Jeff Rounds
Loan Officer
NMLS#
234295
Branch Address
4595 Broadmoor Ave SE Ste 100, Grand Rapids, MI 49512
Phone
Cell: (616) 291-1092
Social
Since 1995, Jeff Rounds has been helping families across Michigan achieve the goal of homeownership.
From standard conforming conventional loans to government-backed options such as FHA, VA, and USDA Rural Development (RD) loans, to Michigan State Housing Development (MSHDA) loans, new construction, Jumbo loans and specialized portfolio products, Jeff has an in-depth understanding of a wide array of mortgage loan products.
A firm believer in community engagement, Jeff is an active or past member of several organizations. He is associated with the Grand Rapids Area of Realtors (GRAR), Women’s Council of Realtors (WCR), and the Home Builders Association of Grand Rapids. He is also committed to giving back. He volunteers his time with organizations like Habitat for Humanity, Angel Tree, Forest Hills Eastern Boosters Club, and the ICCF, where he has taught first-time buyer classes.
When you work with Jeff Rounds, you’ve got a partner dedicated to your success. Jeff’s style is to treat his clients as if they were family or how he would like to be treated when in need of a service. He’s open and honest about a client’s options and shares the positive and negatives of each. He feels compelled to provide guidance based on his decades of experience and help his clients make the best decision that’s right for their unique situation. He takes pride in the fact that in over 25 years of assisting borrowers, at no time did he feel the loan he closed wasn’t the best option available and in client’s best interest.
Jeff’s proudest achievement is the trust he has earned from his clients. The majority of his business comes from repeat clients or referrals from past clients. For Jeff, this is the ultimate testament to his expertise and the positive impact he has on people’s lives. To him, there’s no greater acknowledgment than knowing he made a difference.
Whether working with first-time buyers taking their initial steps into homeownership, investors seeking strategic opportunities, or individuals managing multiple properties, Jeff is the go-to expert for all your mortgage needs.
I am here to serve you and to tailor a loan that meets your needs.
Mortgage Programs Explained
There is no one-size-fits-all when it comes to mortgage lending. MiMutual has numerous loan options to fit every budget and situation. At MiMutual Mortgage, you can expect a one-on-one consultation to determine the right loan program for your unique situation.
A Conventional loan is a mortgage not guaranteed by the government. However, most conventional loans will follow the guidelines established by Fannie Mae (FNMA) and Freddie Mac (FHLMC). This type of loan is good for borrowers with a favorable credit score and allows more flexibility in loan terms and higher loan limits.
Unlike FHA, VA or RD loans, conventional loans do not require private mortgage insurance (PMI) unless the borrower has less than 20% down. 20% down however, is not a requirement and some conventional loans allow as little as 3% down! Once the loan reaches 20% equity, PMI can be canceled.
In addition to standard conventional loan programs, MiMutual Mortgage also offers the following niche conventional loan programs:
- Fannie Mae HomeReady
- Freddie Mac Home Possible
- Freddie Mac HomeOne
- Freddie Mac Refi Possible
Government loans are backed by the federal government. The loan is funded or originated by the mortgage company, but has a guarantee from either the Federal Housing Administration (FHA), USDA Rural Development (RD), or US Dept of Veterans Affairs (VA).
Government loans open the door for borrowers that have little to no money saved for a down payment, a challenging credit history or have lower credit scores. Government loans offer easier qualifying requirements and are widely used in the industry.
Government-insured loans can be used for purchase, renovation (through the FHA 203(k) loan), or refinance transactions.
Government loan programs include:
- Federal Housing Administration (FHA)
- USDA Rural Development (RD)
- Veterans Affairs (VA)
The Federal Housing Finance Agency (FHFA) sets a limit on the dollar amount a conventional loan must conform to. Any loans beyond this limit are known as a Jumbo loan. With a Jumbo Loan from MiMutual, you can expand your options and find your dream home that will meet your needs now and in the future.
MiMutual Mortgage offers a number of Jumbo Mortgage Programs to fit a variety of situations. These include Purchase loans, Asset-Qualifier, Rate and Term and Cash-Out Refinance loans.
Highlights include:
- As little as 10% down
- Loan amounts up to $4 Million
- Primary residence, second homes, and investment properties are eligible
Don’t have much saved for a down payment?
We can help with that!
Down Payment Assistance (DPA) can:
- Reduce out of packet cash to close
- Put cash savings to work by improving the home and growing equity
- Free up cash to pay down student loan debt or other bills
- Save cash to start investing for the future
MiMutual Mortgage offers a number of down payment assistance programs including:
- Chenoa Fund DPA for FHA financing
- The National DPA for Conventional financing
- State Housing Finance Authority DPA and MCC
MiMutual Mortgage is a Renovation Loan specialist. We were even featured on the Lifetime Network “Designing Spaces” home design television show! With a Renovation loan, you can bundle the cost of purchasing or refinancing with the cost of renovation into one single loan!
MiMutual Mortgage offers the FHA 203k and Conventional HomeStyle renovation loans. These allow for the same qualifying factors as a traditional FHA or Conventional loan with the ability to lend up to the estimated after-improved value of the home!
Eligible renovations include:
- Small repairs with a minimum renovation cost of $5,000
- Kitchen remodels including appliances
- New roof
- Additions
- New flooring
- Instillation of an in-ground pool
Still not finding what you are looking for?
MiMutual Mortgage has a number of unique loan programs including:
- Qualifying on assets without income
- Real Estate Investor programs including DSCR
- Self-Employed financing options
- Bank statement qualifying
Start Your Mortgage Journey
You are about to begin the mortgage loan application
- Applying on the MiMutual Mortgage Online Loan Application is quick, easy, and secure! The loan application will take about 25 minutes to complete.
- Once your application is submitted, you can log back into the MiMutual Mortgage Online Loan Application to securely upload requested documents, view your loan status, and communicate with your mortgage team.
- If you have questions, reach out to your MiMutual Mortgage Loan Officer.
Your guided mortgage journey starts here!
Start Application