Madison Heights Michigan Mortgage Broker — 25+ Years of Trusted Lending
Edward Kalavitz | NMLS #138424 | Serving Madison Heights, Oakland County & All 83 Michigan Counties
Edward Kalavitz · MLO NMLS #138424 · Private Mortgage Guarantee LLC · Serving Madison Heights, Oakland County & all 83 Michigan counties
In This Guide
- Today’s Rates in Madison Heights
- Michigan Mortgage Advisor
- Meet Your Madison Heights Mortgage Broker
- About Madison Heights, Michigan
- Neighborhoods & Subdivisions
- Property Types
- Schools & Education
- Cost of Living & Taxes
- Market Trends
- Mortgage Options in Madison Heights
- Buying in Madison Heights
- Selling in Madison Heights
- Why Choose Edward
- Edward’s Local Take
- Watch: Meet Edward
- Nearby Cities
- Google Reviews
- Madison Heights FAQ
- Available Hours
Mortgage Rates in Madison Heights
Competitive pricing personalized to your scenario. Rates shown reflect 740+ credit, 30-year fixed terms unless noted.
Purchase Loans
Conventional Purchase
15-Year Conventional
FHA 30-Year Purchase
VA 30-Year Purchase
USDA Purchase & Refinance
USDA 30-Year Purchase
FHA Streamline Refi
Conventional Refinance
Jumbo & High-Balance
Jumbo / High-Balance
Get Your Madison Heights Rate in Writing
The rates above are today’s pricing at a 740 score. Your broker will quote your actual scenario — your credit, your down payment, your address — usually the same business day.
Not Sure Which Loan You Qualify For?
See the rates. Not sure which loan fits your situation? The Michigan Mortgage Advisor answers that in 60 seconds — analyzing your credit, down payment, and goals to recommend the best loan program and show you your real monthly payment on Madison Heights Michigan real estate.
- Instant loan-type recommendation — FHA, VA, USDA, or Conventional
- Live rate and APR for your exact scenario
- Michigan-specific closing cost estimate
- No credit check required to start
Best loan for you: FHA
3.5% down
~$1,830/mo principal + interest
Your actual recommendation is calculated live based on your inputs.
Meet Your mortgage expert
When Oakland County buyers want expert lending guidance and a responsive professional who truly understands Michigan’s residential market, they turn to Edward Kalavitz — your local loan expert with over 25 years of mortgage and real estate expertise. Madison Heights, Michigan is a Oakland County community where average home prices of about $389,611 sit 9.9% above the Michigan statewide average — creating a compelling opportunity for buyers across a wide range of financial profiles.
As both a licensed mortgage broker and Michigan realtor, Edward delivers a seamless dual-service advantage — one professional handles both your financing strategy and your real estate guidance from pre-approval through closing day.
Conventional financing is the featured primary program at Madison Heights’s average of about $389,611 — down payments starting at 3-5% (about $11,688–$19,481) and the most flexible long-term structure for buyers with solid credit. FHA provides the credit-accessible alternative with just 3.5% down (about $13,636) for buyers earlier in their financial journey.
USDA rural development zero-down financing may also be available for some Madison Heights-area addresses verifies USDA eligibility for any address at no cost during the initial consultation.
With 27 homes sold in six months and a 22-day average market time, Madison Heights gives buyers meaningful time to evaluate properties carefully. Your loan officer typically has pre-approval letters ready within 24 hours.
Edward Kalavitz is available seven days a week including every holiday — weekdays 8 AM–8 PM and weekends 9 AM–8 PM. Call (616) 633-3692 anytime.
Edward Kalavitz holds both a mortgage broker license (NMLS #138424) and Michigan realtor license (#6501386956). As your local mortgage expert, Edward delivers Conventional + FHA lending expertise alongside dual financing and real estate guidance. 25+ years of Oakland County market knowledge and 7-day availability including all holidays.
Madison Heights Michigan Mortgage Broker — First-Time Homebuyer Guide
With conventional financing starting at 3% down and FHA requiring about $13,636 at Madison Heights’s average of about $389,611 — 9.9% above the Michigan statewide average — Madison Heights offers strong value for first-time buyers. Your broker has guided hundreds of first-time buyers over 25+ years.
Your mortgage expert evaluates conventional and FHA side by side to identify the program delivering the best combination of upfront cost, monthly payment, and long-term structure. Michigan down payment assistance programs may further reduce upfront costs. Call Edward at (616) 633-3692 — pre-approval letters are typically ready within 24 hours.
