Most mortgage experts will tell you that before making your ultimate
mortgage purchase decision, you should compare offers from multiple lenders. It
pays to compare Michigan mortgage loans before you buy regardless of what mortgage loan type
you are looking for (ex. 2nd mortgage, mortgage refinance, home equity loan,
or simply a mortgage
loan to finance the purchase of your new home). loanscompete.com can
help you find the best mortgage rates from across the state of Michigan including
Ann Arbor, Battle, Detroit, Lansing, Travers City and all places
in-between.
About Michigan Housing Market
In 2002, there were
an estimated 4.3 Million housing units in Michigan,
3.85 million of which were occupied. Michigan ranked
4th in the country for the number of units, 74%,
which were owner-occupied in 2002. About 70.4% of
all units were single-family, detached homes. The
average household size was 2.55 people. (continued
below)
To find the best Michigan Mortgage rates, simply select your
residential mortgage loan type (upper left) to begin the process of having
leading mortgage lenders compete for your business. You will receive as many
as 5 free Michigan mortgage loan quotes from leading lenders, brokers and
national mortgage companies serving your area. It's easy!
Below are some of the leading lenders that may choose to
compete for your business. Loanscompete.com is not directly affiliated with these lenders.
In 2002, nearly 50,000 privately owned units were authorized
for construction in Michigan. The median home value was
$133,270. The median monthly cost for mortgage owners was
$1,085. Renters paid a median of $585 per month. During
2002, Michigan received over $244.6 million in community
planning and development aid from the US Department of
Housing and Urban Development. A limited amount of state aid
for low-income housing is available through the State
Housing Development Authority.