Troy Michigan Mortgage Broker — 25+ Years of Trusted Lending
Edward Kalavitz | NMLS #138424 | Serving Troy, Oakland County & All 83 Michigan Counties
Edward Kalavitz · MLO NMLS #138424 · Private Mortgage Guarantee LLC · Serving Troy, Oakland County & all 83 Michigan counties
In This Guide
- Today’s Rates in Troy
- Michigan Mortgage Advisor
- Meet Your Troy Mortgage Broker
- About Troy, Michigan
- Neighborhoods & Subdivisions
- Property Types
- Schools & Education
- Cost of Living & Taxes
- Market Trends
- Mortgage Options in Troy
- Buying in Troy
- Selling in Troy
- Why Choose Edward
- Edward’s Local Take
- Watch: Meet Edward
- Nearby Cities
- Google Reviews
- Troy FAQ
- Available Hours
Mortgage Rates in Troy
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 Troy 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 Troy 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.
About Troy, Michigan
Troy is a city of 87,294 in Oakland County (2020 census) — the largest community in the county and Michigan’s 13th-most populous municipality. The city sits about 15 miles north of downtown Detroit across 33.64 square miles. The area combines one of metro Detroit’s deepest corporate-headquarters bases with established residential neighborhoods, a diverse and affluent population, and one of the state’s most regarded school districts. Ask your mortgage expert to model this before you tour.
The earliest recorded land purchases in what became Troy Township occurred in 1819. A couple of years later, Johnson Niles bought 160 acres in what is now the north-central part of the city, establishing the settlement known as Troy Corners. Troy Township was formally organized in 1827. Over the following decades, sections of the original township were peeled away and incorporated into the neighboring cities of Birmingham, Clawson, and Royal Oak. In 1955, the remainder of the township was incorporated as the city of Troy — a defensive move primarily intended to prevent border cities from annexing further land and to build more robust municipal services for residents fleeing Detroit for the suburbs. As your local mortgage expert, Edward sees this reflected in Troy appraisals.
The local economy is built on one of metro Detroit’s deepest corporate-headquarters bases, anchored along the Big Beaver Road corridor and supported by the Somerset Collection retail complex. The corporate concentration spans automotive engineering, software, staffing, and professional services, giving the area a daily working population unusual for a residential suburb. According to a 2018 estimate, the median household income was $96,864 and the median family income was $113,640, with per-capita income of $46,664. About 5.1% of families and 7.2% of the population were below the poverty line — figures that place the city among Oakland County’s stronger income markets. Your local loan expert pre-approves buyers for this range daily.
Financing note: Edward lends across every one of these neighbourhoods, and as your local mortgage expert, Edward can pre-approve you before you start touring.
About Troy, Michigan
Troy is a city of 87,294 in Oakland County (2020 census) — the largest community in the county and Michigan’s 13th-most populous municipality. The city sits about 15 miles north of downtown Detroit across 33.64 square miles. The area combines one of metro Detroit’s deepest corporate-headquarters bases with established residential neighborhoods, a diverse and affluent population, and one of the state’s most regarded school districts. As your local mortgage expert, Edward sees this reflected in Troy appraisals.
The earliest recorded land purchases in what became Troy Township occurred in 1819. A couple of years later, Johnson Niles bought 160 acres in what is now the north-central part of the city, establishing the settlement known as Troy Corners. Troy Township was formally organized in 1827. Over the following decades, sections of the original township were peeled away and incorporated into the neighboring cities of Birmingham, Clawson, and Royal Oak. In 1955, the remainder of the township was incorporated as the city of Troy — a defensive move primarily intended to prevent border cities from annexing further land and to build more robust municipal services for residents fleeing Detroit for the suburbs. Your loan officer can confirm what this means for your file.
The local economy is built on one of metro Detroit’s deepest corporate-headquarters bases, anchored along the Big Beaver Road corridor and supported by the Somerset Collection retail complex. The corporate concentration spans automotive engineering, software, staffing, and professional services, giving the area a daily working population unusual for a residential suburb. According to a 2018 estimate, the median household income was $96,864 and the median family income was $113,640, with per-capita income of $46,664. About 5.1% of families and 7.2% of the population were below the poverty line — figures that place the city among Oakland County’s stronger income markets. Ask Edward Kalavitz to model this before you tour.
