Treadstone Mortgage
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Welcome to our mortgage blog & events area. At Treadstone Funding we try to curate our blog with helpful info on the markets we serve & the mortgage process. Our mission is to help people buy homes with less hassle and more enjoyment by developing genuine relationships, applying a team-based approach to customer care, and providing sound advice.
Treadstone Mortgage
2w ago
How to Qualify for a USDA Loan in Michigan?
If you’re being pulled toward the attractive features of a USDA Loan, whether it’s the competitive interest rates or zero down payment opportunities catching your eye, it’s important to pinpoint your rural development eligibility before moving forward in the loan approval process.
Eligible borrowers and their selected property should meet the following requirements:
The property in question must be in an eligible location
The property must also be a single-family, owner-occupied home
Borrower’s income must be below USDA-set limits (based on your are ..read more
Treadstone Mortgage
2w ago
When navigating the home-buying process, understanding appraisal and inspection requirements can be crucial, especially for those interested in a USDA Loan— specifically the Single Family Housing Guaranteed Loan Program. This article will guide you through what is needed and when these elements surface in the home-buying process.
What is a USDA Loan?
USDA Loans offer a 0% down payment option, an attractive choice for buyers in rural areas. This type of loan facilitates homeownership in less urbanized locations, providing a unique opportunity for many buyers. Also known as RD Loans, flex ..read more
Treadstone Mortgage
2w ago
The House Hacking Strategy, Explained
In a real estate landscape often dominated by hefty interest rates, daunting down payments, and generally towering housing costs, house hacking is a game-changer. Basically, house hacking is when you buy a multi-family or single-family house and you live in one unit or room, renting out the remainder of the property. Ideally, the rental income will entirely offset your mortgage payment, freeing you up (quite literally) to live for free. This unconventional approach allows individuals to acquire a home with minimal upfront costs, slashing the traditional 20 ..read more
Treadstone Mortgage
2w ago
Are you a first-time homebuyer exploring your options in Michigan? If so, you might be sifting through a sea of loan programs, down payment assistance options and requirements, minimum credit score parameters, Michigan home buyer incentives, interest rates, and pre-approvals, all on the quest to find the best loan program for you.
The ins and outs of buying your first home can be a lot to take in, but there are plenty of programs in Michigan geared toward first-time homebuyers, which make the process a little less daunting.
Who is Considered a First-Time Home Buyer in Michigan?
In Michi ..read more
Treadstone Mortgage
2w ago
If you’re planning an extreme home makeover because you think you’ll be able to write off some of your improvements on your taxes, you might want to pump the brakes a bit. In general, home repairs and renovations aren’t typically eligible for tax breaks, credits, or deductions. Although, as with most things tax-related, there are a few caveats you may be able to consider.
Home Improvements That ARE Tax Deductible
Home Office – Business & Self Employed Spaces
If you’ve been thinking about turning a section of your basement into a home office, 2024 might just be the year to do it. Tra ..read more
Treadstone Mortgage
1M ago
If you are already a homeowner or planning to become one soon, it is important to understand which tax deductions you might be able to take advantage of. While you might not be able to get your money back for every can of paint you buy to paint your walls with, there are some other ways you might be able to get tax breaks courtesy of your home, from mortgage interest to certain home repairs.
Deductible Expenses Explained for Tax Returns Filed in 2024
The IRS allows you to decrease the amount of your income that gets taxed by subtracting (or deducting) the cost of certain expenses. For e ..read more
Treadstone Mortgage
1M ago
If you’re planning an extreme home makeover because you think you’ll be able to write off some of your improvements on your taxes, you might want to pump the brakes a bit. In general, home repairs and renovations aren’t typically eligible for tax breaks, credits, or deductions. Although, as with most things tax-related, there are a few caveats you may be able to consider.
Home Improvements That ARE Tax Deductible
Home Office – Business & Self Employed Spaces
If you’ve been thinking about turning a section of your basement into a home office, 2024 might just be the year to do it. Tra ..read more
Treadstone Mortgage
1M ago
841 Dorothy Bowen Drive, Sheridan, MI 48884
Listed By: Mark Jewell
Price: $440,000 Bedrooms: 3 Bathrooms: 1.5 Square Ft: 1,300
11487 Loggers Trail, Grand Haven, MI 49417
Listed By: Katie Karczewski
Price: $899,000 Bedrooms: 4 Bathrooms: 3 Square Ft: 4,461
3130 E Gatehouse Drive SE, Grand Rapids, MI 49546
Listed By: Jason Carpenter
Price: $579,900 Bedrooms: 4 Bathrooms: 3 Square Ft: 3,518
1320 Cramton Avenue NE, Ada, MI 49301
Listed By: Stacey Braun
Price:  ..read more
Treadstone Mortgage
2M ago
Thinking about moving to Grand Rapids, Michigan? Well, you might want to reconsider!
Here are six terribly compelling reasons why living in Grand Rapids could be the worst decision you ever make (wink, wink).
Corewell Health Meijer Heart Center & Butterworth Hospital in Grand Rapids.
Access to World-Class Healthcare is Much Too Easy
Grand Rapids is home to one of the best children’s hospitals and some of the best medical centers in the region, including an expanded heart center and cancer treatment centers all within 15 minutes of downtown GR.
For those who don’t want easy access ..read more
Treadstone Mortgage
2M ago
USDA income limits determine eligibility for Rural Development Home Loans. Updated annually, these limits vary by location and family size. Changes reflect shifts in median incomes, ensuring assistance reaches those with financial need to promote the program’s goal of promoting sustainable rural communities in West Michigan and the rest of the country.
Who Qualifies for USDA Loans?
To obtain a USDA Loan, borrowers must meet a variety of eligibility requirements.
Borrower Requirements
Income limits aren’t the only parameter to keep in mind when it comes to USDA Loans in Michigan. Althoug ..read more