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Best Michigan Mortgage Lenders of 2019

Finding the Right Mortgage, Mortgages
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Michigan mortgage lenders fund home loans for a broad mix of buyers. Whether you’re a couple looking for a small coastal cottage on the Great Lakes or a growing family putting down roots in Detroit, Michigan offers some of the best lifestyles in the Midwest.

NerdWallet has researched the leading mortgage lenders in Michigan to create a go-to guide of the best in several borrower categories.

Best Michigan mortgage lenders for refinancing

These lenders have deep benches of mortgage experts who can deploy a variety of loan products to help you improve your mortgage rate or lower your payment.

4.5 NerdWallet rating
  • The online refinance process lets you choose what’s important to you: lower payments, a lower rate or a shorter term
  • The online application process takes about 15 minutes
  • You can earn a $250 fee credit for completing the digital mortgage application
  • Guaranteed Rate review

PNC Mortgage

3.5 NerdWallet rating
  • Home Insight Tracker allows you to manage your mortgage application through your phone, tablet or computer
  • A large menu of loan refinancing products
  • 2,600 retail banking branches and a network of retail mortgage offices across the country
  • PNC Mortgage review

Best Michigan mortgage lenders for first-time home buyers

Buying your first home requires a guiding hand, knowledgeable advice and the right loan. These lenders are among the best at all three.

4.5 NerdWallet rating
  • Helps borrowers find state bond programs for first-time home buyers and income-limited households
  • A substantial network of more than 1,000 brokers and agents across the nation
  • FHA loans and some entry-level conventional loans use a benchmark 620 or better FICO credit score
  • Flagstar Bank review
4.0 NerdWallet rating
  • Qualified customers may receive up to $2,000 in closing cost credits
  • Minimum credit score of 600 on FHA loans
  • Has a low ratio of consumer complaints registered with the Consumer Financial Protection Bureau
  • PrimeLending review

Best Michigan mortgage lenders for online experience

Getting a mortgage online or with a smartphone app is easier than ever. These lenders are leaders in mortgage process technology.

4.5 NerdWallet rating
  • A fully online mortgage loan process
  • Employment and asset verification can be completed online
  • Loan decisions are generated within minutes
  • Rocket Mortgage review
4.5 NerdWallet rating
  • Continuing technology upgrades are improving the customer experience
  • A rate comparison page offers head-to-head shopping with competitors
  • 180 affiliated loan stores nationwide for face-to-face assistance
  • LoanDepot review

Best Michigan mortgage lenders for government mortgages

Not every lender deals in government-backed loans like FHA, VA and USDA mortgages. We’ve found a couple best-rated lenders that embrace them.

3.5 NerdWallet rating
  • Nearly two-thirds of its loans are backed by the VA
  • Minimum credit score 620
  • Highly rated for customer service
  • USAA Mortgage Loans review
Quicken Loans
4.5 NerdWallet rating
  • The largest Federal Housing Administration lender in the nation
  • Also the largest lender in Michigan, based on loan origination volume
  • Tells you the loan amount you’ll qualify for within minutes
  • Quicken Loans review

Best Michigan mortgage lenders for home equity borrowers

Accessing your home’s value without selling it can unlock tremendous financial flexibility. These lenders are highly rated for Michigan borrowers.

3.5 NerdWallet rating
  • Chase’s home equity line of credit comes with a fixed-rate option that can cover up to 20 years of the repayment period
  • Offers electronic submission and tracking of documents
  • Discounts available for existing Chase customers
  • Chase Mortgage review
4.0 NerdWallet rating
  • Has a wide array of home equity products to meet virtually any financial need
  • Home Loan Navigator, an online mortgage portal, allows you to stay plugged in throughout the lending process
  • Existing bank customers might qualify for a reduction in fees
  • Bank of America mortgage review

Best Michigan mortgage lenders: summary

More from NerdWallet
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NerdWallet’s selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.