Financing note: Your local loan expert lends across every one of these neighbourhoods, and as your local mortgage expert, Edward can pre-approve you before you start touring.
About Madison Heights, Michigan
Madison Heights is an inner-ring Detroit suburb in Oakland County, roughly 12 miles north of downtown Detroit and home to about 28,468 residents at the 2020 census. The city spans 7.2 square miles between I-75 to the west and I-696 along its southern edge, sharing borders with Troy, Royal Oak, Hazel Park, and Warren. ZIP code 48071 covers the full municipality, and the eastern boundary along Dequindre Road also marks the line between Oakland and Macomb counties. Edward can explain how underwriting treats this.
The community began as part of Royal Oak Township and incorporated as a city by popular vote on January 17, 1955, with its charter following on December 6 that same year. At incorporation it became the tenth city government in southern Oakland County and, at 7.2 square miles, one of the larger suburban communities in the Metro Detroit area. The original city hall operated out of the former township offices at 26305 John R Road. A new municipal building at 300 West Thirteen Mile Road was dedicated on April 5, 1963 and remains the seat of city government. Ask your loan officer what documentation this will require.
Although roughly 91% of buildings in the city are single-family homes or condominiums — about 9,800 residential property owners — roughly 60% of the local tax base is fueled by light industrial and commercial property. That balance produces a residential community supported by a strong non-residential tax footprint, with the John R Road and Stephenson Highway corridors carrying much of the commercial activity. Direct access to I-75 and I-696 places the area within a short drive of Detroit-metro employment, Troy office parks to the north, and the Warren industrial base to the east. Edward Kalavitz can tell you if this affects your timeline at all.
Neighborhood Guide · Madison Heights, MI
Madison Heights Neighborhoods
The city covers 7.2 square miles bounded by Troy, Royal Oak, Hazel Park, and Warren. Roughly 91% of buildings are single-family homes or condominiums, and the residential fabric is organized around two school districts and two commercial corridors. The six areas below capture how buyers typically frame their search.
John R Road Corridor
John R Road runs north-south through the eastern half of the city and historically housed the original city hall at 26305 John R Road before the 1963 move to Thirteen Mile Road. Residential blocks tuck one or two streets off the corridor, with the road itself carrying mid-century commercial frontage. Inventory is mostly post-war single-family on compact lots. As your local mortgage expert, Edward keeps the lending and the buying on one schedule.
Walkability: Drive-oriented, with walkable retail clusters and bus service along the corridor. Your broker can confirm the current figure rather than an estimate.
Buyer fit: Common among buyers who want quick access to retail and dining, value the original civic spine, and prefer shorter drives to Royal Oak and Hazel Park. Bring your questions on this to your mortgage expert early in the process.
Stephenson Highway Corridor
Stephenson Highway parallels I-75 along the western edge and carries a heavier concentration of light industrial and commercial parcels — a meaningful contributor to the 60% non-residential tax base. Residential streets sit slightly inland, sheltered from highway noise by the commercial buffer. Housing stock leans post-war single-family with some newer infill near the freeway interchanges. Your local loan expert can show you the difference in real dollars.
Walkability: Drive-oriented; the corridor exists for freeway access and commercial use. Ask Edward which loan programs treat this most favourably.
Buyer fit: Common among buyers who prioritize the fastest I-75 on-ramp, commute to Troy/Auburn Hills or Detroit, and accept a commercial-adjacent setting for drive time saved. Your loan officer can tell you what a seller is likely to accept here.
Lamphere Public Schools Area
Residential blocks served by Lamphere Public Schools, which operates Lamphere High School. The district covers a defined portion of the municipal footprint and draws buyers focused on specific district assignment. Housing is dominated by 1950s and 1960s single-family construction on platted suburban lots, with sidewalks running through most subdivisions. As your local mortgage expert, Edward can answer this without a referral.
Walkability: Sidewalks throughout subdivisions; walkable to neighborhood schools and parks. Edward Kalavitz can check this against today’s guidelines.
Buyer fit: Common among families who specifically want Lamphere assignment, buyers comparing the two district options, and households that value a smaller-district community. This is a question for your broker before you start looking.
Madison District Public Schools Area
Residential blocks served by Madison District Public Schools, which operates Madison High School. The district covers the remainder of the city not served by Lamphere, and the boundary cuts through residential blocks so address-by-address verification is essential. Housing mirrors the broader local stock — post-war single-family on compact lots with sidewalks and modest yards. Your mortgage expert can tell you how much room this leaves you.
