Our Programs


Areas of Expertise

We specialize in providing the right loan for the right borrower.  Our passion is consulting.  We not only want to help you finance your home loan but provide expert consultation during the entire process.



Conventional Loan Options

A conventional loan is a mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA). It is typically fixed in its terms and rate.

FHA Loan Options

These are loans insured by the Federal Housing Authority.  They have lower down payment and credit requirements than conventional loans.

Streamlined 203k Loan Option
FHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser.


"Thank you for all of your hard work.  You were GREAT!"  --Jason and Sarah, Morenci, MI

"Blue Water Home Loans was informative and personable."  --Steve, Macomb, MI

"The services Blue Water Home Loans offered were excellent."  --Stephen and Kellie, Kimball, MI

VA and RD Loan Options

VA Loan Programs

VA loans are guaranteed by U.S. Dept. of Veterans Affairs. The guarantee allows veterans and service persons to obtain home loans with favorable loan terms, usually without a down payment. In addition, it is easier to qualify for a VA loan than a conventional loan.  VA determines your eligibility and, if you are qualified, VA will issue you a certificate of eligibility to be used in applying for a VA loan.

VA-guaranteed loans are obtained by making application to private lending institutions.

RD Loan Programs

RD loans are loans in "rural areas" garuanteed by the Rural Development arm of the U.S. Dept of Agriculture.  They provide financing without a downpayment and minimal closing costs.  Income and location restrictions do apply.  

Homepath Loan Options

This special financing is available on Fannie Mae homes with the HomePath logo. Several benefits include low down payment and flexible mortgage terms, qualifying if your credit is less than perfect plus down payment (at least 3 percent) can be funded by your savings; a gift, a grant, or a loan from a nonprofit organization, state or local government, or employer. This unique financing also requires no mortgage insurance or appraisal fees.