How to Find the Best Michigan Mortgage Lenders

How Do You Find The Best Michigan Mortgage Lender?

Find out why we are the best Michigan Mortgage Lender

There are so many Michigan mortgage lenders, including banks, credit unions, mortgage brokers, and mortgage lenders, that it can be hard to know which one to approach for a home loan and which is best for you. There are different types of mortgages and incentives offered by these lenders, so it’s important to find a lender who will work with you to meet your financial goals. When it comes to buying a home, there are a lot of big decisions to make, such as choosing the best Michigan mortgage lender.

The dream of homeownership will come with private mortgage insurance, property taxes, Fannie Mae or Freddie Mac loans, government-backed loans like an FHA, USDA or VA loan, varying loan terms, and potentially competitive interest rates. However, choosing which lender is best suited to help you really comes down to you doing your research.

At Michigan Mortgage Solutions we pride ourselves on our 5-Star Reputation and encourage all of our potential clients to research us with the Better Business Bureau, the State of Michigan, and also on sites like Google or YELP. Our clients truly love us and have no problems bragging about it!

We’d truly love to earn your business but we realize you may want to conduct your research first. For this reason, we’ve laid out some tips to help you find the best locally owned lenders in Michigan for your needs. Most of these tips will lead you back to us because we truly are the best lender in Michigan.

1. Working With The Best Michigan Mortgage Lender You Already Know

Michigan renter looking for the best michigan mortgage brokerMany borrowers prefer to work with those they already know, especially when it comes to home loans. If you have an account at a bank or credit union, then applying there for a home loan may be a good place to start, especially for first time home buyers. Credit Unions are often eager to help their clients and sometimes offer special deals for those who have an account. However, brokers and lenders will have more wiggle room when it comes to the fees related to the loan.

Try to avoid internet based lenders without a local Michigan office you can visit. Internet based lenders often lure you in by offering very good initial terms and interest rates, but many of these lenders are often fraudsters who are just out to get a hold of your financial information and take you to the cleaners.

You should also avoid lenders who have contacted you unsolicited, especially if these lenders are offering terms and interest rates that seem ‘too good to be true’. Stick with lenders that you have researched and know are genuine.

2. Researching the Best Michigan Mortgage Lenders Using Google and the BBB

Google Search Best Michigan Mortgage LenderAs mentioned earlier, it’s important to research any Michigan lender you choose including Michigan Mortgage Solutions. I’ve found that it’s actually easiest to research companies using a combination of Googles search engine and the Better Business Bureau.

It’s really simple to do this research because all you need to do is go to Google and type in the companies name and the word “reviews”. So for us, you would type “Michigan Mortgage Solutions reviews” and that will pull up all of the customer reviews for us on sites like Google+, YELP, Yahoo, BING, and many other local directories. Then all you need to do is read the reviews and determine if you’d like to work with the company you Googled.

Sometimes you may have to add the city and state of where the company is located to your search query. For example, we’re located in Pontiac so you would type “Michigan Mortgage Solutions reviews Pontiac Michigan”. This isn’t always necessary but some lenders have multiple branches and you want to make sure you pick the right one so you get relevant reviews to whom you’re working with.

Check Michigan Mortgage Solutions out on the Better Business BureauWhen searching the Better Business Bureau, you can read customer reviews to find the best Michigan mortgage lender and you’ll be able to learn a lot about the company. Each company has a grade similar to the grades you used to get on your report card. A+ is the highest rating, and Michigan Mortgage Solutions, an Accredited Business since 2008, has carried an A+ rating. They offer a variety of home loan products to cater to different needs.

3. Which Mortgage Brokers Help Those With Troubled Credit?

If you have poor or bad credit, then be aware that many lenders will not consider your application. However, Michigan Mortgage Solutions specializes in helping those with challenges. We will provide you with a road map to a better score and you’ll just have to follow the directions to get there. If you do not have 2 years on the same job, 2 years of established credit history, 20% down payment and high credit scores then you may want to consider speaking with a company like Michigan Mortgage Solutions.

In fact, most of our credit challenged borrowers are ready to get a home loan within six months of starting with us. Depending on your specific issues, we work with a few reputable companies that will assist in removing incorrect information from your credit report in an expedited manor. These are fee based companies but we are able to offer a corporate discount to our clients which makes it incredibly affordable.

Good credit can literally change your life and we’d like to help you make that change. If you want help or you have questions that have yet to be answered please call (248) 963-1894 immediately. Our goal is to earn your business and I promise you when you contact us you will learn exactly why we are one of the best Michigan Mortgage Lenders.

4. Will Some Mortgage Company’s Give Me a Better Deal Than Others?

While calling a number of lenders to see which one will offer the best terms and best interest rates for different loan types is a good idea, do not forget that your rate mostly depends on you. There are so many factors that go into determining your interest rate and closing costs that you’d be hard pressed to get similar quotes from 10 different lenders. Most advertised rates are complete “B.S.” and unless you have a property address, the closing costs will all be just an estimate at best.

