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For most people, finding the right home in Ann Arbor, Michigan is just the first step. Finding the right financing to buy a home is essential to make the home purchase occur! A home buyer has a choice of local mortgage lenders and national lenders advertising on the Web. Many home buyers find that using local Ann Arbor, Michigan lenders (with rates very comparable to online mortgage brokers) help ease some of the stress of moving. Home buyers have more personal service, and the mortgage companies have a better relationship with appraisers and other real estate professionals. Ask about adjustable rate loans if you are guaranteed to be relocated out of Ann Arbor within the next 5 years. I had a friend who found a 40 year adjustable with 5 year fixed rate. He knew that he had guaranteed relocation buy-out at the end of his assignment so he wasn’t worried about building equity. He ended up paying less than half in a mortgage payment than he would have paid in rent! Short on cash? There are many mortgage lenders in Ann Arbor that now offer 100% financing – no down payment certainly helps keep moving expenses down!
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Ann Arbor is a city in the U.S. state of Michigan and the county seat of Washtenaw County. As of the 2000 census, the city had a total population of 114,024. Supposedly named for the spouses of the city's founders and for the stands of trees in the area, Ann Arbor is best known as the location of the main campus of the University of Michigan, which moved there from Detroit in 1837. The city's economy, which was once noted for production of agricultural implements, carriages, furniture, pianos and organs, pottery, and flour, is now dominated by education, high-tech, and biotechnology. Average home prices and property taxes are well above the state and national medians. The city is also well known locally as a destination for dining out and entertainment, as it contains a wide and eclectic variety of restaurants and performance venues. -- Source: Wikipedia.com
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Census Data for Ann Arbor, Michigan
| Ann Arbor | Michigan | United States | |
| Population | 114,024 | 9,938,444 | 281,421,906 |
| Median age | 28.1 | 35.5 | 35.3 |
| Median age for Male | 27.4 | 34.3 | 34 |
| Median age for Female | 29 | 36.6 | 36.5 |
| Households | 45,693 | 3,785,661 | 105,480,101 |
| Household population | 101,635 | 9,688,555 | 273,643,273 |
| Average household size | 2.22 | 2.56 | 2.59 |
| Families | 21,708 | 2,575,699 | 71,787,347 |
| Average family size | 2.9 | 3.1 | 3.14 |
| Housing units | 47,218 | 4,234,279 | 115,904,641 |
| Occupied units | 45,693 | 3,785,661 | 105,480,101 |
| Vacant units | 1,525 | 448,618 | 10,424,540 |
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