“Super impressed with how fast and smooth the whole process was — especially given my complex RSU comp structure that traditional banks kept discounting.
Eric and the team had no problem including my full base + RSU compensation. They were extremely fast, set clear expectations from the start, and followed through on everything they promised.
Honestly one of the easiest and most stress-free mortgage experiences I’ve ever had. Highly recommend!”
Jumbo Non-QM Loans for Michigan Homebuyers
If you are buying a luxury home in Michigan, we make jumbo financing straightforward with loan amounts up to $10 million. Whether the property is in the Detroit suburbs, from Bloomfield Hills and Birmingham to the Grosse Pointes, or in Northern Michigan around Traverse City, our team delivers competitive rates and a loan structure that fits your financial picture, with a fast process from pre-approval to closing.
Jumbo Non-QM Loan Options Built for Michigan Borrowers
Michigan's jumbo market runs on three engines: the Oakland County luxury corridor around Bloomfield Hills and Birmingham, the Ann Arbor academic-medical hub, and the Northern Michigan summer-home belt from Harbor Springs to Traverse City. LendFriend Mortgage structures jumbo financing across all three, with conventional and Non-QM options for each buyer profile.
Michigan’s jumbo loan market is not limited to one type of buyer or one type of property. High-value homes in Bloomfield Hills, Birmingham, Grosse Pointe, and Ann Arbor often require a different financing approach than second homes in Traverse City, Harbor Springs, Holland, or along the Charlevoix coast.
That’s where LendFriend Mortgage comes in. We help Michigan buyers compare jumbo loan options across multiple lenders and structure financing around the property, income profile, down payment strategy, and long-term goals.
Some buyers want the stability of a 30-year fixed jumbo loan. Others may benefit from a 5/1, 7/1, or 10/1 ARM. Self-employed borrowers, business owners, retirees, and high-net-worth buyers may need non-QM options such as bank statement loans or asset depletion loans.
Instead of forcing every borrower into the same loan box, we look at the full picture and match you with the jumbo mortgage structure that makes the most sense for your Michigan purchase.
Our Michigan jumbo loan options may include:
- Jumbo loan amounts up to $10M+. Qualified buyers can finance estates in Bloomfield Hills, Birmingham, and the Grosse Pointes while leaving investments and reserves in place.
- 30-year fixed and 5/1, 7/1, and 10/1 jumbo ARM options. Match the term to how long you expect to hold the home, whether that is a long-term family house in Grosse Pointe Farms or a Troy purchase tied to a role that may move again.
- Same-day pre-approvals for competitive purchase offers. A written pre-approval lets you make an offer the day a Birmingham or Rochester Hills listing hits the market.
- Flexible qualification using bonuses, commissions, RSUs, and other complex compensation. Executives at the automotive headquarters in Dearborn, Warren, and Auburn Hills, and professionals at the University of Michigan and Michigan Medicine, may qualify on total compensation rather than base salary.
- Jumbo no-ratio loans for a primary residence. An owner whose wealth sits in rental property equity or a private company can be approved on credit, equity, reserves, and mortgage history rather than a debt-to-income ratio.
More Than Just a 30-Year Fixed Jumbo. ARM Options Available
Michigan buyers expecting a future move benefit from comparing the 30-year fixed against a 7/1 or 5/1 jumbo ARM. ARMs price lower at origination, and if you sell or refinance before the fixed-rate period ends, the savings compound. Buyers transitioning between Oakland County and Northern Michigan often run the math both ways before choosing.
Your ownership horizon drives the right product. We help you make that call with both options on the table.
Flexible Jumbo Non-QM Loan Qualification for Self-Employed or Asset-Rich Buyers
Michigan jumbo borrowers frequently sit outside conventional W-2 underwriting. Family-business owners with closely-held company equity, dealership operators with deferred comp, and self-employed professionals often qualify more cleanly through Non-QM jumbo:
- Jumbo bank statement loans for self-employed buyers and business owners. A supplier owner in Troy or a practice owner in Grand Rapids qualifies on 12 or 24 months of business deposits instead of tax returns, with loan amounts up to $7 million.
