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Mortgage · Novi, MI

Mortgage lenders and home loans in Novi, MI

What homes here cost, what a buyer needs to bring, and the local lenders who close here.

Get matched with a lender How mortgage works
Homes for sale now
144
MLS and Zillow listings, for sale or pending
Median asking price
$422,400
Across the homes for sale now
Median sale price
$400,000
Homes sold in the last 12 months
Census median rent
$1,747
What renters here pay a month

The numbers for Novi

Worked from the local figures above. Each one says what it assumes; your own numbers come from your lender, agent or title company.

3.5% down (FHA)

$14,000

On a $400,000 home, the local median sale

20% down (no mortgage insurance)

$80,000

On the same home

Closing costs, about 3%

$12,000

Paid at closing on top of the down payment

Homes for sale in Novi

Every home for sale in Novi

Homes for sale, up to 300. Zoom in for prices; tap a pin to open the home.

Local pros for mortgage in Novi

Ranked by the Rebuild Detroit grade: reviews, license, years in business and how close they are.

Home Inspection near Novi

Work with a local agent

A buyer's agent can set up showings, pull comps and negotiate for you.

Erin Galinac Real Broker, LLC - NOVI Megan Ransome EXP Realty, LLC - Novi Patricia Pam-Steel EXP Realty, LLC - Novi Karen Walls Real Broker, LLC - NOVI Crystal A Powers Real Broker, LLC - NOVI Christopher Makowski EXP Realty, LLC - Novi

Find an agent in Novi

Mortgage nearby

Northville Northville Township Farmington Hills West Bloomfield Wixom Walled Lake Commerce Lyon Township Novi Township Wolverine Lake
Tevin Jackson, founder of Rebuild Detroit

Who you are dealing with

Tevin Jackson, founder of Rebuild Detroit

Tevin Jackson founded Rebuild Detroit to put Metro Detroit's homes, numbers and local pros in one place you can trust. Every figure on this Novi page says where it comes from, and every pro listed is ranked the same way, by reviews, license and years in business.

  • Detroit real estate investor
  • Author of Against All Odds and The Spark
  • Helped scale 100+ home service brands
Call (888) 471-3135 About Tevin How we check every pro

Selling in Novi

Buying and renting in Novi

Owning a home in Novi

Near Novi

Oakland County

Mortgage in Novi FAQ

3 questions

How much do I need to buy in Novi?
On the local median sale of $400,000, 3.5% down is $14,000 and closing costs add about 3%.
Should I get pre-approved first?
Yes. Sellers here take an offer with a pre-approval letter far more seriously, and you will know your price before you tour.
Where do these numbers come from?
Census five-year estimates for the place, the MLS and Zillow listings and sales in the Rebuild Detroit homes index, and the Rebuild Detroit directory for the local pros.