Mortgage Lenders in Troy, MI
Compare mortgage lenders in Troy. Review contact information and insurance categorys before you decide.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Michigan before hiring.
Showing 20 mortgage lenders in Troy, MI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a Mortgage Lender in Troy Cost?
Typical costs for a mortgage lender in Michigan include an origination fee of 0.5 percent to 1 percent of the loan amount. Appraisal fees range from 400 to 700 dollars. Title insurance and closing costs add 2 percent to 5 percent of the loan value. Costs vary by loan type and lender. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What license do mortgage lenders need in Michigan?
Mortgage lenders in Michigan must hold a license from the Department of Insurance and Financial Services DIFS. They also need to register with the Nationwide Multistate Licensing System NMLS. This ensures they follow state regulations.
How long does a mortgage loan process take in Michigan?
A typical mortgage loan in Michigan takes 30 to 45 days from application to closing. Factors like property appraisal and under review can affect the timeline. Michigan law requires a three day right of rescission for refinances.
What documents do I need to apply for a mortgage in Troy Michigan?
You will need proof of income like pay stubs and tax returns, bank statements, and identification. Michigan lenders also require a credit report and property details. Self employed borrowers may need additional financial records.