30 Year Fixed
- 5.02 %
15 Year Fixed
- 4.49 %
1-Year ARM
- 3.93 %
5/1 ARM
- 4.19 %
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Mortgage Rates and Loans in Detroit, Michigan

Detroit is the largest city in Michigan. According to a 2007 census, Detroit was reported to have 916,952 residents, making it the country’s eleventh most populous city. The city is composed of 143 square miles.

There are several popular neighborhoods in the city. These include Eastern Market, New Center, and Midtown. Eastern Market attracts about 45,000 shoppers each Saturday. The New Center area and Midtown are centered and home to Henry Ford Hospital and Wayne State University. Museums and cultural centers in Midtown draw thousands of tourists each year.

Residents have a wide range of venues to go to at night for fun and recreation. DTE Energy Music Theatre and the Palace of Auburn Hills are two nationally prominent live music venues. There are several theatres in the area including the Fox Theatre, Gem Theatre, Detroit Opera House, and Orchestra Hall. Annual music festivals are huge in Detroit and bring in large audiences to the city. These include the Ford Detroit International Jazz Festival, the Motor City Music Conference (MC2), the Concert of Colors, and the hip-hop Summer Jamz festival.

Detroit’s economy is based in manufacturing. The city is home to the Big Three American automobile companies, General Motors, Ford, and Chrysler. Several Fortune 500 companies have their headquarters in Detroit. Casino gaming also plays an important economic role.

Public education in Detroit is managed by Detroit Public Schools (DPS). Consisting of 220 schools, DPS is the largest school district in Michigan. Notable colleges in the area include Wayne State University and the University of Michigan.

Sponsored Michigan Mortgage Companies
America One Finance
19966 Livernois Ave.
Detroit, Michigan 48221
(313) 345-3811
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Other Michigan Mortgage Companies
FOX HOME MORTGAGE LLC
12762 LITTLEFIELD ST
Detroit, Michigan 48227
MICHIGAN MORTGAGE SERVICE GROU
18011 STEEL ST
Detroit, Michigan 48235
UNITED MORTGAGE OF AMERICA
19754 JAMES COUZENS FWY
Detroit, Michigan 48235
VISION MORTGAGE NORTH
19759 JAMES COUZENS FWY
Detroit, Michigan 48235

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Michigan Housing Statistics
DetroitMichiganUSA
Total Housing352,2404,234,279121,699,874
Total Urban352,2403,055,25194,464,240
Total Rural01,179,02827,235,633
Occupied316,1903,785,661110,754,106
Vacant36,050448,61810,945,767
Owner Occupied173,3222,793,12473,306,541
Renter Occupied142,868992,53737,447,565
Vacant for Rent12,90572,8052,745,385
Vacant for Sale2,75844,2501,264,534
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