Walkability: Sidewalks throughout subdivisions; walkable to neighborhood schools. Ask your local loan expert to sanity-check the numbers you have been quoted.
Buyer fit: Common among families who want Madison District assignment, buyers comparing the two options, and households drawn to the price points of this section. Edward can confirm what a lender will need to see.
I-696 / I-75 Corridor
The southwest corner sits at the junction of I-696 and I-75, a major Detroit-metro freeway interchange shared with Royal Oak and Hazel Park. Residential blocks here trade some noise exposure for the shortest drive to either freeway. Housing is overwhelmingly post-war single-family; lots are compact, and the location places downtown Detroit roughly 12 miles south. As your local mortgage expert, Edward reviews this with every buyer.
Walkability: Drive-oriented; the appeal is freeway access, though sidewalks run through the blocks. Your loan officer can tell you whether waiting changes anything.
Buyer fit: Common among commuters who measure success in minutes saved — Detroit professionals, healthcare workers heading to Beaumont Royal Oak, and dual-income households needing I-696. Worth asking Edward Kalavitz how this fits your down payment plan.
Greater Madison Heights Residential
The broad fabric of single-family blocks making up the bulk of the local housing stock. With roughly 9,800 residential property owners across 7.2 square miles, density is meaningful but not urban. Lots are compact, garages are usually one-car, and most blocks have sidewalks. Inventory turns over steadily as longtime owners move on. Your broker can put a real figure to this rather than a range.
Walkability: Walkable within the blocks; drive-oriented for shopping and freeway access. Ask your mortgage expert what this looks like on a monthly basis.
Buyer fit: Common among first-time buyers entering Oakland County under the Royal Oak or Berkley price tag, downsizers staying close to family, and investors looking at modest rental opportunities. Your local loan expert can tell you if this is worth structuring differently.
Financing note: Value varies block by block here, and Edward prices the specific address rather than the postcode. Ask your loan officer which pockets appraise most consistently.
Property Types in Madison Heights
Single-Family Homes
Single-family homes make up the core of the local inventory, reflecting the roughly 91% of buildings that are houses or condominiums across the 9,800-owner residential base. Stock leans heavily post-war, built out following the 1955 incorporation, with compact lots, garages, and the platted-suburban-grid layout typical of Oakland County mid-century construction. Pricing typically runs the lower $200s to the lower $400s, with district assignment and corridor proximity moving individual homes within that band. As your local mortgage expert, Edward will tell you plainly if it does not work.
Condos & Townhouses
Condominium and townhouse inventory adds an accessible entry point for first-time buyers, downsizers, and investors. Units cluster around the commercial corridors and near the freeway interchange, with monthly dues that typically cover exterior maintenance, landscaping, and snow. Pricing usually runs the upper $100s to lower $300s — meaningfully below the single-family threshold for buyers focused on monthly cost rather than yard space. Edward Kalavitz can identify this before it becomes a condition.
New Construction
New-construction activity is modest and primarily infill — tear-down-and-rebuild on existing lots, occasional small-builder projects, and a limited number of new condominium units. With 7.2 square miles essentially built out since the post-war era, large new subdivisions are not part of the local picture. Buyers wanting brand-new typically expand the search to Troy, Sterling Heights, or Auburn Hills. Ask your broker to review this alongside your credit profile.
Investment Properties
The rental market is supported by Detroit-metro workforce demand, healthcare and education employment in the surrounding ring, and strong freeway access. Single-family rentals and small multi-unit buildings trade at price points that pencil more cleanly than higher-priced Oakland County neighbors. Investors should underwrite carefully — mid-century stock needs reserves for roofs, furnaces, and service lines, and the dual-district overlay shapes tenant demand block-by-block. Your mortgage expert can tell you how sellers here typically handle it.
Waterfront Homes
The city is inland with no meaningful waterfront inventory — no major lake frontage and no riverfront residential stock. Buyers wanting waterfront in Oakland County typically look north to the chain-of-lakes communities or to West Bloomfield, Orchard Lake, and the surrounding lake belt. For households who want lake access on weekends but stronger schools, commute, and price points day-to-day, this becomes a home base rather than a destination. This is where having a Madison Heights Michigan mortgage broker who knows the area helps.
Luxury Homes
Higher-end inventory concentrates on larger-parcel residential, updated mid-century homes with deeper renovations, and the occasional infill new build. The local luxury ceiling sits well below Birmingham or Bloomfield Hills, which is the appeal for buyers wanting a strong Oakland County address with rational pricing. Buyers chasing genuine high-end stock typically expand the search to neighboring communities. Your local loan expert can confirm eligibility before you get attached to a house.
