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Your Farmington Hills
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 Farmington Hills? You're going to need a home loan, or mortgage, to do that. Mortgage rates differ throughout the country; our Farmington Hills mortgage lenders strive to provide the best mortgage rates available in the Farmington Hills 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 Farmington Hills 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 Farmington Hills lenders that will compete to provide a loan at the lowest rate, matching you with nearly 28 Farmington Hills 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 Farmington Hills mortgage payment was $1,780 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 Farmington Hills home.
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Farmington Hills Mortgage Lenders
Farmington Hills is a major city in Michigan with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as:
Security Mortgage Corporation.Shelter Mortgage Company llc.Van Dyk Mortgage Corporation.Wells Fargo Home Mortgage.Global Mortgage Inc.American Home Mortgage Corp.Providential Bancorp Ltd.Flagstar Bank Fsb.Mms Mortgage Services Ltd.Westminster Mortgage Corp.
Farmington Hills Mortgage & Real Estate Market
In 2006 Farmington Hills housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Farmington Hills was $274,100. This number is big in comparison to the median home value back in 2000 of $227,300. Farmington Hills has a solid home ownership base with 36,198 houses and apartments and 62% of those are occupied by their owners. Despite the current market, historically Farmington Hills has been a city where people move, buy and stay - with 60% of homeowners currently paying off a mortgage. About 18% 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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Farmington Hills, MI Real Estate Market View
updated Friday, May 16, 2008
| Housing |
Farmington Hills, MI |
United States |
| Home Appreciation |
-0.40% |
9.80%
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| Homes Owned |
64.56% |
64.07%
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| Median Home Cost |
$314,600 |
$217,200
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| Homes Rented |
31.77% |
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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Farmington Hills Mortgage Statistics
| Category |
Value |
| Homes With No Mortgage |
21% |
| 2nd Mortgage or Home Equity |
18% |
| Second Mortgage Only |
4% |
| First Mortgage Only |
60% |
| Home Equity Loan Only |
14% |
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Additional Farmington Hills Lenders
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Security Mortgage Corporation
34705 W Twelve Mile Rd Ste 327
Farmington Hills, MI 48331
(248)-848-0999
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Shelter Mortgage Company llc
30777 Northwestern Hwy Ste 301
Farmington Hills, MI 48334
(248)-217-4204
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Van Dyk Mortgage Corporation
30600 Northwestern Hwy Ste 400
Farmington Hills, MI 48334
(248)-851-6400
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Wells Fargo Home Mortgage
32300 Northwestern Hwy #115
Farmington Hills, MI 48334
1-866-875-7612 Ext:1438
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Global Mortgage Inc
20853 Farmington Road Ste 104
Farmington Hills, MI 48336
(248)-476-8378
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American Home Mortgage Corp
33481 W 14 Mile Rd
Farmington Hills, MI 48331
(866)-805-6300
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Providential Bancorp Ltd
39300 West Twelve Mile Road
Farmington Hills, MI 48331
(248)-536-6292
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Flagstar Bank Fsb
28592 Orchard Lake Rd #300
Farmington Hills, MI 48334
(248)-932-9350
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Mms Mortgage Services Ltd
38275 12 Mile Rd. Suite 100
Farmington Hills, MI 48331
(248)-788-0800
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Westminster Mortgage Corp
30500 Northwestern Hwy Ste 400
Farmington Hills, MI 48334
(248)-865-2177
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Farmington Hills Real Estate Agents
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HomeCupid Team c/o RE/MAX Classic Realtors
29630 Orchard Lake Rd.
Farmington Hills, MI 48334
(248)-737-6800
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0.035%
0.011%
Common Sense