Halal Mortgages & Home Financing in Michigan

Guidance Residential

Home Financing (Purchase & Refinance)

A

Halal home financing for purchases and refinancing. Guidance is the largest halal refinancer in the U.S. with over $2 billion refinanced in the last 5 years.

UIF

Home Financing

A

Financing used to buy a home or replace an existing home loan.

UIF

Renovation Financing

A

Combines your home purchase and renovation costs into one Shariah-compliant contract — buy a fixer-upper and finance the improvements together, with up to 5 draws as work is completed.

Devon Bank

Home Financing

B

Financing used to buy a home or replace an existing home loan.

IjaraCDC

Home Financing

Sharia-compliant home financing using a trust-based lease-to-purchase (Ijara) structure. Property is placed in a grantor trust with the buyer as trustee and beneficiary. 100+ residential funding partners. Owner-occupied from ~3.5% down ($50K–$2M, up to 30 years). Investment properties from ~20–25% down. No/low credit programs available.

IjaraCDC

Real Estate Investor Financing

Financing for residential-zoned rental properties and investor portfolios (1–4 units per property). ~20–25% down, up to 10 properties per investor, portfolio financing possible. Trust-based Ijara (lease-to-purchase) structure through 100+ residential funding partners.

IjaraCDC

Physician Home Financing

Medical professional program (MD, DO, DDS, DVM, DMD) with up to $2M financing, 0% down, no PMI, and a 680 credit floor. Dedicated bank program in IL, IN, KY, MI, OH, PA, WV, WI: new physicians get 100% financing up to $500K (up to $1M with 5% down); established physicians 100% LTV up to $650K, up to $1.15M with 5% down, up to $1.5M with 10% down; refinance to 100% LTV up to $650K.

IjaraCDC

Bank Statement Home Financing

Self-employed program qualifying on bank-statement cash flow instead of tax returns. Up to $3M purchase with 10% down (740 score) and a 660 credit floor; combine multiple businesses; no NSF limit. Primary, second, and investment homes; requires 2+ years self-employment.

IjaraCDC

Investor Cash Flow (DSCR) Financing

Investor cash-flow program qualifying on the property's rental analysis — no personal income needed. 20% down with a 660 credit floor; 1–8 unit investment properties (mixed-use possible).

IjaraCDC

DSCR 1.00–1.19 Financing

DSCR tier weighing rental income against personal income (ratio 1.00–1.19). Up to $2M with a 680 credit floor; vacation/Airbnb rentals allowed; 100% gift funds accepted; open to first-time buyers and investors.

IjaraCDC

ITIN Home Financing

No-doc program for buyers with an ITIN instead of an SSN — no credit check, no W-2s or bank statements required. Up to $3M for single-family, 2–4 units, PUDs, and condos; 100% gift funds accepted.

IjaraCDC

1099 Income Financing

Qualify on 1099 income. Up to $2.5M with a 660 credit floor; 10% operating-expense ratio; year-to-date income must be within 10% of the 1099.

IjaraCDC

Riba-to-Ijara Conversion Program

Converts an existing interest-based mortgage into a Sharia-compliant Ijara (rent-on-property) structure — not a refinance. No credit check, appraisal, or income documents; completes in 10–14 business days, usually before your next payment. Economics unchanged plus a low monthly admin fee; the home is placed in a trust and the bank remains the investor.

IjaraCDC

Foreign National Financing

Financing for non-US residents investing in US real estate — passport only, no visa or US credit required. Up to $3M; 35% down with 12 months reserves per the core investor program; VOE or accountant letter accepted; no housing history required. 1–4 unit investment properties.

IjaraCDC

Halal Fix & Flip Financing

Short-term rehab financing (halal private-lending style) funded in as little as 14 days with no prepayment penalties — the property is the collateral. Requires a rehab budget, track record, bank statements, purchase agreement, title insurance, and corporate documents; IjaraCDC recommends a 15% budget cushion.

IjaraCDC

Lite Doc Financing

Streamlined documentation for self-employed buyers and irregular income — no W-2s or bank statements required.

IjaraCDC

Multi-Family 5–8 Unit Financing

Residential multi-family financing for 5–8 unit properties. Up to $2.5M with 20% down and a 660 credit floor; 10% operating-expense ratio; no property-management history required.