Financing note: Programme fit depends on build type and condition. Edward matches the loan to the property, and as your local mortgage expert, Edward flags repair-escrow risk before the appraisal, not after.
Madison Heights Schools & Education
Two public school districts split the city geographically — Lamphere Public Schools and Madison District Public Schools — and the line between them runs through residential blocks rather than along major roads. District assignment is address-specific, which makes verification a routine part of any purchase here. Higher-education access comes from the surrounding Oakland County system.
Lamphere Public Schools
Lamphere Public Schools serves a defined portion of the city and operates Lamphere High School as its secondary campus. As a smaller district by enrollment, it carries a different operational footprint than the larger neighboring systems — smaller graduating classes, a tighter feeder pattern, and a community-school identity that many families specifically seek out. Buyers who want Lamphere assignment should confirm the boundary address-by-address; the split with Madison District does not follow a simple street grid. Ask your loan officer whether a different programme suits you better.
Madison District Public Schools
Madison District Public Schools serves the remainder of the city not covered by Lamphere and operates Madison High School. The district has its own elementary-to-high-school feeder pattern and program mix. Families choosing between the two districts often weigh class size and program offerings before narrowing the home search to one side of the boundary. As with Lamphere, the dividing line is property-specific and worth confirming before writing an offer. Edward Kalavitz can talk this through in plain language.
Higher Education — Oakland Community College / Oakland University
Oakland Community College operates multiple campuses across the county and is the primary local two-year option for transfer credits, technical certificates, and workforce training. Oakland University in nearby Rochester anchors regional four-year access, with degree programs across business, education, engineering, nursing, and the liberal arts. Wayne State and the University of Michigan in Ann Arbor are within a 50-minute drive, giving residents a deep menu of higher-education choices without relocating. As your local mortgage expert, Edward would want to see your figures first.
School district boundaries cross municipal lines and assignments shift periodically. Confirm exact district assignment for any specific property with Edward — he verifies district and enrollment options as part of the buyer consultation.
Financing note: District lines move value street by street, and your broker prices from the appraised address rather than the mailing town. Ask your mortgage expert to confirm the district before you write the offer.
Cost of Living & Property Taxes in Madison Heights
One of the biggest advantages of Madison Heights Michigan real estate is affordability relative to comparable metro areas. Here’s what it costs to live in Madison Heights.
18 mills
Removed by PRE
$62,000
Median Household Income
~50%
Taxable Value of Market
Property Taxes
Madison Heights property taxes are calculated on a home’s taxable value — roughly 50% of market value in Michigan — multiplied by the local total millage rate (city or township + county + school + intermediate school district). Your exact tax depends on the specific property and jurisdiction within the Madison Heights area; Edward provides a precise estimate for any home you’re considering.
If the home is your primary residence, file the Michigan Principal Residence Exemption (PRE) — it removes 18 mills (the local school operating millage) from your tax bill. On an average-priced Madison Heights home, the PRE saves roughly $1,140 per year, typically 30–40% of total property taxes. The PRE is filed once at closing and stays in effect as long as you live in the home.
Cost Comparison
Michigan offers among the lowest costs of living in the Great Lakes region. Housing, property taxes, and — since the 2020 no-fault auto insurance reform — vehicle insurance all run below national averages, and Michigan has no local income tax in most jurisdictions. For buyers relocating from higher-cost metros, that combination means a given budget reaches noticeably further in Madison Heights than in comparable out-of-state markets.
Within Madison Heights, the real cost variable is neighborhood and property type rather than the city overall. Edward walks buyers through total monthly cost — mortgage, taxes, insurance, and utilities — for any specific Madison Heights home so the comparison is grounded in real numbers, not averages.
Financing note: Taxes and insurance are escrowed into the monthly payment and counted in your ratios, so your local loan expert builds them in from the start rather than surprising you at closing.
Madison Heights Market Trends
Understanding market trends helps buyers and sellers make better decisions in the Madison Heights Michigan real estate market. Here’s what the data shows.
Key Trends for 2026
Prices rising steadily
Madison Heights home values continue to appreciate, outpacing the national average.
Low inventory
Current supply is well below a balanced market (typically 4–6 months), meaning demand significantly exceeds available homes.
Fast-moving market
Well-priced homes in desirable neighborhoods sell in under 2 weeks. Buyers need pre-approval ready.
Spring/summer peak
Historically, Madison Heights sees the strongest buyer activity from April through August.
New construction increasing
Developers are adding inventory in suburban areas, but supply still lags demand.
