You earned a mortgage with $0 down and no PMI. The VA loan is one of the strongest financial benefits available to Michigan veterans and active-duty service members, and most buyers who use it leave money on the table by not shopping it properly. Clear2 closes VA loans every week.
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs. The VA doesn't lend money directly. Instead, it guarantees a portion of each loan, allowing VA-approved lenders to offer zero down payment, no private mortgage insurance, and competitive interest rates to eligible service members, veterans, and surviving spouses.
Eligible veterans with full entitlement can finance 100% of the purchase price with no down payment required, in any Michigan county, with no loan limit restriction.
Conventional loans require PMI with less than 20% down, adding hundreds per month to your payment. VA loans have no PMI requirement, ever, regardless of down payment amount.
As an independent broker, Clear2 shops 50+ wholesale VA lenders to find the lowest available rate for your situation, not just the rate one bank happens to offer today.
VA eligibility is based on your service history. You'll also need a Certificate of Eligibility (COE), which Clear2 can obtain on your behalf through the VA's automated system in most cases.
The VA funding fee is a one-time fee paid to the VA that helps sustain the program for future veterans. It can be rolled into your loan balance so there's nothing due at closing. Some veterans are completely exempt.
Funding fee rates shown are for purchase loans as of 2025. IRRRL (VA streamline refinance) and cash-out refinance rates differ. Rates subject to change by the VA.
For eligible borrowers, VA wins on nearly every financial metric. Here's how it compares to a standard conventional loan.
Beyond your VA loan benefit, Michigan offers state-level resources for veterans. The Michigan Veterans Affairs Agency (MVAA) connects veterans with housing assistance, benefits navigation, and veteran service organizations across the state.
VA loans look different for every veteran. Here are three realistic examples of Michigan buyers who used VA financing through Clear2.
An Army veteran recently separated from active duty had $0 saved for a down payment but strong income from a new civilian job in Metro Detroit. Using VA entitlement, he purchased a $385,000 home in Oakland County with no down payment, no PMI, and a wholesale rate Clear2 sourced below what his credit union quoted.
A surviving spouse of a veteran who passed from a service-connected condition was eligible for VA benefits and exempt from the VA funding fee. She purchased a $275,000 home in Macomb County with $0 down, no funding fee, and no PMI. Her monthly payment was $400 less than a comparable FHA loan would have required.
A Michigan National Guard member with 7 years of service qualified for VA eligibility and wanted to buy a $420,000 home in Washtenaw County. With a 680 credit score and stable W-2 income, Clear2 shopped 50+ wholesale VA lenders and closed in 28 days, well within the 30-day guarantee.
At Clear2, VA loans are handled by loan officers who understand the nuances of the program: COE processing, VA appraisal requirements, funding fee exemptions, and how to structure a VA loan for the fastest possible close. As an independent broker, we shop 50+ wholesale VA lenders so Michigan veterans get a rate their local bank can't match.
Our Troy, MI office means you work with a local team from application to closing day, not a national call center.
Clear2 Mortgage2600 W Big Beaver Rd, Suite 100Troy, MI 48084(248) 970-0040
Chris Essak serves as Executive Director of Sales at Clear2 Mortgage, bringing deep expertise in VA loan structuring for Michigan veterans and active-duty service members. As an independent broker, Chris shops the wholesale VA market to find the most competitive rates and fastest closings available for eligible borrowers.
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."
How do I get my Certificate of Eligibility (COE) in Michigan?
Clear2 handles COE requests directly through the VA's automated system as part of your loan application. In most cases we can obtain it instantly, with no additional paperwork on your end. If your service record requires a manual review, we guide you through the documentation process.
Can I use a VA loan more than once?
Yes. VA entitlement can be restored and reused after your previous VA loan is paid off and the property is sold, or if you have remaining entitlement available. Many veterans use VA loans multiple times across their lifetime. Clear2 will review your COE to confirm your available entitlement before you apply.
Is there an income limit to qualify for a VA loan?
No. VA has no maximum income limit. Eligibility is based on service history, not income. Income matters for qualifying ratios (specifically the residual income test), but high income is never a disqualifying factor. The VA program is available to all eligible veterans regardless of earnings.
Does the VA funding fee have to be paid at closing?
No. The funding fee can be rolled into your loan balance, eliminating the out-of-pocket cost at closing. This is one of the program's borrower-friendly features. Veterans with VA disability compensation of any rating are fully exempt from the funding fee. Clear2 confirms exemption status before your loan closes.
What is the VA loan limit in Michigan for 2025?
For veterans with full entitlement, there is no VA loan limit in Michigan. You can borrow as much as a lender will approve based on your income and credit. The $806,500 figure is the 2025 conforming loan limit used as a reference point for partial entitlement calculations, not a hard cap on VA borrowing.
Why use Clear2 for my VA loan instead of a bank?
Banks offer their own VA rates at retail markup. As an independent broker, Clear2 accesses wholesale VA pricing from 50+ lenders and selects the one with the best rate and lender overlays for your profile. Wholesale VA rates typically undercut retail bank rates because there is no branch cost built in, and our team handles the VA-specific paperwork so the process runs faster.
No obligation, no hard credit pull. Just a clear picture of what you qualify for from a team that knows Michigan's VA 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.