Neighborhood Guide · Troy, MI
Troy Neighborhoods
The local neighborhoods are organized across 33+ square miles by the Troy School District feeder pattern, the major corridors, and the metro Detroit mile-road grid. The six geographies below — corporate-corridor, two high-school feeder areas, the I-75 north and south edges, and the broader mile-road grid — capture how buyers actually shop the city.
The Big Beaver & Somerset Area
The neighborhoods clustered around the Big Beaver Road corporate corridor and the Somerset Collection — a mix of established mid-century homes and newer single-family inventory backing onto the city’s deepest concentration of retail, dining, and corporate employment. Inventory turns reflect both relocating corporate professionals and long-tenured residents, with the area pulling the strongest demand from buyers who want everything walkable to the corridor. Your broker factors this into what you can borrow.
Walkability: Drive-oriented corporate-retail corridor; subdivisions have internal sidewalks throughout. The deepest retail-and-employment access in the city. Your mortgage expert can price your exact scenario today.
Buyer fit: Common among relocating corporate professionals, dual-career couples, and buyers prioritizing the deepest retail, dining, and corporate-corridor access — including international transferees on multi-year assignments. Your local loan expert can price your exact scenario today.
Troy High School Area
The neighborhoods feeding into Troy High School — established single-family homes with mature trees, deep front setbacks, and the strong neighborhood character that comes with the Troy School District feeder pattern. Inventory skews toward mid-century construction with periodic updates and scattered newer infill. The district remains the primary demand driver: families targeting this specific feeder typically tour multiple homes near the school and adjacent parks. As your local mortgage expert, Edward accounts for this up front.
Walkability: Sidewalks throughout; walkable to Troy High School and to neighborhood parks and amenities within the feeder pattern. Edward factors this into what you can borrow.
Buyer fit: Common among families with school-age children prioritizing the Troy High feeder pattern, dual-income households relocating for the district, and corporate-professional families building long-term roots within one of Michigan’s most regarded systems. Your loan officer factors this into what you can borrow.
Athens High School Area
The neighborhoods feeding into Athens High School — established residential character with mature subdivisions, a strong family-community profile, and an alternative path within the Troy School District. Pricing tracks closely to the Troy High feeder, with similar mid-century housing stock refreshed by renovation cycles. Buyers comparing the two feeders typically tour both before committing; school assignment is property-specific and verified at the address level. Ask Edward Kalavitz how this affects your monthly figure.
Walkability: Sidewalks throughout; walkable to Athens High School and to neighborhood parks and amenities within the feeder pattern. As your local mortgage expert, Edward accounts for this up front.
Buyer fit: Common among families prioritizing the Athens High feeder pattern, including buyers who want district access without competing in the Troy High feeder’s specific search radius — strong fit for relocating corporate families. As your local mortgage expert, Edward accounts for this up front.
North Troy & the I-75 Corridor
The northern part of the city near I-75 and the Rochester Hills border — historically the area around the original Troy Corners settlement where Johnson Niles purchased 160 acres in 1819. The geography offers established and newer subdivisions with quick freeway access toward Auburn Hills, Pontiac, and the broader Oakland County corporate corridor. Inventory ranges from mid-century established to newer larger-lot infill, with the upper end on the area’s larger parcels. A Troy Michigan mortgage broker who is also a licensed Realtor can answer both halves of this.
Walkability: Drive-oriented; subdivisions have internal sidewalks throughout. Quick I-75 access toward the Oakland County corporate corridor and north toward Auburn Hills and Pontiac. Ask your broker how this affects your monthly figure.
Buyer fit: Common among buyers prioritizing the northern city character, the quickest I-75 access for the Oakland County commute, and the larger-lot and newer-construction inventory — frequent fit for Auburn Hills and Pontiac commuters. Ask your mortgage expert how this affects your monthly figure.
South Troy & the I-75 / I-696 Edge
The southern part of the city near the I-75 / I-696 interchange and the Royal Oak border — established neighborhoods with the quickest access to downtown Detroit, the Royal Oak / Woodward corridor, and the I-696 east-west crossing. Pricing typically runs below the Big Beaver and northern areas, making the south the entry point for buyers wanting the city limits with a tighter price ceiling. Mid-century inventory dominates, with newer infill on consolidated parcels. Working with a Troy Michigan mortgage broker keeps this on one timeline.
Walkability: Sidewalks throughout most areas; drive-oriented overall. Quick freeway access toward Detroit, Royal Oak, and the Woodward corridor. A Troy Michigan mortgage broker who is also a licensed Realtor can answer both halves of this.
