The Best Mortgage Lenders in Harrison Township, MI
Compare verified mortgage lenders serving Harrison Township, Michigan. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harrison Township
Featured Mortgage Lenders
Quicken Loans / Rocket Mortgage
Rocket Mortgage, LLC
As the nation's largest mortgage lender and headquartered in Detroit, Rocket Mortgage brings exceptional convenience and digital efficiency to Harrison Township residents. Their fully online platform offers rapid pre-approvals, competitive rates, and a streamlined application process. With thousands of excellent reviews highlighting their responsive customer service and efficient closing processes, they provide Harrison Township homebuyers with both local expertise and national resources. Their strong presence in Southeast Michigan ensures understanding of local market conditions.
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Approved Mortgage
Approved Mortgage, Inc.
Located just minutes from Harrison Township in neighboring Clinton Township, Approved Mortgage has built an outstanding reputation as a local mortgage broker serving Macomb County for over two decades. With exceptional 4.9-star ratings across multiple platforms, they're known for personalized service, competitive rates, and expert guidance through complex loan scenarios. Their team of experienced loan officers provides hands-on assistance throughout the entire mortgage process, making them a top choice for Harrison Township residents seeking local expertise with a personal touch.
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Lake Trust Credit Union
Lake Trust Credit Union
As one of Michigan's largest credit unions with a strong presence throughout Southeast Michigan, Lake Trust Credit Union offers Harrison Township residents competitive mortgage rates and exceptional member service. Their not-for-profit structure often results in lower fees and more favorable terms than traditional banks. With deep roots in Michigan communities, they provide personalized mortgage guidance and local underwriting decisions. Their first-time homebuyer programs and member-focused approach make them an excellent choice for Harrison Township homebuyers seeking community-oriented lending.
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Frequently Asked Questions
Common questions about mortgage lending in Harrison Township, MI
What are the current mortgage rates like in Harrison Township, MI, and how do they compare to state averages?
Mortgage rates in Harrison Township are typically very close to the national and Michigan state average. However, local credit unions like Lake Trust Credit Union or Community Choice Credit Union often offer competitive, sometimes slightly lower, rates to Macomb County residents. It's always wise to get quotes from both local and national lenders to ensure you're getting the best deal.
Are there any down payment assistance programs available specifically for Harrison Township homebuyers?
Yes, the Michigan State Housing Development Authority (MSHDA) offers down payment assistance programs that are available to eligible buyers in Harrison Township. These programs can provide up to $10,000 in a zero-interest, forgivable loan. Given the township's mix of waterfront and more affordable inland properties, this assistance can be particularly helpful for first-time buyers targeting a starter home.
How does Harrison Township's proximity to Lake St. Clair affect the mortgage process for a waterfront property?
Purchasing a waterfront home in Harrison Township often requires additional steps. Lenders will typically mandate a more thorough, and sometimes more expensive, property appraisal to account for the unique value of the land and dockage. You may also be required to carry a higher level of flood insurance, which the lender will verify before final approval.
What is the typical property tax rate in Harrison Township, and how does it impact my mortgage payment?
Harrison Township has a property tax rate that is generally in line with the Macomb County average, typically around 1.4% to 1.6% of the home's taxable value. This is a crucial factor, as your lender will collect these taxes monthly as part of your escrow payment, significantly affecting your total monthly mortgage obligation, especially on higher-value waterfront homes.
As a first-time homebuyer in Harrison Township, what local lender expertise should I look for?
Look for lenders with extensive experience in Macomb County who are familiar with the nuances of the Harrison Township market. They should be well-versed in MSHDA programs and understand the appraisal differences between standard subdivisions and the township's unique canal-front properties. A local lender can also provide valuable insight into the financial health of the township and its special assessments.
Nearby Cities
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Why Choose a Mortgage Lender in Harrison Township?
Local Market Knowledge
Lenders who understand Harrison 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 Harrison Township and get competitive rates on your home loan.