Financing note: Trends move faster than published averages, which is why Edward reprices weekly. Your loan officer can tell you what is actually closing in Madison Heights right now.
Madison Heights Michigan Mortgage Broker Loan Programs
Edward Kalavitz offers the full range of Michigan mortgage programs for Oakland County buyers. Edward compares all programs across multiple wholesale lenders to find your best fit.
🏠 Conventional Loans Featured
№ 01- As low as 3-5% down — about $11,688–$19,481 at Madison Heights’s average
- PMI drops automatically at 20% equity
- Best long-term structure for buyers with 620+ credit
- Wholesale rates from dozens of lenders compared simultaneously
🏡 FHA Loans Featured
№ 02- 3.5% down — approximately $13,636 at Madison Heights’s average of about $389,611
- Credit scores as low as 580 accepted
- Seller can contribute up to 6% toward closing costs
- Flexible income and debt-to-income guidelines
🌾 USDA Loans Option
№ 03- Zero down payment for qualifying Madison Heights-area rural addresses
- Below-market interest rates for income-eligible buyers
- Your broker verifies eligibility at no cost
- Income limits apply — Edward reviews Oakland County limits at consultation
💎 Jumbo Loans Option
№ 04- Available for Madison Heights properties exceeding the conforming loan limit
- Competitive wholesale jumbo rates from multiple lenders
- Typically requires 700+ credit and 10-20% down
- Ideal for premium Oakland County properties
🎖️ VA Loans — Zero Down for Madison Heights Veterans
№ 05- 0% down payment — no PMI ever required
- Available to veterans, active duty, and eligible surviving spouses
- Competitive rates that routinely outperform conventional options
- Edward is experienced with VA loan processing statewide
🔄 Refinance Options
№ 06- Rate-and-term refinance to reduce your monthly payment
- Cash-out refinance to access accumulated home equity
- Conventional, FHA Streamline, and VA IRRRL options available
- Edward calculates your break-even before recommending any refinance
📄 Bank Statement Loans
№ 07- 12-24 months of bank statements in place of tax returns
- Ideal for self-employed Madison Heights residents and business owners
- Available for purchase and refinance transactions
📊 DSCR Loans
№ 08- Qualify based on rental income — not personal income
- Ideal for Oakland County investment property purchases
- No employment verification or tax returns required
🔧 Renovation Loans
№ 09- Finance purchase plus renovation costs in one loan
- FHA 203(k) and conventional renovation options available
- Ideal for older Madison Heights-area residential properties
🏦 MSHDA Down Payment Assistance
№ 10- Up to $10,000 in down payment help from the Michigan State Housing Development Authority
- Income limits apply and vary by household size and county
- Can be combined with FHA or Conventional financing on an eligible purchase
- Edward checks your eligibility at the consultation — before you shop, not after
🔄 FHA Streamline Refinance
№ 11- For homeowners who already hold an FHA loan — refinance without a new appraisal in most cases
- No income documentation and no new credit underwriting on the standard non-credit-qualifying path
- Requires a net tangible benefit — the refinance has to measurably improve your position
- Edward reviews whether your current FHA loan qualifies at no cost
Madison Heights Michigan Mortgage Broker — Your 5-Step Process
Your mortgage expert has refined a clear, efficient process over 25+ years of Michigan lending.
Step 1: Free Consultation & Pre-Approval
Call your local loan expert at (616) 633-3692 or apply online. Edward compares all programs simultaneously and identifies the best fit. Pre-approval letters are typically ready within 24 hours.
Step 2: House Hunting in Madison Heights
Pre-approval in hand, you evaluate Madison Heights properties with confidence. Edward can also serve as your licensed realtor — running live payment scenarios as you compare properties across Oakland County.
Step 3: Loan Application & Rate Lock
Once your offer is accepted, your loan officer completes the formal loan application and locks your rate — comparing pricing across all wholesale lenders for your best available terms.
Step 4: Processing & Underwriting
Edward manages the complete pipeline — appraisal, title, underwriting submission, and clearance — keeping your Madison Heights transaction on track through every approval step.
Step 5: Closing Day — Welcome Home to Madison Heights
On closing day, Edward Kalavitz ensures every document is accurate and all fees are verified. You sign final documents and officially become a Madison Heights homeowner.
Edward’s Selling Advantage
Selling Your Home in Madison Heights
Selling a home in Madison Heights in 2026 rewards preparation. Accurate pricing from day one, professional presentation, and strategic timing are what separate listings that attract strong offers from those that linger on the market. Edward’s dual-license perspective — licensed Realtor and Mortgage Loan Originator — means he prices with both sides of the transaction in view, and can pre-qualify incoming buyers to keep your closing on track. As your local mortgage expert, Edward can coordinate this with the purchase side.