- Jumbo asset depletion loans for retirees and high-net-worth borrowers who prefer to qualify using investments rather than W-2 income. The lender converts eligible brokerage and retirement balances into monthly income, and its divisor sets the loan size a Walloon Lake or Bloomfield Hills portfolio will support.
Each program uses its own qualifying lens, and the right pick depends on which documentation reflects how you earn.
Closing Speed on Michigan Jumbo Deals
Bloomfield Hills, Birmingham, and Ann Arbor move quickly on the right property. Our Michigan jumbo files can close as quickly as 14 days because we structure clean at intake, run early disclosures, and pre-clear the most common underwriting friction before it hits the contract timeline.
Michigan Jumbo Programs for Different Buyers
LendFriend helps buyers access jumbo loan options for luxury homes, move-up purchases, and complex financial situations. Whether you are self-employed, using assets to qualify, or exploring crypto mortgage options, we can help build the right strategy.
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Asset Depletion Loans in Michigan
Michigan buyers with portfolio wealth, including retirees, family-business heirs, and asset-rich Bloomfield Hills and Grosse Pointe purchasers, can qualify through asset depletion rather than producing W-2 income. Brokerage accounts, IRAs, and trust holdings convert to qualifying income under the lender's formula.
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Bank Statement Loans In Michigan
Self-employed Michigan buyers, family-business owners, and dealership operators frequently report income on tax returns that understates actual cash flow. Bank-statement loans qualify off 12 or 24 months of deposits, and P&L-only programs work where deposits don't tell the full story.
Crypto Mortgages in Michigan
Buy your Michigan home using your Bitcoin and Ethereum holdings without selling a single token. Our crypto mortgage qualifies you on your digital-asset balance instead of reported income, so you can avoid triggering capital gains on a forced sale.
Digital asset holders buying in Michigan may qualify for a jumbo crypto mortgage that keeps the Bitcoin invested through closing.
RSU Mortgages For Tech Employees in Michigan
Equity-compensated Michigan professionals, common in Ann Arbor's biotech and tech sectors and across the broader Detroit metro, can use vested RSUs as qualifying income. The mortgage treats vested grants as recurring income without requiring cash-out.
Buy Before You Sell in Michigan
Northern Michigan sellers, especially in Harbor Springs and Traverse City summer markets, often pass on contingent offers. Buy Before You Sell advances equity from your existing home so you can close on the new property before the current one sells.
Jumbo No-Ratio Loans in Michigan
Finance a primary residence above the conforming limit without a debt-to-income calculation. A no-ratio loan is approved on credit, equity, reserves, and mortgage history, which fits a Grosse Pointe or Bloomfield Hills owner whose wealth sits in rental property or a private company rather than on a tax return.
How We Get You Approved for a Jumbo Loan in Michigan
Banks want W-2s and clean pay stubs, and many Michigan buyers, from Troy supplier owners to Ann Arbor physicians and Bloomfield Hills retirees, cannot hand them over. Here is how we get a Michigan jumbo loan approved without that paperwork:
Self-Employed or 1099: 12 or 24 months of business or personal bank statements replace tax returns as the income record.
Bonus, RSU, or Stock Income: We place the file with lenders whose guidelines count equity compensation and bonus history in full.
High DTI or Complex Finances: Debt-to-income ratios up to 50% are workable, and layered income sources are documented rather than discarded.
Crypto Mortgages: Bitcoin and Ethereum holdings can count as qualifying assets, so the position stays intact instead of being sold for a down payment.
Reserves in Investments: Brokerage and retirement balances strengthen the file as reserves and, where needed, as qualifying income.
We know how Michigan buyers earn and hold their wealth, and we build the approval around that record.
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Why Choose LendFriend for Your Jumbo Loan in Michigan?
Michigan jumbo is core to our work. We close across Oakland and Wayne County, Ann Arbor and Washtenaw, Grand Rapids, and the Northern Michigan summer-home corridor. The loan gets structured around the borrower rather than forcing the file into a single bank's box. Conventional, ARM, or Non-QM jumbo: we route to the lender that prices and underwrites the file best.
Transparent income, credit & DTI guidelines: We walk you through jumbo loan requirements including credit score, documentation, and debt-to-income ratios, so you can plan ahead.
Flexible solutions for self-employed professionals and retirees: Not everyone fits a W-2. For Michigan buyers whose income picture doesn't fit conventional jumbo underwriting, we run self-employed jumbo loans and asset-depletion programs for self-employed borrowers, business owners, and retirees financing high-value homes in Bloomfield Hills, Birmingham, and Ann Arbor.
Loan Options: 30-year fixed jumbo, 7/1 and 5/1 jumbo ARMs, bank-statement Non-QM, asset-depletion jumbo, RSU jumbo, crypto-backed jumbo. The right product depends on your file.
Competitive Rates with No Points: Wholesale lenders price the same Michigan file differently. We compare across the panel to find the strongest combination of rate, fees, and structure for your profile.
Personalized Mortgage Guidance: You work directly with the jumbo specialist running your file. No handoffs between departments, no losing track of where the loan stands.
Start Your Michigan Jumbo Loan Application Today
Whether you’re buying a Bloomfield Hills estate, a Birmingham downtown property, an Ann Arbor university-area home, a Grosse Pointe lakefront, or a Harbor Springs or Traverse City Northern Michigan retreat, our team builds jumbo mortgages around your goals. From ten-percent-down jumbo programs to specialty non-QM solutions for self-employed and retired buyers, we make sure you’re set up for success.
Apply for a jumbo loan online today or connect with a local expert. We’ll compare the current Michigan jumbo loan pricing, explain how jumbo loans differ from conforming mortgages, and create a clear plan to get you to closing. Many of our clients in Bloomfield Hills, Ann Arbor, Birmingham, and Grand Rapids close in as little as 14 days.
Here’s how it works:
Get Pre-Approved Quickly - A solid pre-approval letter strengthens any Michigan offer. We turn jumbo pre-approvals around fast without cutting corners on the work that makes the letter credible.
Review Your Options With Our Team - We go over your goals, your income and asset picture, and the jumbo programs that fit, so the loan you choose is the one that closes.
Close With Speed and Certainty - Most of our Michigan jumbo loans close in 30 days or less, with a clear timeline and proactive updates from application to funding.
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Michigan Buyers and Homeowners Who Received A Jumbo Non-QM Loan
Business owners, executives, retirees, and relocating families across Oakland and Wayne counties, Ann Arbor, and West Michigan come to us when a large loan amount arrives with an income picture a bank cannot read. The examples below show how jumbo asset depletion loans in the Detroit suburbs and jumbo bank statement loans supported purchases and cash-out refinances that one lender’s income calculation could not. Figures are rounded and the borrower details generalized.
$2M Birmingham Purchase After an Automotive Supplier Sale
A former supplier owner wanted a $2.6M home in Birmingham with $600,000 down after a liquidity event left most of the proceeds invested. Current salary was a fraction of the old business income, so a bank declined the file. We used a jumbo asset depletion loan that calculated income from the portfolio remaining after closing, and the $2M mortgage closed.
$2.4M Cash-Out Refinance on a $3.5M Bloomfield Hills Home
A Bloomfield Hills retiree wanted roughly $1.3M in proceeds from a home appraised at $3.5M with a $1.1M balance, without selling investments to do it. Pension income alone could not carry the new payment. A jumbo asset depletion loan counted the eligible brokerage and retirement accounts as qualifying income, and the $2.4M refinance closed under 70% loan-to-value.
$2.4M Orchard Lake Waterfront Purchase With 20% Down
A buyer weighing $600,000 or $900,000 down on a $3M Orchard Lake home wanted to keep as much of the portfolio invested as possible. Under a 60-month divisor, the extra $300,000 down would have cut calculated income by $5,000 a month. We placed a jumbo asset depletion loan at $2.4M with $600,000 down and handled the comparable-sales review for the lakefront appraisal early.
$1.5M Cash-Out Refinance on a $2.2M Troy Home on Bank Statements
A Troy supplier owner with a $2.2M home and a $500,000 balance wanted a $1.5M cash-out refinance to fund an expansion, but tax returns showed modest income after years of reinvesting. Business deposits averaged $80,000 a month, and a lender that documented a 25% expense factor counted $60,000 in monthly income. The jumbo bank statement loan returned roughly $1M before costs.
Jumbo Mortgage Options Beyond Michigan
Buyers searching in Bloomfield Hills, Birmingham, Grosse Pointe, Ann Arbor, and other higher-priced Michigan communities may also be considering homes elsewhere in the Midwest. LendFriend works with buyers across Michigan, Ohio, and Illinois, including borrowers relocating for work or comparing luxury markets across state lines.
Buyers looking toward Columbus, Cincinnati, Cleveland, New Albany, or Indian Hill can learn more about jumbo loans in Ohio. Those considering Chicago, Lake Forest, Winnetka, Glencoe, or other North Shore communities can explore jumbo loans in Illinois, including larger loan amounts, down payment options, and qualification requirements.
Many Michigan owners also keep a second home in a warmer market. LendFriend arranges home loans in Florida for buyers in Naples, Boca Raton, Palm Beach, and Sarasota, with jumbo loan options for higher-priced Florida homes that treat a seasonal residence as a second home rather than an investment property.
Families with a Texas connection can review second home mortgages in Texas for Austin, Dallas, and Houston, along with jumbo financing for higher-value Texas properties. Buyers weighing Buckhead, Alpharetta, Milton, or Sandy Springs can explore home loans in Georgia and jumbo loan options for higher-priced Georgia homes.
Whether your search stays in Michigan, expands into a neighboring state, or adds a second home in Florida, Texas, or Georgia, LendFriend can help you compare jumbo financing options before you make an offer.
BORROWER TESTIMONIALS
See Why Jumbo Borrowers Choose LendFriend Mortgage
See how homebuyers across the country have worked with LendFriend Mortgage to navigate larger loan amounts, complex income, and jumbo mortgage financing.
★★★★★
“Eric is my go to guy for all lending needs. This is my third time with Lendfriend and will be back for future purchases and refi!”
“The team at LendFriend made buying our home in Florida so easy. We had an expiring lease and LendFriend was able to move very quickly to get us closed in under 30 days before the lease ended.
They also got us a great rate on a jumbo loan and were available day and night to answer all of our questions. If you’re looking for a mortgage broker that makes the process stress-free while still getting you a great rate, you have to call LendFriend.”
“We had a great experience working with LendFriend, specifically, Michael and team. They were responsive, knowledgeable, and professional throughout the entire process. Communication was clear, and they made everything feel smooth and easy.”
“LendFriend is the absolute best. I found them after I was denied by a lender due to an appraisal issue. I spoke with dozens of lenders, but LendFriend was the only one that could figure out a solution.
They were able to close my jumbo loan in less than 3 weeks and hit my closing date. If you need a lender to step in and save the day, call LendFriend!”
“The staff from my new favorite mortgage company Lendfriend is the best experience I’ve ever had from any lending organization...Their customer Service was very attentive and always prepared to assist me in every way...Ask for Eric !!”
FAQs – Getting a Jumbo Loan In Michigan
What loan amount qualifies as a jumbo loan in Michigan?
