Michigan Mortgage Comparisons
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). LoanReduce.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 offers from leading lenders, brokers and national mortgage companies serving your area. It’s easy!
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.