As your listing agent, Edward Kalavitz handles every step of the local selling process — comparative market analysis using current Madison Heights comps in your specific neighborhood, professional pricing strategy informed by 25+ years of Michigan real estate experience, MLS listing on the Edward’s statewide MLS network (Water Wonderland Association, Realcomp II Limited, Northern Great Lakes MLS, MiRealSource, MichRIC, and Greater Regional Alliance of REALTORS (GRAR)), professional photography and digital marketing, open house scheduling, offer negotiation, and full coordination through inspection, appraisal, and closing. Edward Kalavitz can tell you where this sits relative to your goals.
Most Madison Heights sellers find that listing in April through August captures the strongest buyer activity — but well-priced homes sell year-round in this market.
Edward’s dual license as both a Michigan Realtor (#6501386956) and Mortgage Loan Originator (NMLS #138424) gives sellers a meaningful advantage that single-licensed agents simply can’t match.
When offers come in, Edward immediately vets each buyer’s financing strength with a lender’s eye — flagging weak pre-approvals before you accept an offer that might fall through, identifying buyers whose lock periods are about to expire, and reducing the risk of a deal collapsing in underwriting two weeks before close. In a fast market like Madison Heights, fewer fall-throughs means faster, more certain closings.
Before you list, run the numbers. Edward’s Seller Net Sheet Calculator shows your estimated proceeds after agent commissions, title fees, transfer taxes, and remaining mortgage payoff — so you know exactly what you’ll walk away with before you sign a listing agreement. For a free home valuation and listing strategy consultation, call Edward at (616) 633-3692.
Financing note: Most Madison Heights sellers are buying again, and your broker can time the sale against the purchase. As your local mortgage expert, Edward runs both sides together so you see one number. You are never required to use your mortgage expert for the sale as well.
Why Choose This Madison Heights Michigan Mortgage Broker
Your local loan expert brings over a quarter century of lending and real estate expertise to every Oakland County transaction.
Edward compares Conventional + FHA across dozens of wholesale lenders simultaneously — ensuring every Madison Heights buyer gets the best available rate and program structure.
Edward Kalavitz
Edward’s Local Take on Madison Heights
I have spent twenty-five years helping buyers across southeast Michigan, and this is one of those Oakland County suburbs where the right answer almost always comes down to two questions: which school district fits your family, and how much do you value the I-75/I-696 crossroads? Get those two right and the rest of the search lines up quickly. Here is how I usually frame the conversation by priority.
Edward Kalavitz
Watch: Meet Edward
Get to know Edward Kalavitz — learn how he helps Madison Heights Michigan families buy, sell, and finance homes with dual-licensed real estate and mortgage expertise.
Nearby Cities
Exploring the Madison Heights Michigan real estate market but open to nearby communities? These cities are all within a short drive and offer different price points and neighborhood character — explore each one’s listings below.
What Clients Say About Working with Edward
These are verified Google reviews from Edward’s Google Business Profile. Edward is dual-licensed — Mortgage Loan Originator (NMLS #138424) and Michigan Realtor — so reviewers include both financing and real estate clients.
“Very Professional and Thorough”
“Edward’s is very professional and thorough. Had a great experience working with him. Everything went very smooth.”
“Great to Have 2 in 1”
“Ed was very responsive, knowledgeable, and made our first home buying experience great! He’s a relator and lender, which was great to have “2 in1”. We were able to look at houses and run number the same day. He was very flexible with times we needed to set up showings, as well as very informative and organized with paperwork! I appreciate his expertise greatly!” Bring this up with your local loan expert before you write an offer.
“Works Hard 24/7”
“Ed is wonderful to work with! He is very thorough, experienced, and friendly. Ed works hard 24/7 to give you the best mortgage experience and is always able to help with whatever you need!”
“Above and Beyond”
“Edward is a great relator and loan officer. He helped my fiance and I buy our first home. We called him back when we were ready to sell and buy our forever home. He again went above and beyond to make the process swift and easy. I recommend him to my friends and family who are looking into buying, selling or refinacing their home!”
“Closing Came Sooner Than Anticipated”
“Edward was up front, professional and most helpful in first determining if I was a good candidate for a mortgage re-Fi. My case was Probably not the easiest, however, he made my “homework” manageable. The closing came sooner than anticipated, thanks to his perseverance, knowledge and professionalism.”
