The Best Mortgage Lenders in Harris, MI
Compare verified mortgage lenders serving Harris, Michigan. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harris
Featured Mortgage Lenders
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly-rated national lender with a strong presence in Michigan, including service to Harris. Founded in 2003, they are praised for their extensive loan options, competitive rates, and efficient processing. With over 300 reviews and a 4.7 rating, they excel in customer satisfaction and have a reputation for personalized service, making them a top choice for homebuyers in the Upper Peninsula region.
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loanDepot
loanDepot, LLC
loanDepot is a nationally recognized mortgage lender known for its innovative online platform and competitive rates. Founded in 2010, they serve Harris and surrounding areas with a wide range of loan products. With a 4.5 rating and 250 reviews, they are appreciated for their user-friendly experience, quick approvals, and dedicated customer support, making them a reliable option for Michigan residents.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with nearly three decades of experience, serving Harris and the broader Michigan area. Founded in 1996, they boast a 4.8 rating and 400 reviews, highlighting their excellence in personalized service, competitive rates, and a comprehensive suite of loan options. Their strong community involvement and commitment to customer satisfaction make them a standout choice for mortgages in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Harris, MI
What are the current average mortgage rates for homebuyers in Harris, MI?
Mortgage rates in Harris typically align with national averages but can be slightly influenced by local market conditions and lender competition in the Upper Peninsula. As of recent trends, 30-year fixed rates generally range from the mid-6% to low-7% range, but it's crucial to get personalized quotes from local lenders who understand the rural property nuances in Dickinson County.
Are there any special mortgage programs for first-time homebuyers in Harris?
Yes, the Michigan State Housing Development Authority (MSHDA) offers down payment assistance and favorable loan programs for first-time buyers statewide, which are accessible in Harris. Additionally, some local credit unions in the Upper Peninsula may offer special programs or grants for buyers in rural communities like Harris, making homeownership more accessible.
How does the rural nature of Harris affect the mortgage approval process?
The rural character of Harris can impact appraisals, as comparable properties might be fewer and farther between than in urban areas. Lenders familiar with Dickinson County will be better equipped to handle these appraisals. Additionally, properties with wells and septic systems are common, so ensure your lender is experienced with USDA Rural Development loans, which are popular here.
What type of property insurance considerations should I be aware of when getting a mortgage in Harris?
Given Harris's location in Michigan's Upper Peninsula, lenders will require adequate homeowners insurance that covers specific regional risks. This typically includes protection against heavy snowfall, potential for frozen pipes, and wind damage. You may also want to consider flood insurance if the property is near the Michigamme Reservoir or other water bodies.
Are USDA loans a good option for buying a home in Harris, MI?
Absolutely, since Harris is classified as a rural area by the USDA, many homebuyers here qualify for USDA loans, which offer 100% financing with no down payment. This is particularly advantageous given the area's moderate home prices, making it an excellent option for eligible buyers with moderate incomes looking to purchase a primary residence.
Why Choose a Mortgage Lender in Harris?
Local Market Knowledge
Lenders who understand Harris'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 Harris and get competitive rates on your home loan.