Buyer fit: Common among buyers prioritizing the southern part of the city, the quickest downtown Detroit access, and a lower-priced entry into the school district — frequent fit for downtown Detroit professionals and first-time district buyers. A Troy Michigan mortgage broker who is also a licensed Realtor can answer both halves of this.
The Mile-Road Grid & Established Neighborhoods
The broad inventory of established single-family neighborhoods organized along the metro Detroit mile-road grid — Long Lake, South Boulevard, Big Beaver, and the cross-streets that define the city’s suburban geography. Long, straight east-west and north-south arterials frame established subdivisions filling the squares between them. Most of the area’s mid-century housing stock sits on this grid, with renovation cycles refreshing inventory over time. Your local loan expert can price your exact scenario today.
Walkability: Sidewalks throughout; walkable to neighborhood parks and local schools. Drive-oriented for major destinations and corridor retail. Working with a Troy Michigan mortgage broker keeps this on one timeline.
Buyer fit: Common among families prioritizing established suburban character within one of metro Detroit’s premier corporate-and-residential markets — including long-tenured residents trading up and relocating professionals shopping the broader district. Working with a Troy Michigan mortgage broker keeps this on one timeline.
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 Troy
Single-Family Homes
Single-family housing is the core of the local inventory — established mid-century homes across the mile-road grid and the two high-school feeder areas, with newer infill and larger-lot construction concentrated in the north. Pricing generally runs $380K-$750K across the established neighborhoods and the southern part of the city, with $420K-$850K+ in the Big Beaver / Somerset area and northern parcels. Edward Kalavitz factors this into what you can borrow.
Condos & Townhouses
Condo and townhouse inventory runs deep across the city, especially near the Big Beaver corporate corridor and the major retail nodes. These low-maintenance options are popular with corporate professionals on multi-year assignments, downsizers leaving larger homes within the district, and lock-and-leave buyers wanting Oakland County access without the yard. Pricing typically clears in the $240K-$500K range depending on size, age, and corridor proximity. As your local mortgage expert, Edward accounts for this up front.
New Construction
New-build inventory is moderate across the city — most ground-up activity sits on larger-lot infill, northern parcels near the I-75 corridor and the original Troy Corners area, and high-end redevelopments. The affluent character and the corporate-corridor employment base support premium new-construction pricing, with the upper tier well into seven figures on amenity-rich builds. Ask your broker how this affects your monthly figure.
Investment Properties
The local market is primarily owner-occupied and affluent — rental inventory is limited and priced above the metro average. The deep corporate workforce supports steady but limited rental opportunities, particularly for short-term corporate housing and for condo or townhouse rentals near the Big Beaver corridor. Investors targeting the area generally focus on corporate-professional tenant profiles rather than student or workforce-housing strategies. A Troy Michigan mortgage broker who is also a licensed Realtor can answer both halves of this.
Waterfront Homes
The city is not primarily a waterfront community — only about 0.17 of its 33.64 square miles is water, mostly small creeks and ponds rather than major lakes. Buyers prioritizing dedicated lake frontage typically look to neighboring West Bloomfield’s lake country, the Oakland County lakes farther north and west, or Macomb County’s lakefront options to the east. Lake-life seekers should plan to shop adjacent communities. Working with a Troy Michigan mortgage broker keeps this on one timeline.
Luxury Homes
The higher-end inventory ranks among metro Detroit’s deepest — larger homes in the Big Beaver / Somerset area, both high-school feeder zones, and the newer-construction parcels in the north. The corporate-anchored affluence — $96,864 median household income on the 2018 estimate, with median family at $113,640 — supports a deep luxury tier including executive relocations and long-tenured corporate-professional families trading up within the district. Your mortgage expert can price your exact scenario today.
Financing note: Programme fit depends on build type and condition. Your local loan expert matches the loan to the property, and as your local mortgage expert, Edward flags repair-escrow risk before the appraisal, not after.
Troy Schools & Education
The local education picture is anchored by the Troy School District — one of the primary drivers of residential demand across the city — supplemented by Walsh College within city limits and the broader metro Detroit higher-education sector nearby. School assignment is property-specific; verify exact district and school assignment at the address level for any home of interest.
Troy School District
The Troy School District serves the city as its primary public district, operating 12 elementary schools, 4 middle schools, and 2 high schools — Troy High School and Athens High School — across the two feeder patterns. The district is recognized as one of Michigan’s most regarded public systems and is consistently cited by relocating families as a primary reason for choosing the area. Demand pulls heavily from corporate transferees, dual-career professional households, and long-tenured local families. Because feeder boundaries are property-specific, families targeting either high school should verify assignment at the address level before writing an offer. A Troy Michigan mortgage broker who is also a licensed Realtor sees both sides of this.
