Ross Mortgage Corporation is a successful mortgage banking company with a reputation for professionalism, integrity and quality service.  From a single office start up in 1983, Hugh and Tim Ross have built the enterprise into a multi branch full service mortgage banking company.  In 1986, Ross Mortgage acquired Michigan Mortgage Corporation.  Along with the servicing portfolio and personnel Ross assumed all that belonged to Michigan Mortgage including their 1949, date of incorporation.  As a result, Ross Mortgage Corporation celebrates 60 years of service to homeowners and home buyers.  Ross Mortgage Corporation provides mortgage banking services to its customer from its Royal Oak, Michigan headquarters and through branch locations in Michigan, Ohio and Kentucky.  Ross Mortgage is a Fannie Mae approved seller servicer; however Ross sells the servicing rights on all of its originations and is an approved correspondent with the nation's largest wholesalers.  

Business partners Hugh and Tim Ross, Chairman and President respectively share direct operations responsibility along with five other key members of the executive management team.  From the headquarters location this team manages all aspects of the operation that includes originations through both the retail and wholesale channels, underwriting, closing, compliance, loan warehouse and delivery, secondary marketing, accounting, information technology and branch operations. 

Ross Mortgage is a traditional mortgage banking company having established its business through development of referral sources in the residential real estate and new construction communities.  Today, while the realtor and builder continue to be important sources of new business, the closed client data base has eclipsed all others as our number one source of repeat and new business referral.  Ross prides itself on the strong relationships developed with our customers and sources of referral and works constantly to add value to these relationships.  Our goal is to treat each customer with honesty, integrity and respect and to provide the best mortgage solution to qualified customers.

Loan Programs

Ross Mortgage offers many different types of financing and refinancing options. To find the best option for your situation, contact me to assist you in deciding on the best program for you! 

Conventional Products

A traditional type of financing that lets you establish a fixed monthly payment for consistency in budgeting. With a Conventional loan, you may choose from a variety of terms to structure a payment schedule that best suits your needs. The types of Conventional loan products we offer are:

• Fixed Rates
• Adjustable Rates
• Jumbo Fixed Rates
• Jumbo Adjustable Rates

 Government Products

FHA Loans with Minimal Down Payment

• A FHA Mortgage is insured by the Federal Housing Authority (FHA). The borrower of this loan can finance 96.5% of the sales price of the home, because FHA will insure timely repayment of the mortgage. The maximum mortgage amount for a FHA loan in the greater Detroit area is $297,500. Everyone who has a valid social security card is eligible for a FHA loam. FHA financing can be used by individuals repeatedly.

VA Loans with Zero Down Payment

• A VA loan is a mortgage that is insured by the Veterans Administration. If you are a veteran or a spouse of a veteran, you may be eligible for VA financing. The maximum VA mortgage amount is $417,000.