The Best Mortgage Lenders in Beaverton, MI
Compare verified mortgage lenders serving Beaverton, Michigan. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Beaverton
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with over 28 years of experience, renowned for its exceptional customer service and competitive rates. They offer a wide range of loan products and have a strong regional presence in Michigan, including serving Beaverton. Their personalized approach and high customer satisfaction scores make them a trusted choice for homebuyers in the area.
Loan Types:
Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans is a highly regarded mortgage lender with 16 years of experience, known for its efficient processing and diverse loan options. They serve Michigan comprehensively, including Beaverton, and are praised for their competitive rates and reliable customer support. Their commitment to transparency and community involvement enhances their reputation in the region.
Loan Types:
AmeriFirst Home Mortgage
AmeriFirst Home Mortgage
AmeriFirst Home Mortgage has been a trusted lender in Michigan for over 26 years, offering educational resources and personalized service to borrowers in Beaverton and beyond. They are recognized for their competitive rates, high customer satisfaction, and focus on first-time homebuyer programs. Their long-standing community presence and ethical lending practices make them a reliable option.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Beaverton, MI
What are the current average mortgage rates for homebuyers in Beaverton, MI?
Mortgage rates in Beaverton typically align with national averages but can vary based on local lenders. Currently, 30-year fixed rates hover around 6.5-7%, while 15-year fixed rates are approximately 5.75-6.25%. It's best to check with local credit unions like Chemical Bank or Independent Bank for the most competitive rates in Gladwin County.
Are there any first-time homebuyer programs specifically available in Beaverton?
Yes, Beaverton homebuyers can access Michigan's MI Home Loan program, which offers competitive rates and down payment assistance. Additionally, the Michigan State Housing Development Authority (MSHDA) provides down payment assistance up to $7,500 for qualified buyers in Beaverton, which can be particularly helpful given the area's median home prices.
How does Beaverton's rural location affect mortgage lending requirements?
Beaverton's rural designation in Gladwin County makes some properties eligible for USDA loans, which offer 100% financing with no down payment. However, properties must meet specific location and condition requirements, so it's important to work with a lender experienced in rural Michigan mortgages who can verify property eligibility.
What special considerations should I know about when getting a mortgage for a waterfront property near Beaverton's lakes?
For properties near the Tobacco River or local lakes, lenders typically require additional inspections and may have stricter appraisal requirements. You'll likely need flood insurance, which can affect your total monthly payment, and down payment requirements may be higher (often 20%) for these desirable waterfront properties.
How does Beaverton's seasonal economy impact mortgage approval for local workers?
For residents working in seasonal industries like tourism or agriculture, lenders may require two years of consistent seasonal income documentation. Self-employed individuals and seasonal workers should prepare tax returns, profit-loss statements, and evidence of consistent year-over-year earnings to demonstrate stable income to Beaverton-area lenders.
Why Choose a Mortgage Lender in Beaverton?
Local Market Knowledge
Lenders who understand Beaverton'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 Beaverton and get competitive rates on your home loan.