Walsh College
Walsh College is a private, business-focused college located within the city — a long-established institution offering undergraduate and graduate programs in business, accounting, finance, technology, and management. Its presence within city limits gives residents convenient access to part-time and evening graduate programs without the commute to downtown Detroit or Ann Arbor. Walsh anchors the local higher-education sector alongside satellite locations of other metro Detroit institutions, supporting continuing-education demand from working professionals concentrated along the Big Beaver corridor. Edward can confirm what this means for your file.
Higher Education — Metro Detroit
Beyond Walsh, the broader metro Detroit higher-education sector is within reach across Oakland County and the wider region. Oakland University in Rochester sits a short drive north, Wayne State University anchors midtown Detroit roughly 25 minutes south, and the University of Michigan in Ann Arbor is about 50 minutes southwest. The cluster of public and private institutions gives residents access to undergraduate, graduate, and professional programs — from engineering and business to medicine and law — without leaving the metro. Worth raising with your loan officer early.
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 Edward Kalavitz prices from the appraised address rather than the mailing town. Ask your broker to confirm the district before you write the offer.
Cost of Living & Property Taxes in Troy
One of the biggest advantages of Troy Michigan real estate is affordability relative to comparable metro areas. Here’s what it costs to live in Troy.
18 mills
Removed by PRE
$97,000
Median Household Income
~50%
Taxable Value of Market
Property Taxes
Troy 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 Troy area; Edward provides a precise estimate for any home you’re considering. A Troy Michigan mortgage broker who is also a licensed Realtor sees both sides of this.
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 Troy home, the PRE saves roughly $1,900 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. Your mortgage expert can confirm what this means for your file.
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 Troy than in comparable out-of-state markets. Your local loan expert will put the real number in writing.
Within Troy, 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 Troy 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 Edward builds them in from the start rather than surprising you at closing.
Troy Market Trends
Understanding market trends helps buyers and sellers make better decisions in the Troy Michigan real estate market. Here’s what the data shows.
Key Trends for 2026
Prices rising steadily
Troy 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, Troy 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 your loan officer reprices weekly. Edward Kalavitz can tell you what is actually closing in Troy right now.
Troy Michigan Mortgage Broker Loan Programs
Your broker 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 $12,750–$21,250 at Troy’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 $14,875 at Troy’s average of about $425,000
- 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 Troy-area rural addresses
- Below-market interest rates for income-eligible buyers
- Your mortgage expert verifies eligibility at no cost
- Income limits apply — Edward reviews Oakland County limits at consultation
💎 Jumbo Loans Option
№ 04- Available for Troy 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 Troy 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 Troy 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 Troy-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
Troy Michigan Mortgage Broker — Your 5-Step Process
Your local loan expert has refined a clear, efficient process over 25+ years of Michigan lending.
Step 1: Free Consultation & Pre-Approval
Call Edward 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 Troy
Pre-approval in hand, you evaluate Troy properties with confidence. Your loan officer 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, Edward Kalavitz 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 Troy transaction on track through every approval step.
Step 5: Closing Day — Welcome Home to Troy
On closing day, your broker ensures every document is accurate and all fees are verified. You sign final documents and officially become a Troy homeowner.
Edward’s Selling Advantage
Selling Your Home in Troy
Selling a home in Troy 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 loan officer reprices weekly, so ask for today’s figure.
As your listing agent, Edward Kalavitz handles every step of the local selling process — comparative market analysis using current Troy 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 will put the real number in writing.
Most Troy 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 Troy, fewer fall-throughs means faster, more certain closings. Your broker pre-approves buyers for this range daily.
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 Troy sellers are buying again, and your mortgage expert 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 local loan expert for the sale as well.
Edward’s Local Take on Troy
The local market is one of metro Detroit’s premier corporate-and-residential destinations — anchored by the Big Beaver corporate corridor, the Somerset Collection, and one of Michigan’s most regarded school districts inside a city of 87,294. Twenty-five years working across Michigan, here’s how I help buyers think about the area by what matters most to them. We’ll match the search to your priorities rather than chasing every listing that lands. Edward pre-approves buyers for this range daily.
