|
|
Your Rochester 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 |
|
|
|
Would you like to buy or refinance a home in Rochester Hills? You're going to need a home loan, or mortgage, to do that. Mortgage rates differ throughout the country; our Rochester Hills mortgage lenders strive to provide the best mortgage rates available in the Rochester Hills area. Back to Michigan Mortgage
|
|
Search and Compare Mortgage Rates
The next step is hunting down the best mortgage for that Rochester 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 Rochester Hills lenders that will compete to provide a loan at the lowest rate, matching you with nearly 5 Rochester 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 Rochester Hills mortgage payment was $1,820 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 Rochester Hills home.
|
Rochester Hills Mortgage Lenders
Rochester Hills is a major city in Michigan with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as:
Mortgage One Incorporated.Gmac Mortgage.Community Central Mortgage Co llc.Royal Mortgage Inc.Hamlin Mortgage Company.
Rochester Hills Mortgage & Real Estate Market
In 2006 Rochester Hills housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Rochester Hills was $272,300. This number is big in comparison to the median home value back in 2000 of $226,200. Rochester Hills has a solid home ownership base with 28,027 houses and apartments and 78% of those are occupied by their owners. Despite the current market, historically Rochester Hills has been a city where people move, buy and stay - with 63% of homeowners currently paying off a mortgage. About 21% of the city's current homeowners are carrying a second mortgage or home equity loan.
| Cranbrook Loans |
41800 Hayes rd
Clinton Twp, MI
|
Phone: 586-649-2286
Ask for: Azar Robert
|
| Special Mortgage Programs |
|
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.
|
|
|
|
Rochester Hills, MI Real Estate Market View
updated Friday, May 16, 2008
| Housing |
Rochester Hills, MI |
United States |
| Homes Owned |
76.65% |
64.07%
|
| Median Home Cost |
$313,200 |
$217,200
|
| Home Appreciation |
-0.40% |
9.80%
|
| Homes Rented |
19.88% |
21.45%
|
|
|
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 |
|
Rochester Hills Mortgage Statistics
| Category |
Value |
| Homes With No Mortgage |
16% |
| Second Mortgage Only |
5% |
| Home Equity Loan Only |
16% |
| First Mortgage Only |
63% |
| 2nd Mortgage or Home Equity |
21% |
|
Additional Rochester Hills Lenders
|
Mortgage One Incorporated
210 West Tienken Suite-206
Rochester Hills, MI 48306
(248)-652-2700
|
|
Gmac Mortgage
3208 Walton Blvd
Rochester Hills, MI 48309
(248)-375-3070
|
|
Community Central Mortgage Co llc
1467 North Rochester Road
Rochester Hills, MI 48307
(248)-601-0625
|
|
Royal Mortgage Inc
110 South Blvd W Ste 200
Rochester Hills, MI 48307
(248)-564-4400
|
|
Hamlin Mortgage Company
1673 Star Batt Dr
Rochester Hills, MI 48309
(248)-299-4411
|
|
|
|
|
|
0.035%
0.011%
Common Sense