The Best Mortgage Lenders in South Boardman, MI
Compare verified mortgage lenders serving South Boardman, Michigan. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in South Boardman
Featured Mortgage Lenders
Justin Korson
Cherryland Mortgage
Cherryland Mortgage is one of Northern Michigan's most trusted mortgage lenders with deep roots in the region. Located just 30 minutes from South Boardman in Traverse City, they specialize in serving rural communities throughout Kalkaska County and surrounding areas. Their high 4.9 rating reflects exceptional customer service and local expertise in USDA loans which are particularly relevant for South Boardman's rural character. As a locally-owned company with over 25 years in business, they understand the unique aspects of Northern Michigan real estate and offer personalized service with competitive rates.
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Matt Lychwick
Honor Bank Mortgage
Honor Bank has been serving Northern Michigan communities for over a century and maintains a strong presence in Kalkaska County, including South Boardman. Their mortgage department receives consistent praise for local decision-making and community-focused lending. With a 4.8 rating from substantial customer reviews, they excel at construction loans and rural property financing. Their long history in the region ensures deep understanding of local market conditions and reliable service for South Boardman residents seeking personalized mortgage solutions.
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Michael DeShano
DeShano & Company Mortgage
DeShano & Company is a highly-rated mortgage broker serving all of Northern Michigan, including South Boardman and Kalkaska County. With nearly 20 years of experience, they've built an outstanding reputation for finding the best loan products and rates from multiple lenders. Their 4.9 rating reflects exceptional customer satisfaction and expertise in rural financing options. As a local broker, they offer personalized service and access to a wide range of loan programs, making them particularly valuable for South Boardman residents seeking competitive mortgage solutions with local expertise.
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Frequently Asked Questions
Common questions about mortgage lending in South Boardman, MI
What are the current average mortgage rates for homebuyers in South Boardman, MI?
Mortgage rates in South Boardman typically align with national averages but can be slightly influenced by local market conditions. Currently, 30-year fixed rates generally range from 6.5% to 7.25%, though rural properties may see slight variations. It's best to check with local lenders like Kalkaska County credit unions for the most accurate, personalized rates.
Are there any special mortgage programs for first-time homebuyers in South Boardman?
Yes, the Michigan State Housing Development Authority (MSHDA) offers down payment assistance and favorable loan terms for first-time buyers in South Boardman. Additionally, some local programs through Northern Michigan lenders may provide special incentives for purchasing in Kalkaska County, helping with closing costs or lower interest rates for qualifying buyers.
How does South Boardman's rural location affect the mortgage approval process?
South Boardman's rural classification can impact appraisals, as comparable properties may be limited and require appraisers familiar with Kalkaska County's market. Some lenders might have stricter requirements for rural properties, so working with local banks or credit unions experienced in the area can streamline the process and address unique rural property considerations.
What types of properties in South Boardman might qualify for USDA rural development loans?
Most properties in South Boardman qualify for USDA loans due to its rural designation, including single-family homes on larger lots. These zero-down-payment loans are ideal for moderate-income buyers looking at primary residences in Kalkaska County, but the property must meet USDA eligibility standards for safety and value.
Are property taxes in South Boardman typically included in mortgage escrow accounts?
Yes, most lenders in South Boardman include Kalkaska County property taxes in escrow accounts as part of your monthly mortgage payment. Property taxes here are generally lower than urban areas, but your lender will calculate and collect 1/12 of the annual tax bill each month, then pay the county directly when taxes are due.
Nearby Cities
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Why Choose a Mortgage Lender in South Boardman?
Local Market Knowledge
Lenders who understand South Boardman'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 South Boardman and get competitive rates on your home loan.