The Best Mortgage Lenders in Custer, MI
Compare verified mortgage lenders serving Custer, Michigan. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Custer
Featured Mortgage Lenders
Kristy L. Peterson
Chemical Bank Shoreline (now part of TCF Bank)
As the premier mortgage lender in Mason County, Chemical Bank Shoreline (now operating as TCF Bank) has been serving Custer and surrounding communities for generations. Kristy Peterson and her team are highly regarded for their deep local market knowledge and personalized service. They specialize in rural property financing and understand the unique needs of Mason County homebuyers. With extensive experience in USDA loans perfect for Custer's rural setting, they offer competitive rates and exceptional customer service that has earned them countless local referrals and outstanding reviews.
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West Shore Bank Mortgage Department
West Shore Bank
West Shore Bank has been a cornerstone of Mason County's financial landscape for over a century, making them exceptionally qualified to serve Custer residents. Their mortgage team understands the local real estate market dynamics and offers specialized programs for rural properties common in the Custer area. They're particularly strong in construction lending and offer flexible terms for both primary residences and vacation properties. As a community bank, they provide personalized service with local decision-making, ensuring quick turnaround times and deep understanding of the region's unique housing needs.
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Manistee County Credit Union Mortgage Department
Manistee County Credit Union
Serving all of Mason County including Custer, Manistee County Credit Union has built an outstanding reputation for mortgage lending with competitive rates and exceptional member service. Their mortgage specialists are particularly skilled with first-time homebuyer programs and USDA rural development loans that are ideal for Custer properties. As a credit union, they offer member-focused pricing and flexible underwriting that often exceeds what larger banks can provide. Their local expertise and commitment to the community make them a top choice for Custer residents seeking personalized mortgage solutions with competitive terms.
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Frequently Asked Questions
Common questions about mortgage lending in Custer, MI
What are the current mortgage rates like in Custer, MI, and how do they compare to state averages?
Mortgage rates in Custer are generally competitive with statewide Michigan averages, but can be slightly higher due to the rural nature of the area and smaller local lender presence. As of recent data, rates for a 30-year fixed mortgage typically range from 6.5% to 7%, but it's best to check with local credit unions like West Michigan Credit Union for the most accurate, personalized rates.
Are there any special mortgage programs for first-time homebuyers in Custer?
Yes, first-time homebuyers in Custer can access Michigan State Housing Development Authority (MSHDA) programs, which offer down payment assistance and competitive interest rates. Additionally, some local lenders may have specific programs for residents of Mason County, so it's worth inquiring directly with institutions like West Shore Bank.
How does Custer's rural location affect the mortgage appraisal process?
In Custer's rural setting, appraisals can be more complex due to fewer comparable home sales, which might lead to longer processing times. Lenders often use appraisers familiar with Mason County's market to ensure accurate valuations, but buyers should be prepared for potential delays compared to urban areas.
What types of properties in Custer might qualify for USDA rural development loans?
Most properties in Custer qualify for USDA loans due to its designation as a rural area. These loans are ideal for low-to-moderate income buyers seeking to purchase single-family homes, as they require no down payment and offer competitive rates, making homeownership more accessible in this community.
Are property taxes in Custer typically included in mortgage escrow accounts?
Yes, most lenders in Custer include property taxes in escrow accounts, given Mason County's stable tax structure. This helps homeowners manage annual tax bills through monthly payments, but it's important to verify with your lender, as tax rates can vary slightly based on the specific township within Custer.
Why Choose a Mortgage Lender in Custer?
Local Market Knowledge
Lenders who understand Custer'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 Custer and get competitive rates on your home loan.