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Your Ann Arbor
Lender and Mortgage Resource
| Why Mortgage Lenders Plus? |
| Certified lenders compete for your loan and you compare and choose from multiple offers online! |
Trained consultants are available to assist you whenever you need them. Apply Today |
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Would you like to buy or refinance a home in Ann Arbor? You're going to need a home loan, or mortgage, to do that. Mortgage rates differ throughout the country; our Ann Arbor mortgage lenders strive to provide the best mortgage rates available in the Ann Arbor area. Back to Michigan Mortgage
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Search and Compare Mortgage Rates
The next step is hunting down the best mortgage for that Ann Arbor home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Ann Arbor lenders that will compete to provide a loan at the lowest rate, matching you with nearly 20 Ann Arbor mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.
How much of a Mortgage?
Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Ann Arbor mortgage payment was $1,704 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Ann Arbor home.
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Ann Arbor Mortgage Lenders
Ann Arbor is a major city in Michigan with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as:
Abn Amro Mortgage Group Inc.First Capital Mortgage Corp.Gmac Mortgage.Flagstar Bank Fsb.Shore Financial Services Inc.Washtenaw Mortgage Co..Republic Bank.Assurafirst Financial Company.Countrywide Home Loans Inc.Keybank National Association.
Ann Arbor Mortgage & Real Estate Market
In 2006 Ann Arbor housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Ann Arbor was $238,100. This number is big in comparison to the median home value back in 2000 of $181,400. Ann Arbor has a solid home ownership base with 50,400 houses and apartments and 42% of those are occupied by their owners. Despite the current market, historically Ann Arbor has been a city where people move, buy and stay - with 59% of homeowners currently paying off a mortgage. About 16% of the city's current homeowners are carrying a second mortgage or home equity loan.
| Cranbrook Loans |
41800 Hayes rd
Clinton Twp, MI
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Phone: 586-649-2286
Ask for: Azar Robert
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| Special Mortgage Programs |
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Cranbrook Mortgage Corporation is a Better Business Bureau listed company with twelve years experience. Call Toll Free at 877-LOAN-993 Ext: 2286. We offer debt consolidation refinance, rate reduction loans and Government insured loans including FHA Secure. We also refinance manufactured homes with no maximum acreage limit to qualifying applicants.
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Ann Arbor, MI Real Estate Market View
updated Saturday, May 17, 2008
| Housing |
Ann Arbor, MI |
United States |
| Home Appreciation |
2.70% |
9.80%
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| Homes Owned |
43.52% |
64.07%
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| Median Home Cost |
$295,700 |
$217,200
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| Homes Rented |
53.27% |
21.45%
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Popular Cities and Towns
| Location |
Population |
Median Family Income (2005) |
| Ann Arbor |
114,024 |
$46,299 |
| Canton |
76,366 |
$72,495 |
| Dearborn |
97,775 |
$44,560 |
| Detroit |
951,270 |
$29,526 |
| Farmington Hills |
82,111 |
$67,493 |
| Flint |
124,943 |
$28,015 |
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Ann Arbor Mortgage Statistics
| Category |
Value |
| Homes With No Mortgage |
25% |
| 2nd Mortgage or Home Equity |
16% |
| Second Mortgage Only |
4% |
| First Mortgage Only |
59% |
| Home Equity Loan Only |
12% |
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Additional Ann Arbor Lenders
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Abn Amro Mortgage Group Inc
6300 Interfirst Dr
Ann Arbor, MI 48108
(888)-226-4097
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First Capital Mortgage Corp
2144 South State Street Ste-b
Ann Arbor, MI 48104
(734)-821-0270
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Gmac Mortgage
2800 State Street, Suite 205
Ann Arbor, MI 48104
(734)-913-6055
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Flagstar Bank Fsb
4755 Washtenaw Avenue
Ann Arbor, MI 48108
(734)-434-6603
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Shore Financial Services Inc
3408 Washtenaw Ave
Ann Arbor, MI 48104
(734)-975-2300
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Washtenaw Mortgage Co.
3767 Ranchero Dr
Ann Arbor, MI 48108
734-205-1769
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Republic Bank
1919 West Stadium Ste.4
Ann Arbor, MI 48103
(734)-995-4499
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Assurafirst Financial Company
455 E Eisenhower Pkwy
Ann Arbor, MI 48108
(734)-222-7070
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Countrywide Home Loans Inc
2797 Oak Valley Drive
Ann Arbor, MI 48103
(734)-663-6767
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Keybank National Association
100 S Main Street
Ann Arbor, MI 48104
(216)-828-9956
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Ann Arbor Real Estate Agents
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Real Estate One
555 Briarwood Circle
Suite 100
Ann Arbor, MI 48108
(734)-645-3060
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Eric L. Davis, Attorney & Realtor
555 Briarwood Circle
Suite 100
Ann Arbor, MI 48108
(734)-709-9314
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0.035%
0.011%
Common Sense