ROSS MORTGAGE NAMED TOP 203(k) MORTGAGE LENDER IN MICHIGAN

ROYAL OAK, Mich., May, 26, 2011 – Ross Mortgage Corporation has been named the top 203(k) mortgage lender in the state of Michigan and No. 10 in the country by the Federal Housing Administration. Tim Ross, president of Ross Mortgage Corporation, made the announcement.

A 203(k) loan allows new homebuyers to finance their home purchase and home improvements and repairs under a single mortgage loan. This helps homebuyers avoid the higher interest rates and time-consuming paperwork involved with supplemental loan.

Recognizing that there are a large number of homes on the market that are affordable but in a state of disrepair. The 203(k) loan has become an increasingly popular loan product because it can make the difference for homebuyers who don’t have the cash available to renovate.

We are proud to be recognized as Michigan’s leading 203(k) mortgage lender and look forward to continuing to make the product available for our valued customers.

- Tim Ross, President
  Ross Mortgage Corporation

In addition to 203(k) loans, Ross Mortgage offers a variety of other mortgage products, including fixed, adjustable rate and reverse mortgages, home equity loans, construction loans and mortgage refinancing.

Ross Mortgage Corporation is a successful mortgage banking company with a reputation for professionalism, integrity and quality service. Ross Mortgage Corporation provides mortgage banking services to its customers from its Royal Oak, Michigan headquarters and through branch locations in Michigan, Ohio, Kentucky, and Florida.