Edward Kalavitz
Edward’s Local Take on Troy
The local market is one of metro Detroit’s premier corporate-and-residential destinations — anchored by the Big Beaver corporate corridor, the Somerset Collection, and one of Michigan’s most regarded school districts inside a city of 87,294. Twenty-five years working across Michigan, here’s how I help buyers think about the area by what matters most to them. We’ll match the search to your priorities rather than chasing every listing that lands. Ask your loan officer to model this before you tour.
Edward Kalavitz
Watch: Meet Edward
Get to know Edward Kalavitz — learn how he helps Troy Michigan families buy, sell, and finance homes with dual-licensed real estate and mortgage expertise.
Nearby Cities
Exploring the Troy 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. Edward Kalavitz reprices weekly, so ask for today’s figure.
“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!” As your local mortgage expert, Edward sees this reflected in Troy appraisals.
“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!” A Troy Michigan mortgage broker who is also a licensed Realtor sees both sides of this.
“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!” Worth raising with your broker early.
Troy Commute & Transportation
The local commute picture is shaped by I-75 running through the city, the Big Beaver Road east-west corporate corridor, the Troy Transit Center offering Amtrak service, and Oakland-Troy Airport providing general aviation access. The combination is unusually deep for a residential suburb and supports both metro Detroit commuters and corporate professionals connecting to broader regional transit.
Interstate 75
Interstate 75 passes through the city as the primary freeway connection — running south directly into downtown Detroit (about 25 minutes) and north toward Auburn Hills, Pontiac, and the broader Oakland County corporate corridor. The freeway anchors the commuting geography. Access ramps are spaced along the city’s length, giving most neighborhoods a short drive to the corridor.
Big Beaver Road Corporate Corridor
Big Beaver Road is the defining east-west corporate-and-retail spine — anchoring the Somerset Collection and concentrating the corporate-headquarters base for which the area is known. The corridor functions as a working spine for tens of thousands of daily commuters and shoppers, with cross-traffic to I-75 and to the Woodward Avenue corridor.
Troy Transit Center & Amtrak
The Troy Transit Center provides Amtrak Wolverine service along the Pontiac-Detroit-Chicago line plus municipal bus access — a transit-rail asset unusual for a corporate suburb. The Wolverine route gives residents direct-rail access to downtown Detroit, Ann Arbor, and Chicago without driving, valued by leisure travelers and academic commuters alike.
Oakland-Troy Airport
Oakland-Troy Airport provides general aviation access from within city limits — a meaningful asset for corporate and private aviation users, executive transferees, and business travelers needing short-haul flights. For commercial air travel, Detroit Metropolitan Wayne County Airport (DTW) is about 40 minutes south via I-75, providing full international and domestic service.
Financing note: Freeway access is a recognised location factor in the appraisal, and your mortgage expert sees it in the comparables. Your local loan expert will also fold the true cost of a longer commute into what you can carry.
Where Troy Sits on the Map
Approximate drive times to other markets buyers commonly compare to Troy. Times reflect typical non-rush conditions; commute hours add 15–30%.
Troy Lifestyle, Entertainment & Recreation
The local lifestyle blends one of Michigan’s premier shopping-and-dining destinations, a deep corporate-employment base, a diverse and affluent residential character, and the parks, civic, and historic-village assets that round out an established Oakland County suburb. The pattern attracts both long-tenured residents and relocating corporate professionals.
The Somerset Collection
The Somerset Collection is one of Michigan’s premier shopping destinations — 180+ stores across two pavilions connected by an enclosed skywalk over Big Beaver Road, with a dining and entertainment program pulling regional traffic from across the metro. The center anchors the area’s reputation as a retail-and-dining destination and is a regular weekend draw across Oakland and Macomb counties. Worth raising with Edward early.
Big Beaver Corporate Corridor
The Big Beaver corridor concentrates the corporate-headquarters base — an unusual daily working-population energy for a residential suburb. The mix of office towers, support services, and adjacent retail gives the area midweek vibrancy alongside the weekend retail draw, supporting the dining, hospitality, and professional-services infrastructure that comes with sustained corporate demand.
A Diverse Affluent Community
The local community is notably diverse for an Oakland County suburb — a strong Asian-American population (one of the metro’s largest concentrations) alongside a deep international corporate-professional population. The 2018 estimate placed median household income at $96,864 and median family income at $113,640. The combination of cultural diversity and corporate-professional affluence gives the area a distinctive multicultural character. Your loan officer can confirm what this means for your file.