IjaraCDC

FHA Home Financing

FHA program with Sharia-compliant Ijara structuring. 3.5% down with credit scores as low as 520. Primary residence only (1–4 units, condo, townhouse, PUD, manufactured); 2 years employment history. Max amount varies by county.

IjaraCDC

Reverse Mortgage Alternative

Sharia-structured equivalent of a reverse mortgage — older homeowners convert home equity to cash with no repayment until they move or sell.

IjaraCDC

Down Payment Assistance Programs

Multi-state down-payment assistance paired with Ijara financing: Chenoa Fund (3.5% or 5%, FICO 600, no income limits) and FHLB Dallas HELP grants, plus 13 state programs (AR, AZ, CO, CT, FL, GA, ID, IL, IN, MA, MI, TN, TX, WA) with grants and deferred/forgivable loans up to $150K (WA Covenant). DPA permitted where at least 3% of the initial payment on account is presented.

IjaraCDC

P&L Statement Financing

Qualify on business net income via a P&L statement — no bank statements or tax returns. Up to $2.5M with a 660 credit floor; documents prepared by a CPA or authorized agent.

IjaraCDC

No-Ratio Financing

Bypass DTI entirely — no debt-to-income calculation. Up to $2M (max cash-out $500K) with a 700 credit floor; up to 4 properties; 100% gift funds accepted.

IjaraCDC

DSCR 1.20+ Financing

DSCR tier where rental income is the main qualifying factor (ratio 1.20+). Up to $1.5M with a 720 credit floor; vacation/Airbnb rentals allowed; 100% gift funds accepted; open to first-time buyers and investors.

IjaraCDC

DSCR 0.80–0.99 Financing

DSCR tier for properties whose rental income covers most of the payment (ratio 0.80–0.99). Up to $2M with a 700 credit floor; vacation/Airbnb rentals allowed; 100% gift funds accepted for down payment and closing; open to first-time buyers and investors.

IjaraCDC

USDA 100% Home Financing

USDA 100% financing in USDA-designated rural areas with Sharia-compliant Ijara structuring. 0% down with a 600 credit floor. Primary residence only; income limits apply; no acreage limits.

IjaraCDC

Jumbo Home Financing

Jumbo financing for higher-priced homes above the $806,500 conforming limit, up to $4M, with Sharia-compliant Ijara structuring. 10% minimum down and a 680 credit floor. Single-family, condo, and PUD; primary, second, or investment homes.

IjaraCDC

Renovation Financing

Renovation financing offered through licensed lender partners in two flavors: FHA 203(k) and HomeStyle Renovation, structured for Sharia compliance.

IjaraCDC

VA Home Financing

VA program with Sharia-compliant Ijara structuring for military members and veterans. 0% down with a 620 credit floor. Primary residence only (1–4 units, condo, townhouse, PUD, manufactured).

IjaraCDC

Conventional Home Financing

Traditional home acquisition with Sharia-compliant Ijara structuring. As little as 3% down with a 620 credit floor; financing up to $2M (conforming limit $806,500, 5% down above 3% tier per their down-payment page). 1–4 unit homes, condos, townhouses, PUDs, and manufactured homes for primary, vacation, or investment use — up to 10 properties (unlimited via portfolio product).

IjaraCDC

Asset Qualification Financing

Qualify via liquid assets rather than income. Up to $3M with a 660 credit floor and up to 85% LTV; 100% gift funds accepted.

IjaraCDC

Stated-Income Investment Property Financing

Portfolio-investor program: qualify on liquid assets (ATR-in-full) or asset depletion, with no income documentation up to 75% LTV on non-owner/second homes. Cash-out possible 1 day off MLS; unlimited gift funds; seller carry possible; non-warrantable condos and foreign nationals OK; no prepayment penalty; can finance investors owning 20+ properties. Available in 24 states.

IjaraCDC

Investment Property Financing

Standard investment-property program for 1–4 unit rentals. 15–25% down with a 620 credit floor; no property-management history required; 6–12 months reserves for investment purchases.

IjaraCDC

Mixed-Use Property Financing

Financing for mixed-use properties with 1 commercial unit plus up to 4 residential units. No property-management history required.