than two-thirds of the debt was paid). Practically, effective recovery runs 8 to 15 months. It's a meaningful underwriting factor we build into pricing. The upside is Michigan's DSCR cash-flow math: Detroit, in particular, has purchase prices that still make ratios work at 1.2-plus on units that would be impossible in coastal markets.

Detroit DSCR investors fall into two buckets: patient buy-and-hold operators working hyperlocal by neighborhood, and heavy rehab operators running BRRRR cycles. Rent comps are genuinely hyperlocal in Detroit — two blocks can swing rent 30 percent — so we underwrite with careful appraiser selection. Grand Rapids, Ann Arbor, and Lansing are different animals: steadier professional-renter markets with less variance.

When a Michigan deal doesn't fit our standard guidelines, we run it through the Approval Engine — a wider underwriting framework that finds an angle. That's how we close 95% of the deals we touch.

Standard DSCR at 80% fits most Michigan deals, but BRRRR operators should ask about our no-seasoning cash-out — we'll refinance at full appraised value day one, which matters when rehabs are done and capital is locked up. Easy 50 is useful for Detroit investors rebuilding after credit events; it has no minimum credit score at 50% LTV. Michigan PPP caps at 3 years, with carve-outs on certain loan amounts — confirm with your loan officer at submission.