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Clinton Township, MI

The Best Mortgage Lenders in Clinton Township, MI

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

3
Top Lenders
4.5
Avg Rating
470+
Reviews
8
Loan Types

Available Loan Programs in Clinton Township

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-Time Homebuyer
ARM

Featured Mortgage Lenders

1

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.7/5

Fairway Independent Mortgage Corporation is a top-rated lender with a strong presence in the Detroit metropolitan area, including Clinton Township. Known for its exceptional customer service and competitive rates, Fairway has built a reputation for reliability and expertise over nearly three decades. They offer a comprehensive range of loan products, including specialized programs for first-time homebuyers and veterans, and are highly praised for their personalized approach and efficient processing. Their local branch in Sterling Heights ensures convenient access for Clinton Township residents, backed by numerous positive reviews highlighting their transparency and support throughout the mortgage process.

Experience:28 years
Reviews:150 customer reviews
44155 Schoenherr Rd, Sterling Heights, MI 48313

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Lake Trust Credit Union

Lake Trust Credit Union

★★★★☆
4.5/5

Lake Trust Credit Union is a member-owned financial institution with a deep roots in Michigan, including a physical branch in Clinton Township. It is highly regarded for its community-focused approach, offering personalized mortgage solutions with competitive rates and low fees. With over a decade of experience, Lake Trust provides a variety of loan options, including first-time homebuyer programs and refinancing, and is known for its excellent customer satisfaction and local involvement. Reviews frequently highlight their friendly staff, straightforward processes, and commitment to helping members achieve homeownership goals.

Experience:14 years
Reviews:200 customer reviews
36100 Groesbeck Hwy, Clinton Township, MI 48035

Loan Types:

ConventionalFHAVAFirst-Time HomebuyerRefinance
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3

New American Funding

New American Funding

★★★★☆
4.3/5

New American Funding is a nationally recognized mortgage lender with a strong regional presence in Southeast Michigan, serving Clinton Township effectively. Founded in 2003, it has earned high marks for its diverse loan programs, including options for low-to-moderate income borrowers and innovative digital tools that simplify the application process. Known for competitive rates and responsive customer service, New American Funding is praised in reviews for its professionalism and ability to handle complex cases. Their Troy office provides local support, ensuring timely and reliable service for homebuyers in the area.

Experience:21 years
Reviews:120 customer reviews
3001 West Big Beaver Rd, Troy, MI 48084

Loan Types:

ConventionalFHAVAJumboARMRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Clinton Township, MI

What are the current average mortgage rates in Clinton Township, MI?

Mortgage rates in Clinton Township typically align with national averages but can vary based on local lender competition and property types. As of recent trends, you can expect rates in the mid-6% to low-7% range for 30-year fixed loans, with local credit unions often offering competitive rates. It's wise to compare offers from both local Michigan lenders and national institutions for the best terms.

Are there any first-time homebuyer programs specific to Clinton Township?

Yes, Clinton Township homebuyers can access Michigan State Housing Development Authority (MSHDA) programs offering down payment assistance and favorable loan terms. Additionally, Macomb County offers the HOME Investment Partnership Program providing up to $10,000 in down payment help for eligible buyers. These programs are particularly valuable given Clinton Township's median home prices.

How do Clinton Township's property taxes affect mortgage qualification?

Clinton Township has property tax rates around 1.5-1.8% of assessed value, which is relatively high compared to national averages. Lenders factor these taxes into your debt-to-income ratio, potentially reducing the loan amount you qualify for. It's crucial to get accurate tax estimates during pre-approval to avoid surprises in your monthly mortgage payment.

What special considerations should I know about buying a home in Clinton Township's flood zones?

Several areas in Clinton Township, particularly near the Clinton River and Red Run Drain, may require flood insurance. Lenders will mandate this additional coverage if your property is in a designated flood zone, adding $500-$2,000 annually to your housing costs. Always verify flood zone status during your due diligence period.

Are there any local mortgage programs for buying older homes in Clinton Township's established neighborhoods?

Many Clinton Township homes built before 1978 may qualify for special renovation loans like the FHA 203(k), which is valuable in neighborhoods like Harrington Woods and St. Clair Shores. Local lenders familiar with Clinton Township's housing stock can help navigate these programs, which bundle purchase and renovation costs into one mortgage.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Clinton Township

Searching for "house lenders near me" is more than just finding a nearby office—it's about connecting with a financial partner who understands the unique heartbeat of the Clinton Township, Michigan market. As you embark on your homebuying journey here, choosing the right local lender can be the key to a smoother process and potentially even a better deal on your dream home.

Clinton Township presents a diverse housing landscape, from established neighborhoods near Metro Parkway to newer developments. A local lender with their finger on the pulse of Macomb County can provide invaluable insight. They understand local property values, how specific subdivisions hold their worth, and can recommend appraisers who truly know the area. This hyper-local knowledge is crucial for accurate valuations and avoiding last-minute surprises during underwriting.

When evaluating lenders near you, look beyond big national names. Consider strong local credit unions, like those serving Macomb County employees or residents, and community banks with deep roots in the area. These institutions often have more flexibility in their underwriting and a genuine commitment to the community's growth. They might be more familiar with the nuances of older homes in Clinton Township, which is a common find, and can guide you on what repairs or issues might affect your loan.

Michigan also offers several statewide programs that a knowledgeable local lender can help you navigate. The Michigan State Housing Development Authority (MSHDA) provides down payment assistance and favorable loan terms for first-time and repeat homebuyers who meet income requirements. A Clinton Township-based loan officer frequently works with these programs and can efficiently determine your eligibility, which can be a game-changer for your upfront costs.

Your actionable first step? Create a shortlist. Search for "mortgage lenders Clinton Township MI" and read recent, local client reviews. Pay attention to comments about communication speed and their handling of the appraisal process. Then, make three calls. Ask each lender not just about rates, but specifically: "How often do you work with buyers in Clinton Township, and can you share an example of a challenge you helped solve in this market?" Their answer will tell you volumes.

Finally, schedule in-person consultations. A face-to-face meeting at a local branch allows you to build a relationship and gauge their understanding of your goals. Buying a home in Clinton Township is an exciting venture. By choosing a lender who knows every curve of Groesbeck Highway and the value of a home near the Clinton River, you're not just getting a loan—you're gaining a local guide for one of life's biggest investments.

Nearby Cities

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Why Choose a Mortgage Lender in Clinton Township?

Local Market Knowledge

Lenders who understand Clinton Township'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 Clinton Township and get competitive rates on your home loan.