The Best Mortgage Lenders in Harrison, MI
Compare verified mortgage lenders serving Harrison, Michigan. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harrison
Featured Mortgage Lenders
Northpointe Bank
Northpointe Bank
Northpointe Bank is a highly-rated Michigan-based lender with over two decades of experience, specifically serving the Harrison area through its regional presence. Known for competitive mortgage rates, personalized service, and a wide range of loan options, they have built a strong reputation for reliability and customer satisfaction. Their local expertise and commitment to the community make them a top choice for homebuyers in Clare County and surrounding regions.
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Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans is a nationally recognized mortgage lender with a strong track record of serving Michigan communities, including Harrison. They offer competitive rates, flexible loan programs, and exceptional customer service, backed by hundreds of positive reviews. Their extensive experience and dedication to streamlining the mortgage process make them a reliable option for borrowers in the area.
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New American Funding
New American Funding
New American Funding is a top-rated mortgage lender known for its diverse loan products and strong customer service, with a proven history of serving Harrison and broader Michigan markets. They prioritize borrower education and offer innovative solutions, earning high marks for transparency and efficiency. Their commitment to inclusive lending and community engagement solidifies their position as a trusted lender in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Harrison, MI
What are the current average mortgage rates in Harrison, MI, and how do they compare to state averages?
Mortgage rates in Harrison typically align closely with Michigan state averages, often ranging between 6.5% to 7.5% for 30-year fixed loans as of 2024. However, local lenders may offer slightly different rates based on property types common in Clare County, such as rural properties or lakefront homes. It's wise to compare offers from both local credit unions and national lenders serving the Harrison area.
Are there any special mortgage programs for first-time homebuyers in Harrison?
Yes, Harrison homebuyers can access Michigan State Housing Development Authority (MSHDA) programs offering down payment assistance and favorable rates. Additionally, some local lenders like Chemical Bank and Independent Bank may offer special first-time buyer programs tailored to Harrison's market. These programs are particularly valuable given Harrison's median home prices being below state averages.
How does Harrison's rural location affect mortgage lending requirements?
Harrison's rural classification in Clare County can impact lending through USDA Rural Development loans, which offer 100% financing for eligible properties. However, some lenders may require additional inspections for properties with wells and septic systems, which are common in the area. Appraisal processes might also differ slightly due to fewer comparable sales in this rural market.
What unique closing costs should I expect when buying a home in Harrison?
Harrison homebuyers should budget for typical Michigan closing costs plus potential additional expenses like well and septic inspections, which typically cost $400-$600 combined. Given the area's four-season climate, some lenders might require specific roof or foundation inspections. Title insurance and transfer taxes will follow Michigan standards but may vary slightly by township within the Harrison area.
Are there any local down payment assistance programs specific to Harrison homebuyers?
While no Harrison-specific programs exist, Clare County homebuyers can access MSHDA's Down Payment Assistance program providing up to $10,000. Some local employers, including MidMichigan Health and the Harrison Community Schools, may offer employer-assisted housing programs. Additionally, some lenders offer special programs for buyers of manufactured homes, which are prevalent in the Harrison area.
Why Choose a Mortgage Lender in Harrison?
Local Market Knowledge
Lenders who understand Harrison'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 Harrison and get competitive rates on your home loan.