We Understand Michigan—Because We’re From Here
Local knowledge matters when taxes, municipalities, and housing styles vary so much from one community to the next. At Mercantile Bank, our mortgage expertise is built right here in Michigan, so every loan benefits from an understanding of local markets and regulations.
Clear Guidance,
Not Guesswork
Buying a home, especially from out of state, can feel overwhelming. Our team explains each step of the mortgage process in plain language, helping you move forward with confidence and clarity.
Local Decisions Mean
Smoother Closings
With local underwriting and decision‑making, questions are answered faster and closings stay on track. That local approach can make all the difference when timelines matter.
Mortgage Solutions Built
Around Real Life
Whether you’re relocating, buying your first Michigan home, or purchasing a second home near the water, Mercantile Bank offers mortgage options designed to fit your goals. Our lenders take the time to understand your situation so we can recommend solutions that work for you, rather than forcing you into a one‑size‑fits‑all approach.
A Relationship That Lasts
Beyond Closing Day
At Mercantile Bank, we offer more than a mortgage, with home loan options and everyday banking solutions designed to support you before, during, and after your move.
Finding a local Realtor
Your home search starts with Mercantile! We can help build out your Homeownership Team, including local realtors and title companies. That's one perk about working with Merc- we only use local experts to ensure they have market knowledge. Your homeownership journey starts by completing this form.
Taxes in Michigan
Michigan property taxes work a little differently than in most states but once you know the basics, they’re easy to follow - and Merc will help explain everything to you!
When you buy a home, your property taxes are based on a taxable value, which usually starts at about half of the home’s market value. After that first year, state law limits how much that taxable value can increase each year, even if home prices jump. Tax rates are set locally, so taxes can vary by city, township, and school district. If the home is your primary residence, you may qualify for a Principal Residence Exemption, which can lower your tax bill. Most homeowners pay property taxes twice a year, once in the summer and once in the winter. Just one of those “Pure Michigan” quirks worth knowing before you move.
Basements are common and multifunctional.
Homes are built for cold weather.
Water management matters.
Older housing stock is normal.
Wells and septic systems are common outside cities.
Garages are more than a nice‑to‑have.
Lake culture influences home design.
Townships and cities vary a lot.