“Not Only My Realtor — My Friend”
“Edward was an excellent help in the most stressful time of my life. My son passed away in 2018 and I had to sell his home. Edward alleviated some stress by being patient, organized and communicated thoroughly the entire process. He not only was my realtor/loan officer but he was my friend! Highly recommend him for any home needs!”
Madison Heights Commute & Transportation
The city sits inside one of the strongest freeway intersections in the Detroit metro. I-75 runs north-south along the western edge and I-696 forms the southern border, with their junction in the southwest corner shared with Royal Oak and Hazel Park. More than 112 miles of road run inside the limits, feeding the freeways efficiently.
Interstate 696
I-696 is the east-west freeway along the southern border, the spine connecting the Detroit metro across Oakland and Macomb counties without requiring a downtown loop. From the local on-ramps, commuters reach Warren and I-94 to the east or I-275 to the west in well under thirty minutes off-peak. For dual-commute households with destinations on opposite sides of the metro, this is the single biggest practical advantage of the local geography. Edward works from current figures, not last quarter’s.
Interstate 75
I-75 runs north-south along the western edge and provides the primary route to downtown Detroit (about 15 minutes), Troy and Auburn Hills to the north, and onward to Flint or the Detroit River crossings. The freeway carries the bulk of north-south metro traffic, and on-ramps from Stephenson Highway make access fast even during commute hours.
John R Road / Stephenson Highway
These two parallel north-south surface roads do the heavy lifting between the freeways. John R Road runs through the residential and commercial core and carries the bus route; Stephenson Highway parallels I-75 with heavier industrial frontage. Together they give drivers fast surface alternatives when the freeways slow down and connect efficiently to Thirteen Mile, Twelve Mile, and the east-west mile-road grid.
Detroit Metro Access
Downtown Detroit sits roughly 12 miles south and is reachable in about 15 minutes off-peak via I-75. Ann Arbor is about 50 minutes via I-696 and US-23, Lansing about 76 minutes via I-96, and DTW airport 35-45 minutes through the metro freeway network. That positioning makes the area a practical home base for households with destinations scattered across southeast Michigan.
Financing note: Freeway access is a recognised location factor in the appraisal, and your loan officer sees it in the comparables. Edward Kalavitz will also fold the true cost of a longer commute into what you can carry.
Where Madison Heights Sits on the Map
Approximate drive times to other markets buyers commonly compare to Madison Heights. Times reflect typical non-rush conditions; commute hours add 15–30%.
Madison Heights Lifestyle, Entertainment & Recreation
Daily life here reflects the classic mid-century Detroit-suburb pattern — single-family blocks with sidewalks, two commercial corridors carrying retail and service, and freeway access that puts the rest of the metro within easy reach. Lifestyle decisions usually come down to which district, which corridor, and how much commute time matters.
Mid-Century Oakland County Suburb Character
The community grew rapidly after its 1955 incorporation, and the residential fabric still reflects that post-war moment — compact lots, one-car garages, modest setbacks, and the platted suburban grid typical of the era. Roughly 91% of buildings are single-family homes or condominiums. For buyers who prefer that era of housing stock, the entire municipality is essentially built around it.
John R Road / Stephenson Highway Corridors
The two north-south commercial corridors carry day-to-day retail, dining, and service — supermarkets, restaurants, repair shops, automotive, professional services, and the long tail of light commercial uses that make up the 60% non-residential tax base. The mix of national chains and locally-owned businesses gives the corridors a working-Detroit-suburb character rather than a polished destination-retail feel.
Dual School District Options
Lamphere Public Schools and Madison District Public Schools each cover a portion of the city, and the choice between them is one of the most consequential lifestyle decisions for buyers with school-age children. Families often shortlist homes based on district first and then narrow within the assignment, which shapes both demand patterns and how the local market behaves on a block-by-block basis. Verify the line address-by-address before writing. As your local mortgage expert, Edward can put this in writing for a seller.
Detroit-Metro Freeway Crossroads
With I-75 along the western edge and I-696 along the southern, the area functions as a true metro crossroads — easy reach to downtown Detroit, Troy/Auburn Hills, Warren, Ann Arbor, and Lansing via I-96. That positioning gives residents a wide weekend menu: Detroit sports and culture, Royal Oak and Ferndale dining, Birmingham retail, and broader Oakland County lakes and parks within a short to moderate drive.
Financing note: Walkable amenities read as a resale strength, and your broker counts that in the comparables.
Madison Heights Healthcare & Medical Facilities
Healthcare access here is anchored by the Beaumont (now Corewell Health) system, with two large hospitals within a short drive and additional outpatient coverage across the metro. Tertiary referrals route to the major academic systems serving southeast Michigan.
Beaumont Hospital – Royal Oak
Beaumont Hospital Royal Oak sits roughly five minutes west and serves as a major academic medical center, with a broad inpatient footprint, emergency services, and a deep range of specialty programs. For most residents this is the closest large-hospital option and the default for serious or scheduled care — a meaningful factor for retirees, families with chronic-care needs, and households who want a major hospital nearby.
Beaumont Hospital – Troy
Beaumont Hospital Troy provides additional inpatient and emergency capacity to the north, typically reachable in well under twenty minutes from most addresses in the city. The Troy campus expands service-line coverage across the Beaumont/Corewell network and gives residents a second large-hospital option when capacity, geography, or specialty access points them north rather than west.
Local Outpatient & Primary Care
Outpatient clinics, urgent care, and primary care practices are distributed along the John R Road and Stephenson Highway corridors and across the surrounding Royal Oak / Troy / Warren ring. Most residents reach a primary-care office, urgent care, lab, or imaging center within a short drive. Dental, optometry, and outpatient specialty coverage round out the provider mix.
Tertiary Referral — Major Academic Systems
For complex or tertiary needs, residents draw on Beaumont/Corewell, Henry Ford Health (Detroit, 15 minutes south by I-75), and the University of Michigan Health system in Ann Arbor (roughly 50 minutes via I-696 and US-23). That three-system reach gives access to academic-level oncology, cardiology, neurology, and pediatric subspecialty care without leaving southeast Michigan.
Financing note: Premiums and out-of-pocket costs never appear in your debt-to-income ratio, so your mortgage expert will show the payment your file qualifies for and the payment your household actually feels.
Madison Heights Michigan Mortgage Broker — Frequently Asked Questions
QWhat is the average home price in Madison Heights, Michigan?
The average home price in Madison Heights is about $389,611 — 9.9% above the Michigan statewide average. Your local loan expert compares all programs to maximize your Oakland County purchasing power.
QHow fast are homes selling in Madison Heights, Michigan?
Madison Heights averages 22 days on market — a balanced pace giving buyers meaningful evaluation time. Edward issues pre-approval letters within 24 hours. Edward can confirm the current figure for your situation.
QHow much down payment do I need in Madison Heights?
FHA requires about $13,636 (3.5%) at Madison Heights’s average of about $389,611. Conventional starts at 3-5% down (about $11,688–$19,481). VA offers 0% down for qualifying veterans. Your loan officer reviews every option before finalizing your strategy.
QWhat are closing costs in Madison Heights?
Closing costs typically run 2-5% — approximately $5,200–$19,481 on a $389,611 Madison Heights home. See the closing costs guide. Edward provides a detailed Loan Estimate upfront. As your local mortgage expert, Edward answers this the day you ask.
QWhat credit score do I need to buy in Madison Heights?
FHA accepts scores as low as 580. Conventional requires 620+. USDA requires 640 minimum. Edward Kalavitz reviews your full credit profile and recommends the best-fit program.
QHow long does it take to close in Madison Heights?
Conventional and FHA purchases typically close in 30-45 days from accepted offer. Edward manages the pipeline proactively to keep your Madison Heights transaction on schedule. Ask your broker to price your exact scenario rather than an average.
QDoes Edward Kalavitz serve Madison Heights, Michigan?
Yes. Edward Kalavitz is a licensed Michigan mortgage broker (NMLS #138424) serving Madison Heights and all 83 Michigan counties through Private Mortgage Guarantee LLC (NMLS #2033317). Available Monday-Friday 8AM-8PM and Saturday-Sunday 9AM-8PM including every holiday. Your mortgage expert will put this in writing on your Loan Estimate.
QIs Madison Heights, Michigan a good place to buy?
Madison Heights offers Oakland County community character and a $389,611 average that is 9.9% above the Michigan statewide average — with Conventional + FHA financing accessible for a wide range of buyers. Your local loan expert evaluates specific properties and programs for every buyer profile.
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Our free Michigan Mortgage Advisor compares FHA, VA, USDA, and Conventional rates for Madison Heights homebuyers instantly.
Available When You Need Answers
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Michigan Loan Programs for Madison Heights Buyers & Homeowners
As your Madison Heights mortgage lender and broker, Edward Kalavitz offers the full range of loan programs — shopped across 12+ wholesale lenders. Explore your options: