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Mortgage · Royal Oak, MI

Mortgage lenders and home loans in Royal Oak, MI

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

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Homes for sale now
303
MLS and Zillow listings, for sale or pending
Median asking price
$359,500
Across the homes for sale now
Median sale price
$350,000
Homes sold in the last 12 months
Census median rent
$1,381
What renters here pay a month

The numbers for Royal Oak

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)

$12,300

On a $350,000 home, the local median sale

20% down (no mortgage insurance)

$70,000

On the same home

Closing costs, about 3%

$10,500

Paid at closing on top of the down payment

Homes for sale in Royal Oak

Every home for sale in Royal Oak

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

Local pros for mortgage in Royal Oak

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

Home Inspection near Royal Oak

Work with a local agent

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

Katherine Kutscher Real Estate One-Royal Oak Jacqueline Wilson Max Broock, REALTORS-Royal Oak Kory Stamper @properties Christie's Int'l R.E. Royal Oak Kelly McRee @properties Christie's Int'l R.E. Royal Oak Shane Atkinson @properties Christie's Int'l R.E. Royal Oak Jessica Garner @properties Christie's Int'l R.E. Royal Oak

Find an agent in Royal Oak

Mortgage nearby

Troy Southfield Birmingham Ferndale Berkley Madison Heights Hazel Park Clawson Huntington Woods Pleasant Ridge
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 Royal Oak 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 Royal Oak

Buying and renting in Royal Oak

Owning a home in Royal Oak

Near Royal Oak

Oakland County

Mortgage in Royal Oak FAQ

3 questions

How much do I need to buy in Royal Oak?
On the local median sale of $350,000, 3.5% down is $12,300 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.