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  • New Guaranteed Rate Ann Arbor, Mich., Location Specializes in Islamic Finance Alternatives

    Guaranteed Rate, one of the ten largest retail mortgage lenders in the nation, announced that it has opened a new location in Ann Arbor, Mich., specializing in Islamic home finance alternatives.

    The financing alternatives aim to provide Sharia-compliant financial transactions for consumers who abide by religious or ethical prohibitions relating to the payment of interest on loans, including those related to home buying and replacement of existing mortgages. Commonly, the process uses a single-asset trust as part of a lease-to-own program for the homeowner.

    The branch manager at the new location is Shoeb M. Sharieff. He has spent his career providing home buying opportunities for a population traditionally underserved by the mainstream mortgage market. With two decades of experience in the real estate and housing industry, Sharieff also spent ten years serving as president of A&S Development Services, Inc. He attended the University of Michigan.

    The new branch is located at 278 Collingwood, Suite 1, Ann Arbor. For more information, please visit or call 734-368-9269.

    Guaranteed Rate has grown from their inception in 2000 to become one of the ten largest retail mortgage companies in the U.S., funding $12.4 billion in loans in 2014 alone. The company has been able to expand successfully to other key markets through a business model that allows top originators to join the company and close more loans faster through Guaranteed Rate’s commitment to technology, pricing, process and support. The company now has more top loan originators in the annual national rankings from mortgage industry publications Mortgage Executive, Scotsman Guide and Origination News than any other bank or mortgage company. 

    Mar 24 2015