Lansing has one of the top 10 housing markets in the nation, and average home values are expected to continue increasing over the next few years. If you’re looking to take advantage of the Lansing housing market, your two most important decisions are choosing a house and selecting a mortgage company to help you through the process. Our partners at ConsumerAffairs reviewed the best mortgage lenders in Lansing to help make your life easier.
One of the first steps in purchasing a home is to target one of the many diverse neighborhoods in Lansing. Whether you’re new to the area or looking for a new home in the city, some neighborhoods to consider would be the Westside Neighborhood, Greencroft Park or Old Oakland. This is not an exhaustive list—there are many good places to live in Greater Lansing, including:
Largely residential area that surrounds J.H Moores Park and Moores Park Outdoor pool, annual arts and music festival with porch performances
Family-friendly neighborhood made of 92 percent homeowners, high number of historic homes
While you’re looking for a house, you should also be looking at mortgage lenders to help you establish a budget and work out what type of mortgage will work best for you. Different loans may work better for you depending on your credit history and personal circumstances, and some loans may only be available if you’re looking to move into specific neighborhoods.
Some of the types of mortgages available to homebuyers in Lansing include:
Lower rates that can help you save money
Available with fixed or adjustable rates
Refinance options are available if interest rates decrease
Good credit score often required
Federal Housing Administration (FHA)
Flexible credit requirements
Low down payments (3.5%)
Financing options for up to 96.5% financing
Can have a cosigner
Ideal for first time home buyers and those with low credit scores
FHA 203 (K or H)
Can be used when a home is damaged or destroyed in a national emergency
House must have been in a designated disaster area
Intended for high-cost or luxury homes (more than $417,000)
Home must have high value
Veterans Affairs (VA)
Offers competitive interest rates
100% cash-out refinancing
No early payoff fees
Must be a member of the U.S. military, a veteran or a surviving spouse
USDA (U.S. Department of Agriculture)
No down payment required
Offers a fixed interest rate
No closing costs
For approved rural areas and must meet income eligibility requirements
A good mortgage lender in Lansing can talk with you about your situation and guide you to the mortgage that will suit you best.
AmeriSave offers an easy application process and believes in being transparent with their clients. Reviews from Lansing homebuyers recommend AmeriSave for their excellent customer service and say the company’s agents helped alleviate the stress of obtaining a mortgage.
HomeDirect is an internet-only mortgage lender that offers a variety of loan types to homebuyers. HomeDirect has received many positive reviews in Lansing, with customers saying the company’s employees are extremely professional, quick and courteous.
U.S. Capital Mortgage Partners
U.S. Capital Mortgage Partners offers a free consultation and online mortgage calculators. The company believes in establishing meaningful relationships with their clients to help them through the homebuying process. Homebuyers in Lansing rave about the attention and quality service they receive from the team at U.S. Capital Mortgage Partners.
Glacier Financial prides itself on taking care of its customers and providing tailored loan solutions. The company offers a variety of loan types to fit your needs. Lansing reviewers state that Glacier Financial provides the services expected from a larger mortgage company while still providing the attention expected from a small business.