The problem with estimates is the word itself allows any lender that quotes you to say “it was only an estimate” when you question why your fees or rate is higher than quoted. On top of it being just an estimate, the majority of lenders are incredibly bad at estimating important numbers like escrow accounts. Establishing an escrow account is typically one of the highest costs when getting a home loan and bad calculations can be off by thousands of dollars.

How do you choose a good mortgage lender in Michigan?

Michigan family looking for a home to purchaseWhen choosing a mortgage lender in Michigan, consider factors such as reputation, interest rates, fees, customer service, and loan options. Research lenders online, read reviews, compare rates and terms, and reach out to lenders directly to ask questions and gather information before making a decision.

At Michigan Mortgage Solutions, we tend to be math nerds and always like to use real numbers when figuring out rates and closing costs because these are very important numbers when planning your closing date or even constructing your offer. Knowing how much you’ll need to close can help you structure your offer to get the seller to cover the costs you might not be able to. This can be the difference of getting approved to buy the home of your dreams or getting denied.

Don’t get denied because your lender is bad at math. In fact, run away from any lender who is bad at math because they will cause you unneeded stress and potentially cost you thousands of extra dollars. This is just one of the many reasons that makes Michigan Mortgage Solutions one of the best Michigan Mortgage Lenders.

Who is the best company to get a mortgage with?

When it comes to finding the best company to get a home loan with, there are several factors to consider. Reputation, interest rates, fees, customer service, and loan options all play a crucial role in making this decision. Ideally, you want a company that not only offers competitive rates but also has a solid reputation for providing excellent customer service.

One such company that stands out in Michigan is Michigan Mortgage Solutions. What sets them apart is their commitment to accuracy and transparency. They understand the importance of precise calculations when it comes to rates and closing costs, ensuring that you have real numbers to work with. This commitment to accuracy and transparency is what makes them one of the best Michigan Mortgage Lenders.

What is the average mortgage rate in Michigan right now?

The average mortgage rate in Michigan fluctuates regularly based on various market factors. However, it’s important to note that rates can vary depending on your specific financial situation and the type of loan you’re seeking. To get the most accurate information about current rates in Michigan, it’s recommended to reach out to reliable lenders like Michigan Mortgage Solutions. Their experienced team can provide you with up-to-date rates tailored to your unique circumstances.

What credit score do you need to get a mortgage in Michigan?

The credit score required to get a home loan in Michigan can vary depending on the lender and the type of loan. Generally, a higher credit score will increase your chances of qualifying for a mortgage and securing more favorable terms. However, lenders like Michigan Mortgage Solutions understand that every borrower’s situation is unique, and they work with individuals with various credit scores to explore loan options. It’s best to consult with them directly to discuss your specific credit score requirements and available loan programs.

Cheryl S
Cheryl S
05/01/2024
Jason was phenomenal to work with during my mortgage process. He guided me with ease from beginning to end . He had patience when I had questions and explained everything so clearly. I am thankful to Jason and the entire team for making this a pretty stressful free experience!! New Year, New Home! Thanks Jason!!
miss renee
miss renee
03/01/2024
Trevor was very knowledgeable and his expertise was Super helpful in putting me in the right direction!
Jillian Mitchell
Jillian Mitchell
17/11/2023
Great experience all around. Jason, Trevor and Yolanda are a great team and always are reassuring and helpful.
Reel Champs
Reel Champs
23/10/2023
Jason and the Michigan Mortgage solutions team was amazing. I ran to them out of desperation because I had a terrible experience with a bigger mortgage company. It was the best decision of my life and Jason worked with me seamlessly and got my family into our dream house in less than 45 days. Highly recommend them as your FIRST STOP, you won’t regret it.
Michael Cordell
Michael Cordell
17/10/2023
I had a wonderful experience. The communication at every step along the process was exceptional. My contact went above and beyond and answered my questions at all times. Thank you,
Sanya Ross
Sanya Ross
29/09/2023
Jason was knowledgeable and always available. Made me feel at ease with such a huge purchase, I asked tons of questions and he never made me feel like it was a problem. I appreciate everything he did to make my first home purchase a success and I will refer all my friends and family to Michigan mortgage solutions!! Thank you again!
Jack Condrige
Jack Condrige
26/09/2023
Great experience. Very personal service.
Kyla Wilberding
Kyla Wilberding
20/09/2023
Can't say enough good things about Jason and his team. They made my first home buying experience quick, easy, and stress free. They communicated flawlessly and explained every step of the process, would recommend to anyone! Closed on my house in less than a month.
Tony Pliva
Tony Pliva
25/08/2023
Worked with Jason and his team for about a year before we found a home we wanted. The whole process was smooth and easy. Definitely recommend to anyone getting a mortgage!
Michigan Mortgage Solutions

Michigan Mortgage Solutions

Michigan Mortgage Solutions offers a variety of mortgage programs to suit your needs. FHA Loans, Conventional Loans and VA loans are just some examples. For experienced homeowners looking for cash out or refinancing options there is help available as well with the offer of an FHA streamline loan option that can be completed in 10 days! Michigan Mortgage Solution has something to offer every customer; whether you’re a first time home buyer or seasoned veteran our team will find the right Michigan mortgage solution for you!

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