Skip to content
UNITEDLENDING

Investment property loans · Wayne County, MI

Hard money, fix and flip and DSCR loans in Dearborn, MI

Dearborn is home to Ford Motor Company's world headquarters, and its streets of brick bungalows and colonials give investors older houses to renovate, resell or rent. Every sale needs a city pre-sale inspection and a Certificate of Occupancy before closing, so flippers and landlords alike plan repairs around the inspector's list. Warren Avenue in east Dearborn is the commercial center of the city's Arab American community.

Get my termsCompare loans
  • No credit pull to start
  • About a minute
  • A loan officer calls you

Where investors buy

Neighborhoods investors look at in Dearborn

Dearborn neighborhoods are largely brick, with bungalows, colonials and Colonial Revival houses on tree-lined streets, company-built homes from 1919 and 1920 in the Ford Homes Historic District, and postwar bungalows in the southwest part of the city.
East DearbornTakes in Warren Avenue, the commercial center of the city's Arab American community, with brick colonials and bungalows on the side streets.
West DearbornArea around west Dearborn's downtown with established all-brick colonial neighborhoods such as the Cherry Hill area.
Ford Homes Historic DistrictAbout 250 houses built in 1919 and 1920 for workers at Ford's nearby tractor plant, in a handful of standard designs; check historic district rules before exterior changes.
Springwells ParkPlanned neighborhood established in 1939 to give Ford executives and auto workers upscale housing.
South EndSmall neighborhood beside the Ford Rouge complex where homes, industry, groceries and restaurants sit within a few blocks; much of the land is industrial or vacant, so sales comparisons are thin.

Loan programs

Loans for Dearborn real estate investors

Pick the loan that fits the deal: short-term money to buy, renovate or build, or a long-term loan to hold the property. Published limits are subject to appraisal and underwriting.
Long-term

DSCR rental loans in Dearborn

30-year loans for Dearborn rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.

Purchase LTV up to85%
Term30 years
Income docsNot required
Loans from$75K

Subject to appraisal and underwriting.

DSCR loans: terms and requirements
Short-term

Fix and flip loans in Dearborn

Buy and renovate in Dearborn with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.

Purchase price up to95%
Rehab funded up to100%
Term12–18 months
Prepayment penaltyNone

Subject to appraisal and underwriting.

Fix and flip loans: terms and requirements
Short-term

Bridge loans in Dearborn

Close quickly on a Dearborn property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.

Leverage up to95% LTC
Term12–18 months
PaymentsInterest only
Prepayment penaltyNone

Subject to appraisal and underwriting.

Bridge loans: terms and requirements
Short-term

Ground-up construction loans in Dearborn

Financing for new builds in Dearborn, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.

Quoted on your deal.

Construction loans: get a quote
Long-term

Multifamily and commercial loans in Dearborn

Financing for Dearborn apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.

Quoted on your deal.

Multifamily and commercial: get a quote

Good to know

Before you buy in Dearborn

Local rules and costs that change a deal's numbers or closing date in Dearborn and Wayne County. Sources are listed at the bottom of the page.
  • Order the pre-sale inspection early: Dearborn requires a city inspection and a Certificate of Occupancy before closing, issued in the buyer's name, and every cited violation must be corrected and re-inspected.
  • Register any non-owner-occupied house as a rental; the city inspects rentals on a three-year cycle tied to the Certificate of Occupancy's expiration date.
  • Budget for the taxable value to uncap the year after purchase, and for the loss of the seller's Principal Residence Exemption (up to 18 mills of school operating tax) once the house is rented.
  • Plan for transfer tax at closing: Wayne County computes it as $0.55 county tax plus $3.75 state tax per $500 of value.

Get your terms

Have a Dearborn property in mind?

Contact details first, then single-tap answers on the property, the amount and when you need to close. A loan officer phones you back with terms.
  • About a minute to fill in
  • No credit pull to start
  • A loan officer calls you back
  • Investment property only

Rather talk now? (718) 704-0499

Step 1 · About a minute in allNo credit pull

Your contact details

By pressing “Get my terms”, I agree that United Lending may contact me about this inquiry, and I accept the Terms of Use and Privacy Policy.

United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.

Questions

Loans in Dearborn: common questions

Do you offer hard money loans in Dearborn?

Yes. United Lending LLC offers private real estate financing for investors in Dearborn and the rest of Wayne County: fix and flip and bridge loans sized on the deal, and DSCR rental loans sized on the rent. We're headquartered in Brooklyn, New York, and lend nationwide.

Do you offer DSCR loans in Dearborn?

Yes. Our DSCR loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, qualified on the property's rent against its monthly payment with no personal income verification, up to 85% loan-to-value on a purchase and loans from $75,000. Investors use them for rentals in East Dearborn, West Dearborn and Ford Homes Historic District, among other parts of Dearborn.

How much can I borrow for a Dearborn flip?

Up to 95% of the purchase price and up to 100% of the rehab budget, on a 12–18 months interest-only loan. Those are maximums, subject to appraisal and underwriting: the property, your experience and the comps set what your loan gets.

Is there a prepayment penalty on a loan in Dearborn?

There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.

Do I need to live in Dearborn or have a Michigan LLC?

No. You can borrow in your own name or through an LLC, wherever you live; many of our borrowers invest outside their home state. If your LLC was formed outside Michigan, your loan officer will tell you what's needed before closing.

Michigan

More places we lend in Michigan

Sources (8)Checked November 6, 2026

United Lending's loan terms are its published program limits. The local rules and costs on this page come from the public sources below, checked on the date shown; confirm them with the city, county or your closing attorney before you rely on them.

  1. City of Dearborn: Selling or Buying a Home
  2. City of Dearborn: Rental Property Information
  3. Wayne County Register of Deeds: Document Recording (transfer tax)
  4. City of Detroit Assessor: Residential property FAQ (uncapping under Michigan law)
  5. City of Grand Rapids Assessor: Principal Residence Exemption (Michigan rules)
  6. The Henry Ford: Ford Homes Historic District research guide
  7. Wikipedia: Dearborn, Michigan
  8. Homes.com: Dearborn neighborhoods