Investment property loans in Michigan
Investment property financing built for Michigan real estate investors.
Whether you’re buying your next rental, refinancing an existing property, pulling out equity, or growing a portfolio, Andes Mortgage can help you get the right financing for your Michigan rental.
Explore business-purpose loan options for non-owner-occupied investment properties across Michigan.
- Business-purpose lending only
- Investor loans in ~46 states
- NMLS #2187991
Investment loan options built for Michigan real estate investors
Whether you’re an out-of-state investor buying cash-flowing Detroit and Flint rentals, running a BRRRR strategy, or scaling a portfolio in Grand Rapids and Lansing — these are business-purpose loans for non-owner-occupied property, underwritten on the deal, not your paystubs or personal debt-to-income ratio.
Business-purpose products we originate in Michigan
Every program below is business-purpose financing for non-owner-occupied property.
Follow your situation into the details — terms, down payment, and the documents each one needs. For anything DSCR-specific in Michigan, start with the dedicated Michigan DSCR page.
Finance a Michigan rental on the property’s income. Our highest-demand investor program.
Pull equity from a rental to fund your next deal.
Our national DSCR loan page covers the full program in depth. Andes does not offer owner-occupied or consumer mortgages in Michigan.
What Michigan rents and prices are doing
Michigan is a growth state and cash flows here can yield more than elsewhere in the country thanks to affordable prices and strong rents. Here is where the Michigan housing market stands.
Michigan housing market
Realtor.com listing data · as of August 2026
Figures are Realtor.com listing data (what sellers are asking) — not sale prices. Source: Realtor.com via FRED (Federal Reserve Bank of St. Louis). Updates monthly.
Metro figures are Realtor.com median listing prices (not sale prices), published via FRED and current as of June 2026.
Cheap houses that actually cash-flow — A reality of the Michigan rental market
Michigan is one of the strongest pure cash-flow markets in the country.
You’ll have low entry prices in Detroit, Flint, and Lansing where rental income exceeds the property’s PITI. That’s the out-of-state investor draw.
The catch most people miss is the tax bill — Michigan property taxes reset when you buy (the Proposal A “uncapping” pop-up) and investment properties pay a higher non-homestead rate.
Michigan rental market · single-family
Data through Jul 2026
| Metro | Typical asking rent | YoY change | Data through |
|---|---|---|---|
| Detroit | $1,699 | +3.7% | Jul 2026 |
| Grand Rapids | $2,192 | +4.7% | Jul 2026 |
| Lansing | $1,707 | +3.3% | Jul 2026 |
| Ann Arbor | $2,613 | +3.8% | Jul 2026 |
Data through Jul 2026 · updated monthly · source: Zillow (ZORI)
Financing Built Around the Deal — Not Just the Borrower
We work with our Michigan investors in multiple ways, not just one.
Some deals are about cash flow. Others are about pulling equity out, buying in an LLC, financing a short-term rental, or finding a structure that still works when the numbers are tight.
At Andes Mortgage, we help Michigan real estate investors look at the property, the strategy, and the financing together.
Instead of trying to force every deal into one loan program, we compare the available business-purpose options and help you understand which structure makes the most sense for what you’re trying to accomplish.
Start With the Property
Tell us what you're buying — or what you already own. Share the purchase price, expected rent, current mortgage, equity position, or whatever you know about the deal. We can start there and help you figure out which financing options are worth exploring.
Compare investor loan options
Depending on the deal, that could mean a DSCR loan, cash-out refinance, investor HELOC, short-term rental financing, or another business-purpose structure. We'll help you compare the options instead of making you guess which program fits.
Think Beyond This One Closing
Whether you're buying your first Michigan rental or adding another property to an existing portfolio, we look at how the financing fits into the bigger picture — including your equity, cash flow, and plans for the next deal.
Have a Michigan Investment Property in Mind?
Answer a few quick questions about the property and what you’re trying to do. We’ll help point you toward the business-purpose financing options that may fit.
- Business-purpose lending in Michigan
Andes Mortgage originates business-purpose investment property loans in Michigan, including DSCR and other financing for non-owner-occupied rental properties. We do not offer owner-occupied or consumer-purpose mortgages in Michigan. This is not a commitment to lend. Terms subject to change. NMLS #2187991.
Michigan investor loan questions
Can I finance an investment property in Michigan through Andes?
Yes. Andes originates business-purpose investment property loans on non-owner-occupied Michigan real estate — including DSCR loans, cash-out refinances, investor HELOCs, and short-term rental financing. These loans qualify on the property’s rental income, so there are no tax returns and no personal debt-to-income calculation.
Does Andes offer owner-occupied or consumer mortgages in Michigan?
No. In Michigan, Andes offers business-purpose investment loans only — financing for rental and other non-owner-occupied property. We do not originate owner-occupied, primary-residence, or other consumer-purpose mortgages in Michigan.
What is a business-purpose (investor) loan?
A business-purpose loan finances property held to generate income or profit — a rental, a BRRRR project, a short-term rental — rather than a home you live in. Because the loan is underwritten on the property’s cash flow and business use, it follows different rules than a consumer mortgage, and the property is typically non-owner-occupied.
Can I buy a Michigan rental property through an LLC?
Absolutely. You can title your property to an LLC using our DSCR loans in Michigan. For more information on having a business own the property, visit our DSCR LLC page.
Which Michigan markets are best for real estate investing?
Detroit and Flint for the deepest cash flow, Grand Rapids and Lansing for a balance of yield and stability. The DSCR page breaks each down.
Finance your next Michigan rental
Answer a few quick questions and we’ll point you to the business-purpose program that fits your deal and what you’d need to qualify — no credit pull, no obligation.
Andes Mortgage LLC · NMLS #2187991 · Equal Housing Lender. In Michigan, Andes originates business-purpose investment property loans only (non-owner-occupied), and does not offer owner-occupied or consumer-purpose mortgages. Market figures are Realtor.com listing data (not sale prices), published via FRED (Federal Reserve Bank of St. Louis) and updated monthly. This page is informational and is not a commitment to lend; program terms and eligibility vary by lender and are subject to change.