Michigan's 2026 conforming loan limit sits at $832,750 for single-unit properties across every county. Wayne (Detroit, Grosse Pointe, Northville), Washtenaw (Ann Arbor), Kent (Grand Rapids), Oakland (Bloomfield Hills, Birmingham, Troy, Rochester Hills), and Grand Traverse (Traverse City) all use the same number. Loans above that qualify as jumbo.
The uniform statewide limit simplifies the math. The differences across Michigan markets show up in lender pricing, overlay preferences, and how each wholesale program treats specific property types, such as a Bloomfield Hills primary versus a Harbor Springs second home.
What's the maximum I can borrow for a jumbo loan in Michigan?
Our Michigan jumbo programs reach into multi-million dollar territory and up to $10M on the right file. Strong credit, substantial reserves, and clean documentation open the largest amounts, common for Bloomfield Hills and Birmingham purchases.
Do I need to have perfect credit to get a jumbo loan in Michigan?
750+ FICO secures the best Michigan jumbo pricing. Lower scores still qualify when compensating factors are in place: a larger down payment, stronger liquid reserves, or asset-depletion qualifying that values the full balance sheet.
Can I qualify for a jumbo loan in Michigan if I'm self employed or don't fit traditional lending criteria?
Yes. Non-QM jumbo programs handle Michigan family-business owners, dealership operators with deferred comp, auto-industry executives with restricted stock, partnership-comp medical and legal professionals, and retirees on portfolio income. Bank-statement loans use 12-24 months of deposits. Asset-depletion programs use brokerage and retirement balances. P&L-only programs work for cash-flow strong businesses with heavily written-off returns.
What property types in Michigan are eligible for jumbo financing?
Jumbo financing covers single-family homes, townhomes, and condominiums across Michigan. Bloomfield Hills estates, Birmingham downtown condos, Ann Arbor university-area homes, and Northern Michigan summer properties all qualify under the right program structure.
What are today's jumbo rates and how do they compare to conventional rates?
Michigan jumbo rates often match conventional pricing and sometimes price below it. Wholesale lender competition for Bloomfield Hills, Ann Arbor, and Birmingham jumbo files keeps the rate sheet sharp for well-qualified borrowers.
How much equity can I access with a jumbo cash-out refinance in Michigan?
On a Michigan home, expect the maximum loan-to-value, reserve requirement and pricing to shift with the loan amount, which is why we compare several jumbo lenders before you apply. Many owners in Bloomfield Hills, Birmingham and Ann Arbor rely on a jumbo cash-out refinance when they want liquidity without selling the home or their investments. If you own in Michigan and have VA eligibility, a VA cash-out refinance or a VA jumbo cash-out refinance may let you access more of your equity than conventional jumbo guidelines permit.
Am I able to refinance my Michigan jumbo loan?
Yes. Michigan jumbo refinances cover rate-and-term, cash-out, and ARM-to-fixed conversions. Common reasons include locking in lower fixed rates from an ARM, pulling equity for a renovation, or restructuring debt across primary and second-home holdings in Northern Michigan.
Should a veteran use a VA loan or a conventional jumbo loan in Michigan?
A VA loan works above the conforming limit. With full entitlement, eligible veterans and active-duty service members can buy a higher-priced home in Rochester Hills, Grand Rapids, or Ann Arbor with a VA loan, put $0 down, and pay no monthly mortgage insurance, and VA jumbo financing keeps that cash invested instead of tied up at closing. A conventional jumbo loan asks for 10% to 20% down plus reserves, but it is open to any qualified buyer and may be the better fit for a second home on Walloon Lake, an investment property, or a borrower who wants to preserve VA entitlement for a later purchase. We price both side by side so you can compare the payment, the VA funding fee, and the cash needed to close.
What happens if my jumbo loan is denied while I am under contract?
One bank's denial is not the market's answer. Most Michigan jumbo turndowns come from a lender that could not work with bonus or RSU income, self-employed returns, reserves, or the appraisal on a lakefront or custom property. If your jumbo loan was denied after you were already under contract, we can often move the file to a better-matched lender and still make the closing date.