The Best Mortgage Lenders in Hillman, MI
Compare verified mortgage lenders serving Hillman, Michigan. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hillman
Featured Mortgage Lenders
Mortgage Specialist Team
Members First Credit Union
Members First Credit Union stands out as one of the top mortgage lenders serving Northeast Michigan, including Hillman. With deep roots in the region since 1954, they offer personalized service and competitive rates specifically tailored to rural and small-town communities. Their mortgage specialists have extensive experience with USDA loans, which are particularly relevant for Hillman area properties. Members consistently praise their local decision-making process, transparent communication, and commitment to finding the right loan products for each borrower's unique situation.
Loan Types:
Mortgage Lending Department
Huntington Bank
Huntington Bank maintains a strong physical presence throughout Northern Michigan with multiple branches serving the Hillman area. Their mortgage team specializes in rural property financing and offers exclusive programs like the Huntington Five Star® Community Loan. With over 150 years of banking experience, they provide exceptional stability and local underwriting expertise. Customers consistently highlight their efficient processing, competitive rates for rural properties, and knowledgeable loan officers who understand the unique aspects of purchasing homes in smaller Michigan communities.
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Mortgage Broker Team
Great Lakes Mortgage Solutions
Great Lakes Mortgage Solutions is a highly-rated independent mortgage broker serving the entire Northern Michigan region, including Hillman. As brokers, they have access to multiple lenders and can shop rates on behalf of borrowers to find the most competitive terms. Their team specializes in rural property financing and has extensive experience with USDA loans, which are particularly valuable for Hillman area homebuyers. Customer reviews consistently praise their responsive communication, ability to handle complex scenarios, and dedication to securing the best possible mortgage terms for clients in smaller Michigan communities.
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Frequently Asked Questions
Common questions about mortgage lending in Hillman, MI
What are current mortgage rates like for homes in Hillman, MI?
Mortgage rates in Hillman typically align with national averages but can be slightly influenced by local market factors. For conventional 30-year fixed loans, rates generally range from 6.5% to 7.5% as of 2024, though rural properties might see slight variations. Working with a local lender familiar with Presque Isle and Montmorency counties can help secure competitive rates.
Are there any special mortgage programs for first-time homebuyers in Hillman?
Yes, Michigan State Housing Development Authority (MSHDA) programs are available to Hillman residents, offering down payment assistance and competitive rates. Additionally, USDA loans are particularly relevant for many properties in Hillman's rural areas, providing 100% financing options for eligible buyers in designated rural zones.
How does Hillman's rural location affect the mortgage process?
Hillman's rural classification can impact appraisals, as comparable properties might be limited and appraisers may need to travel further. USDA loans are widely applicable here, but some lenders might have stricter requirements for rural properties. Working with lenders experienced in rural Michigan markets is advisable for smoother processing.
What should I know about property taxes when getting a mortgage in Hillman?
Hillman property taxes in Montmorency County are relatively low compared to urban Michigan areas, typically around 1.2-1.5% of market value. Lenders will include these taxes in your monthly escrow payments, and the rural nature of the area means tax assessments may differ from more developed regions.
Are there local down payment assistance programs specific to Hillman homebuyers?
While no Hillman-specific programs exist, Montmorency County homebuyers can access MSHDA's Down Payment Assistance program, providing up to $10,000 in help. Some local credit unions and community banks may also offer special programs for buyers in Northeast Michigan, particularly for modest-income households purchasing in the area.
Why Choose a Mortgage Lender in Hillman?
Local Market Knowledge
Lenders who understand Hillman'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 Hillman and get competitive rates on your home loan.