The 2026 Homebuyer Playbook: What Michigan Buyers Need to Know
Mortgage 1
Buying a home in 2026 can feel complicated — rising costs, shifting interest rates, and a lot of mixed advice online can leave buyers unsure of where to start. At Mortgage 1, our goal is simple: make the mortgage process clear, honest, and manageable.
This playbook is designed to help Michigan buyers understand today’s market and move forward with confidence.
What the 2026 Michigan Housing Market Looks Like
Michigan’s housing market continues to vary by location. Some areas remain competitive with limited inventory, while others offer new opportunities for prepared buyers.
What we’re seeing:
- Well-priced homes are still moving quickly
- Sellers favor buyers who are fully pre-approved
- Flexibility in timelines and terms can make a big difference
The most successful buyers aren’t guessing — they’re prepared.
Interest Rates: Focus on Strategy, Not Headlines
Rates change. Headlines come and go. Your long-term plan matters most.
At Mortgage 1, we help buyers focus on:
- Monthly payment comfort
- Loan structure and flexibility
- Long-term financial goals
The “right” rate is the one that works for your situation today — with options for tomorrow.
Credit in 2026: What Lenders Are Looking For
You don’t need perfect credit to buy a home, but understanding your credit profile is essential.
Strong buyers typically:
- Review credit early in the process
- Avoid opening new accounts before closing
- Maintain consistent, on-time payments
If your credit needs improvement, our team can help you create a plan — whether that means buying now or preparing for a future purchase.
Down Payment Facts (Not Myths)
Many buyers still believe they need 20% down. In reality, there are many programs available with much lower down payment requirements.
Depending on your situation, you may qualify for:
- Low down payment options
- First-time buyer programs
- State or local assistance
Mortgage 1 helps buyers explore every option available to them.
Why Pre-Approval Matters More Than Ever
Pre-approval strengthens your offer and shows sellers you’re serious.
It helps you:
- Shop with confidence
- Move quickly when the right home appears
- Avoid last-minute surprises
A strong pre-approval is a key advantage in today’s market.
Mortgage 1 Insider Advice for Buyers
What we tell every client:
- Ask questions — we’re here to educate
- Choose clarity over pressure
- Think beyond closing day
- Work with a lender who puts your goals first
Buying a home should feel informed and supported — not rushed.
Start with a Trusted Mortgage Partner
At Mortgage 1, we’re committed to guiding Michigan buyers through every step of the process — from first questions to final closing and beyond.
Ready to start your homebuying journey?
Our team is here to help.