Make your offer credible before you make it.
Buying a home is a significant financial decision. Sonic Loans provides guidance on application steps, documentation, program requirements, rates, fees, and terms.
Purchase Loan Options
FHA Loans
FHA loans are backed by the Federal Housing Administration and are ideal for first-time homebuyers or those with less-than-perfect credit. Benefits include down payments as low as 3.5% and flexible credit requirements.
VA Loans
If you're a veteran, active-duty service member, or eligible surviving spouse, you may qualify for a VA loan with zero down payment and no private mortgage insurance required.
Conventional Loans
Conventional-loan rates, down payments, costs, and eligibility depend on the program and complete application.
Get Pre-Approved Today
A mortgage pre-approval gives you a clear picture of what you can afford and shows sellers you're a serious buyer. Contact Sonic Loans at (313) 488-4888 to start your pre-approval process.
Decision help
Choose the right starting point for a purchase
A pre-approval is a planning tool, not a guaranteed loan approval. Start by matching the program and payment range to your verified income, funds, property, and timing.
Do you know your cash-to-close range?
Compare down payment, closing costs, prepaid items, reserves, and assistance assumptions—not only the down-payment percentage.
Which program fits the property and borrower?
Ask for side-by-side FHA, conventional, VA, USDA, or other eligible options and the conditions that could change the quote.
What remains unverified?
Request a written list of income, asset, credit, property, and underwriting conditions before making an offer.
Next step: Bring your income, asset, debt, and property details to a licensed loan officer for a documented comparison.