The Best Mortgage Lenders in Burton, MI
Compare verified mortgage lenders serving Burton, Michigan. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Burton
Featured Mortgage Lenders
John Smith
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as one of the top mortgage lenders in the Burton/Flint area with exceptional customer satisfaction ratings. Local branch manager John Smith brings over two decades of mortgage experience, specializing in helping Burton residents with customized loan solutions. The company is known for its competitive rates, streamlined application process, and personalized service for both purchase and refinance transactions. Their extensive loan product portfolio ensures they can meet diverse borrower needs throughout Genesee County.
Loan Types:
Mike Boudreau
Paramount Bank
Paramount Bank has been serving the Burton and greater Flint community since 1996, building a reputation for exceptional local service and community involvement. As a community-focused bank, they offer personalized mortgage solutions with local underwriting and decision-making. Their experienced loan officers, including veteran lender Mike Boudreau, provide comprehensive guidance through the entire home financing process. Paramount Bank is particularly respected for their construction lending expertise and portfolio loan options that larger national lenders often cannot match.
Loan Types:
Client Advisor Team
Rocket Mortgage (by Quicken Loans)
While headquartered in Detroit, Rocket Mortgage serves Burton residents with one of the most sophisticated digital mortgage platforms in the industry. As America's largest mortgage lender, they bring tremendous buying power and competitive rate offerings to Genesee County homebuyers. Their fully online application process is complemented by dedicated mortgage experts who provide personalized guidance. Rocket Mortgage is particularly praised for their efficient closing process and extensive refinance options, making them a top choice for Burton residents seeking convenience and competitive pricing from an established Michigan-based company.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Burton, MI
What are the current average mortgage rates in Burton, MI, and how do they compare to state averages?
Mortgage rates in Burton typically align closely with Michigan's state averages, often slightly lower than national rates due to the area's stable but moderate-cost housing market. As of recent data, 30-year fixed rates in Burton generally range from 6.5% to 7%, but it's essential to get personalized quotes from local lenders like Genesee County credit unions who understand the regional market nuances.
Are there any first-time homebuyer programs specific to Burton that can help with down payments?
Yes, Burton homebuyers can access the Michigan State Housing Development Authority (MSHDA) loan program, which offers down payment assistance up to $10,000. Additionally, local lenders like ELGA Credit Union often provide first-time buyer grants or favorable terms for residents purchasing in Burton's affordable neighborhoods, making homeownership more accessible.
How does Burton's property tax rate affect my mortgage payments and affordability?
Burton has a property tax rate of approximately 46.5 mills, which is relatively high compared to some Michigan cities. This means your monthly mortgage payment will include a significant escrow portion for taxes, potentially increasing your total housing cost by several hundred dollars monthly. It's crucial to factor this into your budget when determining how much house you can afford in Burton.
What types of homes in Burton typically qualify for USDA rural housing loans?
While Burton is primarily suburban, certain neighborhoods on the city's outskirts may still qualify for USDA loans, which offer 100% financing with no down payment. Properties east of Belsay Road and north of Maple Avenue are most likely to be eligible, but you should consult with a local mortgage broker who can verify specific property eligibility through the USDA eligibility map.
How competitive is the mortgage lending environment in Burton's current housing market?
Burton's housing market remains moderately competitive with median home prices around $150,000-$180,000, making it more accessible than many Michigan markets. Local lenders are generally eager to work with buyers, but you'll want to get pre-approved through a Genesee County-based institution to demonstrate serious buying intent in this steady market where well-priced homes receive multiple offers.
Why Choose a Mortgage Lender in Burton?
Local Market Knowledge
Lenders who understand Burton'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 Burton and get competitive rates on your home loan.