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CORPORATE OFFICE

Level One Bank

32991 Hamilton Ct.
Farmington Hills, MI 48334
Phone: 248-737-0300

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MORTGAGE LOAN PRODUCTION OFFICE

Level One Bank

2750 South State Street
Ann Arbor, MI 48104
Phone: 734-794-5225

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BANKING CENTERS

BIRMINGHAM

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1732 West Maple Road
Birmingham, MI 48009
Phone: 248-723-4800

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BLOOMFIELD TOWNSHIP

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37100 Woodward Avenue
Bloomfield Township, MI 48304
Phone: 248-530-7401

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DETROIT

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1420 Washington Boulevard
Detroit, MI 48226
Phone: 313-309-9980

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FARMINGTON HILLS

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30095 Northwestern Highway
Farmington Hills, MI 48334
Phone: 248-865-1300

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FARMINGTON HILLS

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31000 Northwestern Highway
Farmington Hills, MI 48334
Phone: 248-538-7600

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FARMINGTON HILLS

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30201 Orchard Lake Road
Farmington Hills, MI 48334
Phone: 248-737-1110

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FERNDALE

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22635 Woodward Avenue
Ferndale, MI 48220
Phone: 248-414-6500

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Grand Rapids

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2355 Burton St. SE
Grand Rapids, MI 49506
Phone: 616-827-4400

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NORTHVILLE

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20550 Haggerty Road
Northville, MI 48167
Phone: 248-380-6590

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NOVI

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44350 W. 12 Mile Road
Novi, MI 48377
Phone: 248-735-1000

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STERLING HEIGHTS

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43683 Schoenherr Road
Sterling Heights, MI 48313
Phone: 586-412-1800

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Online Services

USDA Streamline Assist Refinance Program

In 2016, the USDA (United States Department of Agriculture) made a series of changes that make it easier and cheaper for homeowners to refinance their USDA mortgages into a lower interest rate. Through the USDA Streamline Assist Refinance Program, homeowners current on their mortgages for the past 12 months will no longer be required to secure an appraisal or undergo a debt-to-income calculation when they refinance for a 30-year term. These changes save homeowners time and money.

"I am pleased that we continue to provide affordable housing to support thriving economies in rural communities. Helping homeowners refinance their homes to reduce their monthly payments and take advantage of low interest rates will bring increased capital to rural residents and the communities where they live and work." - USDA Rural Housing Service Administrator Tony Hernandez

To date, over 9,500 homeowners have refinanced their USDA mortgages through this program. Some borrowers saved as much as $600 a month. The average savings is around $150 per month. Read a press release about these changes at www.USDA.gov.

If you are currently in a USDA loan and would like to lower your interest rate by refinancing, the USDA has made it easy for you. Since you already qualified for a USDA loan previously, it’s a very simple process to determine if you qualify for this popular program.

Program Benefits

  • NO appraisal required
  • Closing costs may be financed into the new loan 
  • Existing loans can be refinanced even if the property is no longer in a designated rural area
  • Streamlined documentation and processing

Eligibility Requirements

  • Must currently have a loan guaranteed through the USDA
  • Must have no late payments in the last 12 months
  • The new term of the refinance must be a 30-year fixed

How Much Can I Save?

The best way to find out if refinancing makes sense is to contact our USDA mortgage expert for a no-obligation consultation. We can determine if you are eligible and how much you could save. Eventhough rates have been on the rise, they are still at historical lows and still offer great savings opportunities. Contact us today to get started!

Apply Now!

Rates are still at historical lows. Program funds available from the USDA are limited and on a first-come first-serve basis. Now is the time to take advantage. Don't wait! Apply online today or call 248-763-0146 to speak with our USDA expert, David Niehaus.


Cash-out Refinance Opportunities

Level One Bank offers additional refinance programs including cash-out refinance opportunities. With a cash-out refinance, you’ll refinance for more than the amount you owe and take the difference in cash to use for other purposes such as home renovations or paying for college tuition. The interest rates on cash-out refinancing are often lower than rates for a home equity loan. With some programs, you could refinance up to 85% of your home’s value!

Not sure if a cash-out refinance makes sense for you? Contact me for a free, no-obligation analysis.


Program is subject to funding availability through the USDA. All loans are subject to credit approval. Some additional restrictions may apply. 

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