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Sterling 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 Sterling 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 Sterling 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.

Sterling Heights Michigan Overview & Statistics

Sterling Heights Overview

As of 2007, Sterling Heights's population is 127,991 people. Since 2000, it has had a population growth of 2.83 percent.

The median home cost in Sterling Heights is $213,400. Home appreciation the last year has been -0.30 percent.

Compared to the rest of the country, Sterling Heights's cost of living is 11.37% Lower than the U.S. average.

Sterling Heights public schools spend $7,172 per student. The average school expenditure in the U.S. is $6,058. There are about 19 students per teacher in Sterling Heights.

The unemployment rate in Sterling Heights is 5.20 percent (U.S. avg. is 4.60%). Recent job growth is Negative. Sterling Heights jobs have Decreased by 0.26 percent.

Sterling Heights Climate

Sterling Heights, MI, gets 29 inches of rain per year. The US average is 37. Snowfall is 34 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 127.

On average, there are 180 sunny days per year in Sterling Heights, MI. The July high is around 82 degrees. The January low is 17. Our comfort index, which is based on humidity during the hot months, is a 51 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Sterling Heights Housing

The median home value in Sterling Heights, MI, is $213,400. Home appreciation is -0.30% over the last year. The median age of Sterling Heights, MI, real estate is 29 years.

Sterling Heights, MI Apartments and Rentals

Renters make up 20.40% of the Sterling Heights, MI, population. 2.59% of houses and apartments in Sterling Heights, MI, are unoccupied (vacancy rate).

Sterling Heights Crime

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

Sterling Heights, MI, property crime, on a scale from 1 (low) to 10, is 4. 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.sterling-heights.net

Sterling 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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