Dominion Financial Services for Michigan investors
Dominion Financial Services is an established lender with comfort on distressed properties and flexibility on borrower credit profiles.
Michigan context
Michigan strongest cash flow markets in country. Detroit and Flint produce 1%+ rent-to-price ratios. End-buyer market thin in some submarkets.
How Dominion Financial Services positions in Michigan
Within Michigan, Dominion Financial Services competes alongside other DSCR lenders. Dominion Financial Services strengths: experienced underwriting, distressed property comfort. The high aggregate DSCR economics of Michigan create demand for Dominion Financial Services programs in Detroit and Grand Rapids particularly.
City-level coverage in Michigan
Dominion Financial Services provides DSCR coverage across Michigan metros including Detroit, Grand Rapids, and Lansing. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Dominion Financial Services program terms apply uniformly across Michigan metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, bridge, rental |
| Loan size | $50K - $5.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 75% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 7-14 days typical |
| Michigan property tax | 1.4% |
| Michigan state income tax | 4.25% |
Dominion Financial Services strengths in Michigan
- experienced underwriting
- distressed property comfort
- flexible on credit
Ideal borrower: Investor on distressed deals or with credit hair
FAQ
Yes, operates nationally including Michigan. Dominion Financial Services is based in Baltimore, MD and operates nationally.
Detroit is the top investor market in Michigan and falls within Dominion Financial Services national coverage. Detroit property tax follows the Michigan state rate of 1.4 percent. Dominion Financial Services typically underwrites Detroit acquisitions at standard rate sheets.
Yes. Grand Rapids ranks among the larger Michigan investor metros and sees consistent DSCR loan volume from Dominion Financial Services. Submarket variation within Grand Rapids matters for property selection.
Dominion Financial Services applies the same rate sheet across Michigan metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Detroit, Grand Rapids, and Lansing all qualify for the same Dominion Financial Services program.
Dominion Financial Services indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Michigan strongest cash flow markets in country. Detroit and Flint produce 1%+ rent-to-price ratios. End-buyer market thin in some submarkets. Dominion Financial Services follows standard business-purpose loan structures.
Dominion Financial Services funds fix-and-flip, bridge, rental in Michigan.
Michigan allows standard DSCR prepay structures; Dominion Financial Services typically uses 3-5 year step down.
Dominion Financial Services typical close: 7-14 days typical.
Bottom line
For Michigan DSCR borrowers, Dominion Financial Services is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Dominion Financial Services.