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Auburn, MI

The Best Mortgage Lenders in Auburn, MI

Compare verified mortgage lenders serving Auburn, Michigan. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
655+
Reviews
10
Loan Types

Available Loan Programs in Auburn

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer
Home Equity
Renovation

Featured Mortgage Lenders

1

Consumers Credit Union Mortgage Department

Consumers Credit Union

★★★★☆
4.8/5

Consumers Credit Union is one of Michigan's most highly-rated financial institutions with a strong presence throughout the Lower Peninsula, including service to Auburn residents. With nearly 70 years of experience, they offer competitive rates and personalized service through their local branch network. Their mortgage team specializes in first-time homebuyer programs and offers digital mortgage applications with local underwriting decisions. Members consistently praise their responsive service and competitive rates.

Experience:68 years
Reviews:285 customer reviews
2121 S. Airport Road, Traverse City, MI 49684

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Dow Credit Union Mortgage Center

Dow Credit Union

★★★★☆
4.7/5

Dow Credit Union has been serving Mid-Michigan communities for over 80 years and maintains a strong presence in the Great Lakes Bay Region, including Auburn. They offer a comprehensive range of mortgage products with local decision-making and competitive rates. Their mortgage specialists are known for providing exceptional guidance through the entire homebuying process, with particular expertise in VA and first-time homebuyer programs. The credit union consistently receives high marks for customer service and community involvement.

Experience:84 years
Reviews:192 customer reviews
3200 Davenport Avenue, Saginaw, MI 48602

Loan Types:

ConventionalFHAVAFirst-time HomebuyerConstructionRefinanceHome Equity
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3

Michigan Mutual Mortgage Team

Michigan Mutual, Inc.

★★★★☆
4.6/5

Michigan Mutual is a premier mortgage lender serving communities throughout Michigan, including the Auburn area. With over 25 years of experience, they combine the resources of a large lender with personalized local service. They excel in providing competitive conventional and government-backed loans with efficient processing. Customers frequently highlight their knowledgeable loan officers, transparent communication, and ability to close loans quickly. Their strong reputation across Michigan makes them a top choice for Bay County homebuyers.

Experience:25 years
Reviews:178 customer reviews
39555 Orchard Hill Place, Novi, MI 48375

Loan Types:

ConventionalFHAVAUSDAJumboRenovationRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Auburn, MI

What are the current average mortgage rates in Auburn, MI, and how do they compare to state averages?

Mortgage rates in Auburn typically align closely with Michigan's statewide averages, though they can be slightly lower due to the area's stable, rural housing market. As of recent data, 30-year fixed rates in the Auburn area often range between 6.5% and 7%, but it's essential to get personalized quotes from local lenders. Credit unions like Dow Chemical Employees' Credit Union, which serves the region, sometimes offer competitive rates for members.

Are there any first-time homebuyer programs specific to Auburn or Bay County that I should know about?

Yes, the Michigan State Housing Development Authority (MSHDA) offers down payment assistance and favorable loan terms for first-time buyers statewide, which Auburn residents can utilize. Additionally, some local lenders may have special programs for buyers in Bay County, including grants for closing costs. It's wise to consult with a mortgage advisor familiar with Auburn's market to explore all local and state options.

How does Auburn's rural location and proximity to Midland affect mortgage lending and property types?

Auburn's rural setting means lenders may pay closer attention to property appraisals, especially for unique or older homes common in the area. Being near Midland can be an advantage, as some lenders consider the broader economic stability of the region when underwriting loans. However, rural properties might have stricter requirements for septic and well systems, which can influence loan approval.

What types of properties are most common in Auburn, and does this affect the types of mortgages available?

Auburn features a mix of single-family homes, older farmhouses, and some newer constructions, with many properties on larger lots. Conventional loans are widely available, but for unique or non-warrantable properties (like certain rural homes), you might need a portfolio loan from a local bank or credit union. USDA loans are also a popular option here due to the area's eligibility for rural development programs.

Are property taxes in Auburn, MI, typically included in mortgage escrow, and how do they impact affordability?

Yes, most lenders in Auburn will set up an escrow account to include property taxes with your monthly mortgage payment. Auburn's property tax rates are generally moderate for Michigan, but they can vary based on the specific township and school district. It's important to factor these taxes into your budget, as they can affect your overall housing costs and loan qualification.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Auburn, Michigan

Searching for "house lenders near me" in Auburn is more than just finding a name on a map. It's about connecting with a financial partner who understands the unique rhythm of our local market and can guide you through one of life's biggest decisions. Whether you're drawn to the quiet, family-friendly streets, the strong sense of community, or the beautiful Bay County landscapes, securing the right mortgage is your first step to calling Auburn home.

In Auburn's housing market, working with a local lender offers distinct advantages. They have their finger on the pulse of property values in our specific neighborhoods and can provide realistic appraisals. They understand the nuances of buying a home in a smaller community, where word-of-mouth and local reputation matter immensely. A lender based in the Great Lakes Bay Region can often process your loan more efficiently, with quicker response times and a deeper understanding of the title companies and real estate agents you'll be working with locally.

When starting your search, don't just look at the big national banks. Be sure to explore local credit unions, like those based in Bay City or Midland, and community banks with branches in Auburn or nearby. These institutions often have a strong commitment to the area and may offer more personalized service. Schedule consultations with a few different options. Come prepared with questions about their experience with Auburn homes, their preferred types of loans, and their average closing timeline.

Michigan offers several fantastic programs that a knowledgeable local lender can help you navigate. The Michigan State Housing Development Authority (MSHDA) provides down payment assistance programs and first-time homebuyer loans with competitive rates. These programs can be a game-changer, especially for buyers looking at Auburn's charming starter homes. A lender familiar with MSHDA’s guidelines can seamlessly integrate this assistance into your mortgage plan.

Your actionable first step? Get pre-approved. Before you even fall in love with a house on W. Midland Road or a property near the Rifle River, visit a local lender for a pre-approval. This not only clarifies your budget but makes you a serious, attractive buyer in a competitive offer situation. It shows sellers you are prepared and backed by a credible local professional.

Finally, remember that your relationship with your lender shouldn't end at closing. Choose someone who views you as a long-term member of the community, not just a transaction. By partnering with a trusted "house lender near you" in Auburn, you're not just getting a loan—you're gaining a local expert invested in helping you build a life in our wonderful corner of Michigan.

Nearby Cities

Explore mortgage lenders in cities near Auburn, MI

Why Choose a Mortgage Lender in Auburn?

Local Market Knowledge

Lenders who understand Auburn's housing market can offer better guidance and competitive rates.

Multiple Loan Options

Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.

Proven Track Record

Work with lenders who have years of experience and hundreds of satisfied customers in Michigan.

Ready to Find Your Perfect Mortgage Lender?

Connect with top-rated mortgage professionals in Auburn and get competitive rates on your home loan.