Founded in 2002, Top Flite Financial is a leading mortgage provider. It offers home loans to everyday consumers. This includes first-time homebuyers and those with less-than-perfect credit.
About Top Flite Financial
Top Flite Financial is a full-service mortgage lender headquartered in Michigan. It provides an array of mortgages to meet the diverse needs of borrowers. As a homegrown lender, it takes pride in supporting its clients through flexible solutions.
The lender also emphasizes the value of life, freedom and integrity through homeownership. Top Flite is also accredited by the Better Business Bureau (BBB) with an A+ rating. This underscores its commitment to customer satisfaction and integrity in the mortgage process.
Top Flite Financial’s Key Mortgage Services
There are three primary mortgage services to meet your home lending needs.
Mortgage Purchase Loans
Top Flite Financial features various mortgage loan products to help you buy a home. Whether you’re a first-time homebuyer or an existing homeowner, its solutions may work for you. There are also options for self-employed homebuyers in the market for a home.
Mortgage Refinance
Refinancing can help pave the way to financial independence. You can use it to make your monthly mortgage payments more manageable and free up room in your budget. Debt consolidation is another option to give you relief. Or you can fund costly home renovations to improve your home’s value.
Reverse Mortgages
Top Flite Financial makes it easy for homeowners aged 62 and older to access home equity. A home equity conversion mortgage (HECM) is a government-backed loan that ends mortgage payments for good. It also provides a source of income during retirement without creating more debt.
What Mortgage Loan Options Does Top Flite Financial Provide?
Below is a closer look at the home loan options available through Top Flite.
Conventional and Fixed-rate Mortgages
Conventional mortgages adhere to the standards set by the Federal Housing Finance Agency (FHFA). They are ideal for borrowers with good to excellent credit and feature attractive rates.
Fixed-rate mortgages offer an interest rate that remains constant over the loan term of 15 or 30 years. They also give you a predictable monthly payment that’s easier to budget.
Government-backed Mortgages
Top Flite Financial offers FHA, VA and USDA loans if you need more flexibility.
FHA Loans
FHA loans are backed by the Federal Housing Administration. They make homeownership possible for borrowers with lower credit scores or minimal reserves for a down payment.
VA Loans
VA loans are exclusively for active-duty service members, veterans and qualifying spouses. Perfect credit isn’t required, and you don’t need a down payment to qualify.
USDA Loans
USDA loans are reserved for low- to moderate-income borrowers looking to purchase in designated rural areas.
Jumbo Mortgages
These loans are designed for borrowers who need a mortgage that exceeds the conforming loan limit set by Fannie Mae and Freddie Mac. Top Flite Financial caps jumbo loans at $3.5 million.
Renovation Loans
Top Flite Financial also offers renovation loans to help fund home improvements. The FHA 203(k) loans, or Rehab Loans, are government-insured and allow you to bundle the home purchase and renovation costs into a single mortgage.
Non-QM
Non-Qualified Mortgage Programs are for borrowers who need a bit more flexibility. You can use these loans for a luxury home or to get approved using nontraditional forms of income. Foreign nationals are also a good fit for non-QM loans.
Pros and Cons of Top Flite Financial
Pros
- Mortgage solutions for various consumers
- Flexible credit guidelines for select mortgages
- Loan options for manufactured and modular homes
- First-time homebuyer program
- Innovative mobile app
Cons
- Mortgage rates not published online
- Not licensed in all 50 states
What Makes Top Flite Financial Different?
Top Flite stands out amongst the competition for several reasons.
Lower Credit Score Requirements
A lower credit score doesn’t mean you’re entirely out of luck. The team at Top Flite Financial looks beyond your credit score to help you find a mortgage product that works for you.
First-Time Homebuyers Program
It can be challenging to navigate the loan process as a first-time homebuyer. However, Top Flite Mortgage provides personalized support from start to finish. So, you won’t have to go it alone.
Manufactured Homes
Loan options are also available for manufactured and modular homes. You could be eligible for financing if you own the land where you plan to place the house. The home you’re considering must also be built on a permanent foundation after June 15, 1976.
Options for Self-Employed Buyers
Self-employed borrowers sometimes need extra help to secure home loans. Top Flite Financial features a bank statement loan program to help you get approved minus the hassle.
Hole N1 Mortgage App
Top Flite Financial offers a mobile app as part of its commitment to a seamless digital mortgage experience. You can use it to get pre-qualified, check your loan application status and securely upload documents from your mobile device. Loan calculators are also readily available, and you can sign up for real-time alerts directly from the online dashboard. The Hole N1 Mortgage App is available for download on the AppStore and Google Play.
How Does Top Flite Financial Compare to Other Mortgage Lenders?
Top Flite Financial offers many of the same home loans you’ll find with other mortgage lenders. However, it stands out for many reasons, starting with its commitment to help underserved borrowers meet their homeownership goals. Plus, there are tailored solutions for borrowers with unique circumstances, like self-employed individuals or those with subpar credit histories.
Is Top Flite Financial Right for You?
There’s no shortage of mortgage lenders to choose from. That said, Top Flite Financial could be right for borrowers with past credit challenges who want to purchase a home or refinance their current mortgage. Even if other lenders say no, you may get a yes with Top Flite. Plus, you’ll receive personalized support and can monitor the progress of your loan application every step of the way with the innovative mobile app.
How to Get Started with Top Flite Financial
You can begin the mortgage application process by submitting an online inquiry. The mobile app is also available if you prefer to get started while on the go.
FAQs About Top Flite Financial
Yes, Top Flite Financial is a legitimate company. It is a recognized mortgage broker accredited by the Better Business Bureau (BBB) since January 9, 2004.
The current owners are company founders Timothy and Tracie Baise.
The minimum requirement varies by loan product, but options are available for borrowers with credit scores as low as 500.
