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Your Troy
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 Troy? You're going to need a home loan, or mortgage, to do that. Mortgage rates differ throughout the country; our Troy mortgage lenders strive to provide the best mortgage rates available in the Troy 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 Troy 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 Troy lenders that will compete to provide a loan at the lowest rate, matching you with nearly 23 Troy 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 Troy mortgage payment was $1,709 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 Troy home.
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Troy Mortgage Lenders
Troy is a major city in Michigan with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as:
Great American Mortgage Corporation.Pinecrest Mortgage.First Capital Mortgage Corp.Rock Financial.Jpmorgan Chase Bank Na.Gmac Mortgage.Michigan X-Press Mortgage.Aegis Wholesale Corporation.Flagstar Bank Fsb.Wells Fargo Bank Na.
Troy Mortgage & Real Estate Market
In 2006 Troy housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Troy was $268,800. This number is big in comparison to the median home value back in 2000 of $219,800. Troy has a solid home ownership base with 33,172 houses and apartments and 75% of those are occupied by their owners. Despite the current market, historically Troy has been a city where people move, buy and stay - with 59% of homeowners currently paying off a mortgage. About 19% 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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Troy, MI Real Estate Market View
updated Saturday, May 17, 2008
| Housing |
Troy, MI |
United States |
| Homes Owned |
75.43% |
64.07%
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| Median Home Cost |
$310,400 |
$217,200
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| Home Appreciation |
-0.40% |
9.80%
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| Homes Rented |
21.87% |
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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Troy Mortgage Statistics
| Category |
Value |
| Homes With No Mortgage |
22% |
| Second Mortgage Only |
5% |
| Home Equity Loan Only |
14% |
| First Mortgage Only |
59% |
| 2nd Mortgage or Home Equity |
19% |
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Additional Troy Lenders
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Great American Mortgage Corporation
888 W. Big Beaver Rd. Suite 950
Troy, MI 48084
248-498-2537
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Pinecrest Mortgage
570 Kirts Blvd., Suite 211
Troy, MI 48084
248-816-2882
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First Capital Mortgage Corp
2115 Livernois Suite-200
Troy, MI 48083
(248)-244-2258
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Rock Financial
800 Tower Dr. Suite 200
Troy, MI 48098
248-312-1572
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Jpmorgan Chase Bank Na
1050 Wilshire Drive Ste 105
Troy, MI 48084
(248)-649-1062
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Gmac Mortgage
2600 Troy Center Drive, Suite 100
Troy, MI 48084
(248)-273-0700
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Michigan X-Press Mortgage
1156 Shallowdale Dr
Troy, MI 48085-4935
313-350-4620
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Aegis Wholesale Corporation
2701 Troy Center Drive Ste 460
Troy, MI 48084
(248)-244-7930
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Flagstar Bank Fsb
5151 Corporate Drive
Troy, MI 48098
(248)-312-2000
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Wells Fargo Bank Na
1000 W Maple Rd Ste 210
Troy, MI 48084
(248)-269-0400
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Troy Real Estate Agents
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Market Max America
4086 Rochester Rd
Suite 201
Troy, MI 48085-4945
(248)-680-1500
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Real Estate One
70 W. Long Lake Road
Troy, MI 48098
(877)-EZ2-LIST
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0.035%
0.011%
Common Sense