Mortgage Companies in Michigan – As most Michigan residents know, buying a home is one of the most significant purchases you will ever make. The process of buying a home and qualifying for a mortgage can seem foreign, chaotic, and periodically frustrating. Having an experienced mortgage lending team is the first crucial step in securing the appropriate financing for acquiring your dream home.
Giving you the financial education, the right encouragement, and unambiguous responses you require should be both the prerogative and commitment of the best mortgage lenders and mortgage brokers. Empowering the customer with the right tools to become an informed homebuyer must be the foundational stepping stone for every mortgage company.
To make sure that home buyers are getting the best possible service, it is important to research various Michigan mortgage companies. This post provides some useful facts about Michigan mortgage companies that homebuyers should keep in mind during their search.
Key Facts About Michigan
Michigan has a moderate climate and experiences all four seasons. It has an average high of 82 degrees Fahrenheit in July and an average low of 30 degrees Fahrenheit in January. Winter snowfall is greatest in the far north and in the southern Lower Peninsula. Violent thunderstorms are common.
In terms of population and area, Michigan ranks as the tenth most populated state in the country. According to U.S. Census Bureau, the state’s population was over 10 million as of July 1, 2021. Over 74 percent of Michigan inhabitants own their homes. According to stacker.com total housing units in Michigan are 3,969,880 with new building permits for only 19,735 units.
As per Zillow’s May 2022 data, the median home price in Michigan is $251,700. In Michigan, home values increased by 10.8 percent year-over-year from May 2021. Going forward, home prices are expected to increase by another 10.6 percent.
With these statistics in mind, let’s look at our pick of top five lenders if you are seeking the finest home purchase or refinance a mortgage loan in Michigan.
List of Mortgage Companies in Michigan
Real estate is one of the most stable investments you can make. Let’s go through the list of the most promising mortgage companies in Michigan. These lenders offer a variety of programs to help make homeownership more affordable. They also have experienced loan officers who can guide you through the process and answer any questions you may have and deliver you the best mortgage experience.
1 Reliance Financial
For more than 18 years, Reliance Financial has encouraged homeownership. Our mission is to give every borrower the greatest mortgage and financing experience possible by being affable, effective, and honest. We are led by Lucky Sandhu (President) and Scott Wise (Sales Director & Sr. Mortgage Advisor). Our employees and partners have gone above and beyond all through the years to convert our vision of being a highly customer-centric mortgage company into reality.
Reliance Financial is committed to providing the lowest mortgage rates and fast response times. Our collection of mortgage programs includes excellent options for first-time home buyers as well as individuals who want to buy homes supported by jumbo mortgages. We believe that a delighted customer is the lifeblood of our business and long-term success. Hence, we strive to offer transparent communication, competitive pricing, and quick approvals for all our borrowers.
We also understand that when it comes to your home financing, you need a partner you can rely on. That’s why we offer full transparency and help you understand all aspects of your home loan transaction. Whether you’re buying your first home or refinancing your current home, we have the best mortgage rates and the best terms to fit your needs. Contact us today and let us show you why great customer service matters. We look forward to working with you.
Reliance Financial is currently one of the top mortgage companies in the country, originating tens of millions of dollars worth of home loans around the country. We are currently honored to serve in California, Texas, Colorado, Michigan, Washington, Virginia, and Florida.
Location: 11501 Dublin Blvd STE #200, Dublin CA 94568
Phone: (888) 973-5346
2. John Adams Mortgage
The loans that John Adams Mortgage may provide to its clients range from typical conventional and FHA loans to VA loans for serving and retired military personnel as well as doctor loans for specific medical professionals including doctors, dentists, and veterinarians. John Adams Mortgage is also pleased to offer renovation loans for people who want to renovate an existing home as opposed to buying a new one.
John Adams Mortgage, a mortgage company based in Southfield, Michigan, can assist interested consumers by executing, analyzing, and insuring loans. This business is highly regarded for its competence and reputation within the community.
Location: 25800 Northwestern Hwy STE 110, Southfield, MI 48075, United States
3. Thumb Bank & Trust
For more than a century, Thumb Bank & Trust has offered consumers quick, effective, and exceptional service. Bank & Trust works to handle your issues while also taking an active role in the community in which they operate.
Thumb Bank & Trust mixes conventional banking with cutting-edge service and technology. They offer a full range of modern financial services to their clients. They take great delight in contributing to and supporting their local communities. Their service is unmatched by any other commercial bank when you factor in their talented and committed personnel, officers, and board members. They invite you to provide comments on their website, their offerings, and their employees.
Location: 7254 E Michigan Ave, Pigeon, MI 48755, United States
4. Michigan Mortgage Solutions
In addition to assisting customers with getting loans and mortgages, Michigan Mortgage Solutions also works to guarantee that there are no ambiguities regarding the mortgage that consumers are entering before signing any paperwork. Dealing with Michigan Mortgage Solutions offers you the peace of mind that they have your best interests in mind. Moreover, their commitment to getting you the best mortgage possible is a relief.
Working from their Pontiac, Michigan location, Michigan Mortgage Solutions is committed to assisting first-time homebuyers as they prepare to make one of the biggest investments of their adult life. The staff at Michigan Mortgage Solutions is passionately dedicated to understanding your needs and lending all that goes behind it. Moreover, they are prepared to fully educate you on everything you need to know.
Location: 35 W Huron St #301, Pontiac, MI 48342, United States
5. Level One Bank
Level One Bank has been operational since 2007 in association with local business leaders and passionate bankers that believe in a better way for the bank. They realized the objective of a bank that could deliver the sophisticated products of a large institution with the local knowledge and customer service of a community bank. Today, they are a full-service commercial and consumer bank. As they continue to grow, they remain committed to community banking and fulfilling their vision of providing a better way to bank for their clients and communities.
Location: 32991 Hamilton Court, Farmington, MI 48334
Home sweet home. There’s no place like it. It’s a place to unwind, relax, and be with the people you love most. It’s a place to call your own. And powering homeownership is what we’re all about at Reliance Financial. We’re proud to be one of Michigan’s go-to mortgage lenders, helping first-time homebuyers realize their dream of owning a home. We understand that buying a home is one of the biggest financial decisions you’ll ever make.
That’s why our commitment is to provide a swift, pleasant experience from application to closing. Thanks to our nationally recognized loan processing and sector-leading digital lending platform, we’re able to get you to the closing table as quickly and seamlessly as possible. We know that finding your forever home is an exciting time, and we’re glad to be a part of it. Let us take you home.