10 Best Michigan Mortgage Lenders of 2021

Why we like it

Pros

• Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary.

• Estimates the loan amount you’ll qualify for within minutes.

• Streamlines the online process with document and asset retrieval capabilities, including the ability to edit your preapproval letter.

Cons

• Getting a customized interest rate requires a credit check, which can affect your credit score.

• Doesn't offer home equity loans or lines of credit.

• Lender fees are on the high side and the fees aren't offset by particularly low mortgage rates, according to the latest data.

Why we like it

Pros

• Offers the ability to securely upload and digitally sign loan documents.

• Displays detailed sample rates for many of its refinance loan products.

Cons

• May charge an application fee.

Why we like it

Pros

• Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary.

• Estimates the loan amount you’ll qualify for within minutes.

• Streamlines the online process with document and asset retrieval capabilities, including the ability to edit your preapproval letter.

Cons

• Getting a customized interest rate requires a credit check, which can affect your credit score.

• Doesn't offer home equity loans or lines of credit.

• Lender fees are on the high side and the fees aren't offset by particularly low mortgage rates, according to the latest data.

Why we like it

Pros

• Offers down payment and closing cost assistance programs.

• May give existing customers a discount on mortgage lender origination fees.

• Offers home equity line of credit, or HELOC.

Cons

• Doesn't offer renovation loans that roll costs into a mortgage.

Why we like it

Pros

• Allows electronic submission and tracking of loan documents.

• Carries a wide variety of mortgage types and products.

• Generally offers competitive rates, according to the latest data.

Cons

• Doesn't offer home improvement loans, such as FHA 203(k) and HomeStyle.

• You have to speak with a home loan adviser to complete the application.

• Home equity lines of credit (HELOC) are currently unavailable.

Why we like it

Pros

• Offers digital income, asset and employment verification.

• Offers multiple renovation loan options.

• Has affiliated loan stores for customers who prefer face-to-face service.

Cons

• Mortgage rates aren't available online; you'll need to contact a loan officer.

• Does not offer home equity loans or lines of credit.

Why we like it

Pros

• Posts current mortgage rates on its website.

• Has an online application for mortgage preapproval and a digital tool to track application progress.

• Offers several affordable loan options, including FHA, VA, USDA and the PNC Community Loan.

Cons

• Doesn't offer renovation mortgages.

• In-person service is not available in every state.

Why we like it

Pros

• Offers a wide range of loan types and products, including FHA, VA and USDA.

• Has a full suite of online conveniences.

• Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.

Cons

• Home equity lending is geographically limited.

Why we like it

Pros

• Full online application includes document uploads and automated loan updates.

• Offers a "float-down" interest rate lock.

• Offers a proprietary closing-cost assistance program.

Cons

• No online mortgage rates — you have to contact the lender for info.

• Doesn't offer home equity products.

Why we like it

Pros

• VA loans are the bulk of USAA’s business, so it knows the ins and outs of eligibility.

• Lots of experience assisting first-time home buyers.

• You can submit loan documents online.

Cons

• Doesn’t offer FHA or USDA loans, or second mortgages.

• Limited mortgage rate information is on the USAA website, none of it customized. You'll have to call.