The Best Mortgage Lenders in Howell, MI
Compare verified mortgage lenders serving Howell, Michigan. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Howell
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage stands out as one of Howell's highest-rated mortgage lenders with exceptional customer satisfaction ratings. Their local Howell office provides personalized service with access to a wide range of loan products and competitive rates. They specialize in guiding first-time homebuyers through the entire process while offering digital mortgage solutions for convenience. Their team has deep knowledge of the Livingston County real estate market and maintains strong relationships with local real estate professionals.
Loan Types:
Lake Michigan Credit Union
Lake Michigan Credit Union
As one of Michigan's largest and most trusted credit unions, Lake Michigan Credit Union serves the Howell area through their nearby Brighton branch with excellent mortgage services. They offer competitive rates for members and non-members alike, with particular strength in first-time homebuyer programs and construction loans. Their long-standing community presence and member-focused approach result in high customer satisfaction ratings and personalized service for Livingston County residents.
Loan Types:
University Bank
University Bank
University Bank has built an outstanding reputation throughout Southeast Michigan, including strong service in the Howell area. They are particularly noted for their portfolio lending capabilities and flexible underwriting for unique financial situations. With decades of experience and deep roots in Michigan communities, they offer both traditional and innovative mortgage solutions. Their high customer satisfaction ratings reflect their commitment to transparent processes and competitive pricing throughout Livingston County.
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Frequently Asked Questions
Common questions about mortgage lending in Howell, MI
What are the current average mortgage rates for homebuyers in Howell, MI?
Mortgage rates in Howell typically align with national averages but can vary based on local lender competition and property types. As of recent data, 30-year fixed rates in Livingston County generally range from 6.5% to 7.5%, though rates for Howell's historic district properties might carry slight premiums due to unique insurance requirements. It's best to compare offers from both local Howell credit unions and national lenders for the most competitive rates.
Are there any special first-time homebuyer programs available specifically for Howell residents?
Yes, Howell homebuyers can access the Michigan State Housing Development Authority (MSHDA) loan programs, which offer down payment assistance and competitive rates. Additionally, Livingston County offers local programs through organizations like Habitat for Humanity of Livingston County, and some Howell employers provide employer-assisted housing benefits. These programs are particularly valuable given Howell's median home prices being slightly above state averages.
How does Howell's historic district affect mortgage lending requirements?
Purchasing in Howell's designated historic district may require additional documentation and specialized appraisals to account for preservation requirements and unique architectural features. Lenders might require higher insurance coverage for historic materials and craftsmanship, and some renovation loans like the FHA 203(k) may have additional restrictions. It's crucial to work with lenders experienced with historic properties in Livingston County.
What unique closing costs should Howell homebuyers anticipate?
Howell homebuyers should budget for typical Michigan closing costs plus some local specifics, including Livingston County transfer taxes, Howell city inspection fees, and potential well/septic certifications for rural properties surrounding the city. Properties in Howell's flood-prone areas near the Shiawassee River may require additional flood certifications and insurance, adding to closing expenses.
How does Howell's competitive housing market impact mortgage pre-approval strategies?
Given Howell's relatively tight housing inventory and competitive market, having a strong pre-approval from a reputable local lender is essential. Many Howell sellers prefer buyers using local lenders who understand the area's appraisal challenges and can close quickly. Consider getting pre-approved for slightly above your target price range to remain competitive in multiple-offer situations common in Howell's desirable neighborhoods.
Why Choose a Mortgage Lender in Howell?
Local Market Knowledge
Lenders who understand Howell'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 Howell and get competitive rates on your home loan.