Parks & Civic Life
The local parks-and-recreation system runs deep — the Troy Historic Village preserves the area’s pre-incorporation history (the 1819 Troy Corners settlement and the 1827 township organization), the Troy Family Aquatic Center anchors warm-weather recreation, and a slate of neighborhood parks supports families across the city. A strong civic-and-events calendar rounds out the local quality of life.
Financing note: Walkable amenities read as a resale strength, and Edward Kalavitz counts that in the comparables.
Troy Healthcare & Medical Facilities
The local healthcare picture is anchored by Corewell Health Beaumont Troy within city limits, supported by a deep outpatient and specialty network along the major corridors and by access to the Corewell Royal Oak flagship and the broader metro Detroit academic medical systems for higher-acuity needs.
Corewell Health Beaumont Troy
Corewell Health Beaumont Troy is the city’s primary hospital — a full-service facility providing emergency, surgical, cardiovascular, and specialty care plus imaging, women’s health, and physician specialty practices. It is also one of the area’s larger employers, anchoring a healthcare-employment cluster alongside the corporate corridor. Residents rarely need to leave city limits for routine inpatient or specialty needs. Your broker reprices weekly, so ask for today’s figure.
Local Outpatient & Specialty Network
The city is served by a deep network of outpatient clinics, urgent care centers, imaging facilities, and physician specialty practices along Rochester Road, Big Beaver, and the major mile-road arterials. The network is supplemented by behavioral-health practices, dental and vision providers, and senior-care options reflecting the affluent residential market. For most non-emergency care, residents find a full-service option within a 10-minute drive. Your mortgage expert will put the real number in writing.
Corewell Royal Oak Flagship & Oakland County
Beyond Beaumont Troy, the Corewell Royal Oak flagship academic medical center sits minutes south — a major teaching hospital with quaternary-care depth across cardiology, neurosciences, oncology, and transplant services. The broader Oakland County Corewell network plus Henry Ford Health facilities give residents extraordinary depth of full-service options within a 15-to-25-minute drive.
Tertiary Referral — Major Metro Systems
For the most complex tertiary and quaternary care, residents have access to the Corewell, Henry Ford, Trinity Health, and University of Michigan academic systems across the metro. The University of Michigan academic medical center in Ann Arbor is about 50 minutes south, providing rare-disease, transplant, and academic-research-grade options.
Financing note: Premiums and out-of-pocket costs never appear in your debt-to-income ratio, so your local loan expert will show the payment your file qualifies for and the payment your household actually feels.
Troy Michigan Mortgage Broker — Frequently Asked Questions
QWhat is the average home price in Troy, Michigan?
The average home price in Troy is about $425,000 — 19.9% above the Michigan statewide average. Edward compares all programs to maximize your Oakland County purchasing power.
QHow fast are homes selling in Troy, Michigan?
Troy averages 18 days on market — a balanced pace giving buyers meaningful evaluation time. Edward issues pre-approval letters within 24 hours. Your loan officer can confirm the current figure for your situation.
QHow much down payment do I need in Troy?
FHA requires about $14,875 (3.5%) at Troy’s average of about $425,000. Conventional starts at 3-5% down (about $12,750–$21,250). VA offers 0% down for qualifying veterans. Edward Kalavitz reviews every option before finalizing your strategy.
QWhat are closing costs in Troy?
Closing costs typically run 2-5% — approximately $5,200–$21,250 on a $425,000 Troy 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 Troy?
FHA accepts scores as low as 580. Conventional requires 620+. USDA requires 640 minimum. Your broker reviews your full credit profile and recommends the best-fit program.
QHow long does it take to close in Troy?
Conventional and FHA purchases typically close in 30-45 days from accepted offer. Edward manages the pipeline proactively to keep your Troy transaction on schedule. Ask your mortgage expert to price your exact scenario rather than an average.
QDoes Edward Kalavitz serve Troy, Michigan?
Yes. Edward Kalavitz is a licensed Michigan mortgage broker (NMLS #138424) serving Troy 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 local loan expert will put this in writing on your Loan Estimate.
QIs Troy, Michigan a good place to buy?
Troy offers Oakland County community character and a $425,000 average that is 19.9% above the Michigan statewide average — with Conventional + FHA financing accessible for a wide range of buyers. Edward evaluates specific properties and programs for every buyer profile.
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Michigan Loan Programs for Troy Buyers & Homeowners
As your Troy mortgage lender and broker, Edward Kalavitz offers the full range of loan programs — shopped across 12+ wholesale lenders. Explore your options: