Bloomfield Hills is Michigan's most exclusive residential market. Nearly every transaction is a jumbo loan. Clear2 has the wholesale access to jumbo products, the speed, and the expertise to compete here.
Bloomfield Hills is the highest-priced residential market in Michigan, and almost every transaction exceeds the $832,750 conforming limit. That means nearly every buyer here needs a jumbo loan, and not every lender can deliver on that consistently. Access to wholesale jumbo products, the right underwriting relationships, and a team that understands this price point all matter.
Clear2 is an independent mortgage broker with access to 50+ wholesale lenders, including jumbo and super-jumbo programs that retail banks and direct lenders do not offer. Bloomfield Hills buyers are typically comparing rates across multiple sources. Wholesale pricing gives Clear2 a direct advantage in that comparison.
Our Troy office is minutes from Bloomfield Hills. We know the market, the appraisal environment, and what sellers and listing agents expect from a buyer's financing at this price point. We close in 30 days or less.
Alec Haddad
Director of Sales
NMLS #1626991
Alec Haddad has more than seven years of mortgage experience and has earned recognition as a top originator, closer, and sales leader. His industry knowledge helps him develop creative, customized financing strategies for homeowners and homebuyers.
With access to 50+ wholesale lenders, Clear2 offers jumbo, conventional, bank statement, DSCR, and government-backed programs, including options most Bloomfield Hills buyers don't know they can access through a broker.
Nearly every Bloomfield Hills transaction exceeds the $832,750 conforming limit. Clear2 shops multiple wholesale jumbo lenders to find competitive rates and flexible terms for purchases up to $5M+.
Conventional financing applies at the lower end of Bloomfield Hills pricing, primarily in Bloomfield Village and near the Birmingham border, where some transactions fall below the conforming limit.
Many Bloomfield Hills buyers are business owners or executives with complex income. Bank statement loans qualify on 12, 24 months of deposits rather than tax returns, no W-2 required.
Qualify on rental income, not personal income. No tax returns required. Well-suited for Bloomfield Hills investment property buyers and those expanding a rental portfolio at this price tier.
FHA is rare at Bloomfield Hills price points but available at the market's lower entry range. 3.5% down, flexible credit requirements. We'll tell you straight whether FHA is the right fit.
VA loans are available for eligible veterans and have no loan limit with full entitlement remaining. A strong option for veteran buyers even at Bloomfield Hills price points.
Access up to 90% CLTV with a revolving line of credit. Interest-only draw period, flexible repayment. Perfect for renovations, debt consolidation, or big expenses.
Bloomfield Hills is not a single price point. Each pocket has its own range, buyer profile, and financing dynamics. Here's what Clear2's loan officers see on the ground.
Michigan's most coveted address, surrounding the Cranbrook Educational Community. Cash and jumbo-only territory with the lowest inventory in the market. Buyers here move quickly when the right home appears.
Premier lakefront and near-lake properties drawing seasonal and year-round buyers. Jumbo financing is standard throughout this corridor, with strong appreciation on waterfront parcels.
The most accessible entry point into Bloomfield Hills proper. Some conventional financing is still possible at the lower end; most transactions above $832K move into jumbo territory.
A transition area where conventional financing is possible below $832K and jumbo applies above. Buyers here often compare both options, and Clear2's wholesale access makes that comparison fast and accurate.
Larger estate-style properties with strong year-over-year appreciation. Primarily jumbo financing throughout, with a buyer profile that skews toward executives and established professionals.
Near-Bloomfield Hills pricing without the city limits designation. Broader loan program mix, including conventional at the lower end, jumbo above $832K, and stronger interest from first-time luxury buyers.
Five-star reviews from Clear2 clients on Google.
"Donavin was straightforward and a breeze to work with. Communication was quick and easy. The whole process was seamless and he was available for guidance or questions. I would not hesitate to use Clear2 Mortgage in the future."
"Alex was absolutely amazing from the beginning. He was patient and thorough with all of our questions. He even followed up after the process was finalized to ensure everything was still good. I would recommend him to everyone!"
"The process was seamless and every question I had as a first-time home buyer was answered. My loan officer gave me his professional opinion based on my specific circumstances to personalize my loan."
What credit score do I need for a jumbo loan in Bloomfield Hills?
Most jumbo lenders require a minimum 700, and many prefer 720 or higher. Some wholesale programs go down to 680 with a larger down payment. Clear2 works with multiple jumbo lenders and can match your profile to the right program.
How much do I need for a down payment on a Bloomfield Hills home?
Jumbo loans typically require 10, 20% down depending on the loan size and lender. On an $875,000 purchase, that means roughly $87,500, $175,000. Some programs allow 10% down on loans up to $2M for well-qualified buyers.
What is a jumbo loan and why does it matter in Bloomfield Hills?
A jumbo loan is any mortgage that exceeds the conforming loan limit, currently $832,750 for Oakland County. Because the median home price in Bloomfield Hills is $875,000, nearly every purchase here requires jumbo financing rather than a standard conventional loan.
Can self-employed buyers qualify for Bloomfield Hills financing?
Yes. Bank statement loans are designed for exactly this situation. Instead of W-2s or tax returns, lenders review 12, 24 months of business or personal bank statements. Many Bloomfield Hills buyers, including executives and business owners, use this program.
How does Clear2's wholesale access benefit Bloomfield Hills buyers specifically?
Bloomfield Hills buyers typically shop rates across multiple lenders before committing. As a wholesale broker, Clear2 accesses lender pricing that isn't available at retail banks because there's no branch overhead built into the rate. That difference is meaningful on a $1M+ loan.
Does Clear2 serve Bloomfield Hills buyers?
Yes. Clear2's main office is at 2600 W Big Beaver Rd, Suite 100, Troy, MI 48084, minutes from Bloomfield Hills. We serve buyers throughout Oakland County every day. Reach us at (248) 970-0040, Monday, Friday 9am, 6pm ET.
Can I get a HELOC in Bloomfield Hills?
Yes. Clear2 offers HELOCs up to 90% combined loan-to-value (CLTV) in Michigan, including Bloomfield Hills. You can draw on the line as needed during a 10-year draw period and make interest-only payments. It's a strong option for homeowners looking to fund renovations, consolidate high-interest debt, or cover major expenses without refinancing. See our full HELOC program details.
No obligation, no hard credit pull. Just a clear picture of what you qualify for from a team that knows this market and closes in 30 days.
Clear2 Mortgage, LLC. NMLS #1911663. Licensed Mortgage Broker. 2600 W Big Beaver Rd, Suite 100, Troy, MI 48084. Equal Housing Lender. This is not a commitment to lend. All loans subject to credit approval, property appraisal, and underwriting guidelines. Rates and terms subject to change without notice.
Clear2 Mortgage, LLC. NMLS #1911663. Licensed mortgage broker. Not a lender. Loan approval subject to credit review and underwriting. Rates and terms subject to change without notice. Not all applicants will qualify. This is not a commitment to lend. Equal Housing Opportunity. Alec Haddad, NMLS #1626991.
