Most lenders make only home loans that can be sold to Fannie Mae, Freddie Mac and other government agencies. Mackinac also sells to those agencies, but by using its own funds and with common sense underwriting, is able to make portfolio loans that are ineligible for agency delivery. If you are creditworthy and your lender has denied your loan on a technical credit or property issue (and the list of those issues is growing), contact us.
Mackinac also has special portfolio loan programs for foreign national home buyers, cooperative apartments (Florida and Michigan), small multi-family properties, small retail/office strip centers, properties subject to ground leases and recreation lease, non-warrantable condominiums and many other loan types that other lenders avoid.
Contact a loan officer for more information.