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Pete Kavalos, (NMLS ID 322569)

Pete Kavalos

Sr Loan Advisor NMLS ID: 322569

39900 Eight Mile Road

Northville, MI 48167

If you’re thinking about purchasing or refinancing a home, I’m here to guide you through the process—from application through closing.

Purchasing a home or refinancing should be an exciting time, and my approach ensures that this happens due to my Michigan-based team’s proactive, upfront, and constant communication. We have a great rapport with the local real estate agents, appraisers, inspectors, title companies, and insurance companies. These relationships are crucial to meeting deadlines and on-time closings. Our goal is to make the process easy for you.

Let me show you how simple securing a mortgage can be. I can help you with all of your home financing needs. Get pre-qualified today by calling me at 313-530-2395. You won’t be disappointed.

I have been in the business for 15 years, and I live in Michigan with my wife Alicia and three children. I enjoy reading, traveling, attending live music concerts, and playing with my kids.

 

I have been named to Flagstar Bank's President's Club 6 years running! 

Mortgage Specialization

  • Adjustable-Rate Mortgages
  • Condominium Financing
  • Construction Loans
  • FHA Government Loans
  • First-Time Home Buyer Programs
  • Fixed-Rate Mortgages
  • Investment Property Loans
  • Jumbo Loans
  • Low-to-Moderate Income Lending Program
  • Pre-Qualifications
  • Professional Loans
  • Renovation Loans
  • Second Homes
  • USDA Rural Housing
  • VA Government Loans

Client Testimonials

Lin A.
Pete Kavalos is a fantastic agent. Awesome loan officer. He helps in ways above and beyond. I will recommend Pete to others for a home loan.
Mark R.
Pete Kavalos was awesome. Very helpful and understanding. Great contact response, never waited more than minutes before he would get back to me. Great experience with Flagstar Bank and all involved. 10 stars all the way.
Kimberly F.
Pete was always available to answer all of my questions and concerns. Pete made my entire loan process seem so easy. Pete knows his job very well; he is extremely knowledgeable, very smart guy, great at what he does. I love my new house. Thanks Pete.
Derek B.
Pete was great! Compared to previous experiences with others, everything went smooth. He answered and returned all my calls and was able to work around the clock to get the job done. I would definitely use him again!
Sean D.
I was introduced to Pete through a mutual friend. He simplified my home buying process! He made me aware of everything that was needed! Awesome guy! Thank you so much Pete!
Ibrahim A.
My name is Ibrahim, and Pete was an excellent loan officer to do business with. I did lots of shopping and contacted multiple lenders, and no one could beat his rates, and it only took me 20 days to close.
Sheila J.
I was using a different mortgage company, and they were giving me the run around, and someone referred Pete, and he was awesome. He kept in touch with me. Every time I called, he called me right back, and he made my mortgage purchase seem easy.
Michael C.
Pete was very professional and went above and beyond to help me understand the process. He almost always responded to any inquiries within a few minutes. I enjoyed working with him and will do so in the future should I have the chance.

What to Expect

We get it: Purchasing a home or refinancing your mortgage is a big deal, and having a relationship with the right lender is essential. Get started by connecting with an experienced and trusted Flagstar home loan advisor. Starting on Day 1, we'll work with you to find the type of loan that suits your needs, and guide you through the lending process to make it as smooth and stress-free as possible.

Please select your lending process

Pre-qualify & Gather Financials

Submit your financial information and we'll give you a personalized estimate for your loan.

Pre-approval

Once you're pre-approved, we'll coordinate with the escrow or title company

Loan Review

Once your offer is accepted, we'll pass along your information to our underwriters to lock your mortgage interest rate.

Loan Approval

Once our underwriters approve your loan, we'll get you ready for closing.

Close & Receive your funds

We’ll close your loan and wire your funds into escrow so you can complete your home purchase.

Loan Application

Complete a loan application online, and submit the necessary financial documents.

Appraisal

We'll conduct an appraisal of your property to determine its current value.

Underwriting Approval

Once our underwriters approve your loan, we'll get you ready for closing.

Loan Signing & Funding

We'll close your loan and wire your funds into escrow so you can access your funds.

Find the loan product that's right for you.

Are you looking to purchase a new property or refinance an existing one?

Today's Rate
Mortgage Rate APR
30-Year Fixed 6.984% 7.138% 1
15-Year Fixed 6.324% 6.570% 2
FHA 30-Year Fixed 5.771% 6.651% 3

1Rate 6.984% with an APR of 7.138% as of 6/21/2024 10:12 AM EDT. The APR calculation is based on a 30-year fixed-rate mortgage in the amount of $240,000 for the purchase of a single-family, primary residence with 80% loan-to-value (LTV) or 20% down payment, minimum borrower credit score of 740, and estimated points of 1% of the loan amount, and origination fee of $1,295 with 360 monthly payments in the amount of $1,594. Payment amount does not include taxes and insurance which means your monthly obligation will be greater. Actual payment amount will vary based upon credit history, rates in effect at the time of consummation, LTV and other credit factors. A LTV ratio above 80% may result in a need for mortgage insurance. If mortgage insurance is required, the amount of your payment will increase. The APR is subject to change at any time prior to consummation, and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, loan volume, or other factors. All borrowers are subject to qualification, underwriting approval, lender terms and conditions. Terms, conditions, and rates are subject to change without notice.

2Rate 6.324% with an APR of 6.570% as of 6/21/2024 10:12 AM EDT. The APR calculation is based on a 15-year fixed-rate mortgage in the amount of $240,000 for the purchase of a single-family, primary residence with 80% loan-to-value (LTV) or 20% down payment, minimum borrower credit score of 740, and estimated points of 1% of the loan amount and origination fee of $1,295 with 180 monthly payments in the amount of $2,068. Payment amount does not include taxes and insurance which means your monthly obligation will be greater. Actual payment amount will vary based upon credit history, rates in effect at the time of consummation, LTV and other credit factors. A LTV ratio above 80% may result in a need for mortgage insurance. If mortgage insurance is required, the amount of your payment will increase. The APR is subject to change at any time prior to consummation, and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, loan volume, or other factors. All borrowers are subject to qualification, underwriting approval, lender terms and conditions. Terms, conditions, and rates are subject to change without notice.

3Rate 5.771% with an APR of 6.651% as of 6/21/2024 10:12 AM EDT. The APR calculation is based on a 30-year fixed-rate mortgage in the amount of $240,000 for the purchase of a single-family, primary residence with 96.5% loan-to-value (LTV) or 3.5% down payment, minimum borrower credit score of 740, estimated points of 1% of the loan amount, and origination fee of $1,295 plus 1.75% FHA funding fee with 360 payments in the amount of $1,428. Payment amount does not include taxes and insurance, which means your monthly obligation will be greater. Actual payment amount will vary based upon credit history, rates in effect at the time of consummation, LTV, mortgage insurance premiums, and other credit factors. Program terms available may vary based on the state and county in which the financed property is located. The APR is subject to change at any time prior to consummation, and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, loan volume, or other factors. All borrowers are subject to qualification, underwriting approval, and lender terms and conditions. Terms, conditions, and rates are subject to change without notice.

Find the loan product that's right for you.
Spend a few moments to get a better idea of your bottom line. Are you looking to purchase a new property or refinance an existing one?

Request a contact

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Pete Kavalos

Sr Loan Advisor NMLS ID: 322569

39900 Eight Mile Road

Northville, MI 48167

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Let's do the math (the easy way).

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