Novi is one of Metro Detroit's fastest-growing markets, and Clear2 Mortgage is here for it. Our team knows the neighborhoods, the competitive dynamics, and every loan program available to Novi buyers.
Novi has transformed into one of the most sought-after addresses in Oakland County, and that momentum shows in the numbers. Homes are selling in 19 days at 101% of list price, and buyers who show up without a solid pre-approval lose deals. Clear2 issues same-day pre-approval letters so you can move when the right home hits the market.
The Novi buyer pool is one of the most diverse in Michigan. We work with a large number of corporate relocation buyers, tech professionals, and business owners drawn to Novi's position between I-96 and M-5, its proximity to major employment corridors, and its highly rated school district. That range of buyer profiles means every loan program matters here, from conventional and FHA at the entry level to bank statement loans for self-employed buyers and DSCR for investors targeting the rental market.
As an independent broker, Clear2 shops 50+ wholesale lenders to find the best rate and program fit for each client. We close in 30 days or less.
Lewis Barbat
NMLS #2163286
Lewis Barbat has experience across purchase, refinance, and reverse mortgage transactions and is known for moving loans efficiently toward closing. He combines borrower education with a detail-focused approach to structure loans around each client's specific goals.
With access to 50+ wholesale lenders, Clear2 offers every loan program available in Michigan, including programs many Novi buyers don't know they qualify for.
Down payments as low as 3%. No PMI at 20% down. The dominant loan type in Novi across the $350K to $650K price range.
3.5% down, flexible credit. Active at Novi's entry level, particularly in the Wixom Road and Twelve Oaks corridors in the $350K to $470K range.
$0 down for eligible veterans and active-duty service members. No PMI, competitive wholesale rates through our VA-approved lender network.
For purchases above the $832,750 conforming limit. Active in South Lake Drive and premium waterfront properties where prices regularly exceed conventional loan ceilings.
12 to 24 months of bank statements instead of tax returns. Strong demand from Novi's business owners, consultants, and tech professionals.
Qualify on rental income, not personal income. No tax returns required. A strong fit for investors targeting Novi's Town Center condo rental market.
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.
Novi is not one market. Each area has its own price range, buyer profile, and loan program mix. Here's what Clear2's loan officers see on the ground.
High-demand condos and townhomes near the Twelve Oaks Mall corridor. Attracts first-time buyers and downsizers. Conventional is the dominant loan type; buyers should expect competition and be pre-approved before scheduling showings.
Established subdivisions with larger lots and well-regarded schools. Move-up and relocation buyers make up the majority of demand. Conventional with 10 to 20% down is the standard here.
Newer construction subdivisions with strong appreciation and consistent corporate relocation activity. Buyers often come in from out of state and need a lender who can close quickly on a tight timeline.
The most accessible entry point into Novi. First-time buyers and investors are both active here. FHA and conventional both work well in this price range, and Clear2 can structure either efficiently.
Near Walled Lake with lakefront and near-lake properties commanding premium pricing. Conventional dominates in the $400K to $600K range; jumbo financing comes into play on premium waterfront lots above $700K.
Urban-style living in a suburban setting with a strong rental market. Investors are active here, and DSCR financing is a natural fit for buyers who want to qualify on rental income rather than personal tax returns.
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 to buy a home in Novi?
Most conventional loans require a minimum 620. FHA allows as low as 580 with 3.5% down. Clear2 shops 50+ wholesale lenders and can often find options outside those standard thresholds depending on your full financial picture.
How much do I need for a down payment at Novi's median price?
Conventional starts at 3%, FHA at 3.5%, VA is $0 down. At Novi's $445,000 median, a 3.5% FHA down payment is about $15,575 before closing costs. Conventional at 5% is roughly $22,250. Clear2 can walk through every option during a free consultation.
Is Novi a good market for first-time buyers?
Yes, though it is competitive. The Wixom Road corridor and Twelve Oaks condo market both offer accessible price points for first-time buyers. FHA's flexibility on credit and down payment makes these areas workable. The key is having a pre-approval ready before you start touring.
How competitive is the Novi housing market right now?
Very. Homes are selling in 19 days on average at 101.1% of list price. That means offers above asking are common and buyers without pre-approval letters are at a real disadvantage. Clear2 issues pre-approvals same-day.
Are there good investment property opportunities in Novi?
Yes. Novi Town Center condos in particular have a strong rental market. DSCR loans let investors qualify based on the property's rental income rather than personal tax returns, which is especially useful for business owners and those with complex income structures.
Does Clear2 serve Novi buyers?
Yes. Clear2's main office is at 2600 W Big Beaver Rd, Suite 100, Troy, MI 48084, just a short drive from Novi. Our loan officers work with Novi buyers regularly and know the local market well. Reach us at (248) 970-0040, Monday through Friday, 9am to 6pm ET.
Can I get a HELOC in Novi?
Yes. Clear2 offers HELOCs up to 90% combined loan-to-value (CLTV) in Michigan, including Novi. 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.
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.
