🏡 Real Closed File Review – Michigan

marketing928870
Nov 18, 2025
2 min read

Updated: Dec 30, 2025

Every mortgage file tells a story and this Michigan family’s approval proves that with the right structure, the right strategy, and the right team, homeownership is possible, even when the numbers look challenging at first glance. — Every mortgage file tells a story and this Michigan family’s approval proves that with the right structure, the right strategy, and the right team, homeownership *is possible*, even when the numbers look challenging at first glance.

📌 Loan Snapshot

💰 Property Value: $608,000

🔻 Down payment: 20%

📉 Monthly Liabilities: $3,065

📊 Credit Score: 650

👨‍👩‍👧 Household Income: $161,000

🏡 Property Taxes: $10,000

📈 Interest Rate: 7.37%

💵 Monthly P&I: $3,359

📑 Closing Costs: $16,000 (~2.63% of purchase price)

🔍 How We Got It Done

This file had a few hurdles that often make approvals tougher:

A mid-600s credit score,
Higher-than-average monthly liabilities, and
A purchase price that requires strong underwriting stability.

But here’s the good news:

✔️ The borrowers had a strong household income

✔️ Solid cash reserves

✔️ A clean, fully documented file

By structuring the loan properly, positioning income correctly, and communicating clearly with underwriting, our team secured a smooth approval for this Michigan family helping them step into a home they love with confidence.

It’s another reminder that your file is more than numbers it’s a full picture, and we know how to present it the right way.

💬 Why This Matters for Buyers

If you're worried that your credit score, liabilities, or debt-to-income ratio might hold you back, let this story encourage you:

✨ Approvals are possible

✨ Every borrower’s path is different

✨ A well-structured application makes all the difference

Whether you're in Michigan, New York, or anywhere else the right mortgage team can help you navigate the numbers and find the best path forward.

LJ – Your Local Guide to Homeownership!

📍 127-03 Rockaway Blvd, South Ozone Park, NY 11420

📞 (516) 218-1297

LJ Realty Team – Buy • Sell • Rent Equal Housing Opportunity

LJ Mortgage Team Inc. — NMLS# 2120286Purchase & Refinance NYS Registered Mortgage Broker, NYS Dept. of Financial Services. Broker arranges mortgage loans with third-party providers.

MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER.

Licensed by the N.J. Department of Banking and Insurance.

We do not make any mortgage loan commitments or fund any mortgage loans.

NMLS Consumer Access: www.nmlsconsumeraccess.org

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