Commercial
Mixed Use Loans in Detroit, MI
Detroit is a city of 0.64 million people, and Custom Mortgage arranges Mixed Use Loans loans there and elsewhere in Wayne County, including Midtown and Corktown. Detroit is priced well under the rest of Wayne County, with a median home value of $83,900 against $178,500 countywide (Census ACS 2020-2024 5-year). Wayne County's 2026 conforming limit, $832,750, is 9.9 times that median, so loan size seldom binds.
The Detroit median household income, $39,938, is 34% under the county's. Ownership is close to an even split, at 50% of occupied homes (65% countywide). Half the housing was built before 1948, so appraisals and inspections often turn on the condition of older systems. Renters in Detroit pay a median $1,074 a month in gross rent.
Mixed Use Loans Highlights
- Diversify your income streams by combining residential and commercial rentals.
- Finance properties that offer both living and working spaces, maximizing utility.
- Competitive rates help improve your investment's profitability.
National Rate Index (Freddie Mac PMMS)
30-Year Fixed Rate
7.18%
as of 11/5/2026 · Freddie Mac PMMS · live · 2026-11-05
15-Year Fixed Rate
6.57%
as of 11/5/2026 · Freddie Mac PMMS · live · 2026-11-05
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Market-data snapshots: FHFA 2026 (live); HUD FYunavailable (bundled); Census ACS 2024 (bundled).
Wayne County at a glance
- Detroit median home value
- $83,900
- Source: Census ACS 5-year, Detroit city, Michigan, 2020-2024
- Detroit median household income
- $39,938
- Source: Census ACS 5-year, Detroit city, Michigan, 2020-2024
- Detroit owner-occupied homes
- 50%
- Source: Census ACS 5-year, Detroit city, Michigan, 2020-2024
- Detroit median year built
- 1947
- Source: Census ACS 5-year, Detroit city, Michigan, 2020-2024
- Conforming loan limit (1 unit)
- $832,750
- Source: FHFA, 2026
- Conforming loan limit (4 units)
- $1,601,750
- Source: FHFA, 2026
- Median owner-occupied home value
- $178,500
- Source: Census ACS 5-year, 2024
- Median household income
- $60,539
- Source: Census ACS 5-year, 2024
- Owner-occupied homes
- 65%
- Source: Census ACS 5-year, 2024
- Home value to income ratio
- 2.9
- Source: Census ACS 5-year (computed), 2024
2026 Conforming Loan Limits: WAYNE
1-Unit (SFR)
$832,750
2-Unit (Duplex)
$1,066,250
3-Unit (Triplex)
$1,288,800
4-Unit (Fourplex)
$1,601,750
Source: FHFA 2026 Conforming Loan Limits. Loans above these limits require jumbo financing.
Mixed Use Loans in Detroit, MI
Detroit mortgage lending. FHA and first-time homebuyer programs for Wayne County.Custom Mortgage & Real Estate specializes in providing high-fidelity Mixed Use Loans solutions tailored to the unique economic landscape of Detroit and the surrounding Wayne County.
Our FinTech-driven approach allows us to offer competitive rates and streamlined processing for homeowners and investors across the entireDetroit metropolitan area.
Service Areas & Neighborhoods
Our Detroit Presence
Local Knowledge. Global Rates.
16501 Ventura Blvd STE 400
Encino, CA 91436
Direct Line
877-976-5669Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Get Matched in 60 Seconds
Our AI Instant Advisor analyzes your situation — credit, loan amount, property type — and matches you to the right program. No credit pull. No obligation.
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Quote Wizard
AI-Powered Rate Intelligence
Step 1: Loan Foundation
Mortgage Estimator
Freddie Mac 30-yr average, week of Apr 19, 2026. Not a quote.
Principal & Interest Only
Common Questions About Mixed Use Loans in Detroit
Yes, by $748,850: $83,900 median versus a $832,750 one-unit limit.
At least $20,975 before closing costs (75% maximum LTV on $83,900). Close to 6 months of gross pay at the $39,938 local median.
2.1 times the $39,938 median household income, easier than the county's 2.9. That fits common debt-to-income limits.
See all Mixed Use Loans questions and program details
Mixed Use Loans by Location
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View county-level market data, loan limits, and mortgage rates on our territory pages.
Browse All Territories →Reviewed by Eve Sanchez, Chief Compliance Officer · Updated 2026-11-04 · Custom Mortgage Inc., NMLS #1556995
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
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