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Dearborn Heights

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Whether you are a first time home buyer or trading up to a larger home, we work to find the best home loan solution for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For Dearborn Heights Home Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a mortgage lender in Dearborn Heights, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify.

Dearborn Heights Michigan Overview & Statistics

Dearborn Heights Overview

As of 2007, Dearborn Heights' population is 55,278 people. Since 2000, it has had a population growth of -5.12 percent.

The median home cost in Dearborn Heights is $137,300. Home appreciation the last year has been 0.09 percent.

Compared to the rest of the country, Dearborn Heights' cost of living is 18.20% Lower than the U.S. average.

Dearborn Heights public schools spend $6,299 per student. The average school expenditure in the U.S. is $6,058. There are about 21 students per teacher in Dearborn Heights.

The unemployment rate in Dearborn Heights is 4.50 percent (U.S. avg. is 4.60%). Recent job growth is Negative. Dearborn Heights jobs have Decreased by 0.02 percent.

Dearborn Heights Climate

Dearborn Heights, MI, gets 32 inches of rain per year. The US average is 37. Snowfall is 30 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 112.

On average, there are 178 sunny days per year in Dearborn Heights, MI. The July high is around 85 degrees. The January low is 17. Our comfort index, which is based on humidity during the hot months, is a 49 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Dearborn Heights Housing

The median home value in Dearborn Heights, MI, is $137,300. Home appreciation is 0.09% over the last year. The median age of Dearborn Heights, MI, real estate is 47 years.

Dearborn Heights, MI Apartments and Rentals

Renters make up 14.22% of the Dearborn Heights, MI, population. 2.74% of houses and apartments in Dearborn Heights, MI, are unoccupied (vacancy rate).

Dearborn Heights Crime

Dearborn Heights, MI, violent crime, on a scale from 1 (low crime) to 10, is 5. Violent crime is composed of four offenses: murder and non-negligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Dearborn Heights, MI, property crime, on a scale from 1 (low) to 10, is 6. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.

For related resources see also:

www.dhol.org

Dearborn Heights Real Estate Agents

Michigan First Time Home Buyers Grants

Michigan First Time Home Buyer Programs

Michigan Home Mortgage Loans

 


   
Housing Not Yet At Bottom
 Real Estate continues to lose value. One expert predicted the subprime financial crisis in 2008 and is now calling for an Economic Depression in 2011 -2012. Learn how he is helping others protect and greatly increase their wealth in spite of the financial crisis. Read more>>>

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