Michigan mortgage guides
Plain-English articles on Michigan home financing, MSHDA programs, the transfer tax, and the real numbers that move a deal. Written by Mike Certo, NMLS #260555.
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Closing costs ·
The Michigan transfer tax, explained: the seller pays, and one refund most people miss.
Michigan's transfer tax is seller-paid at about $8.60 per $1,000. Here is how it works and how a principal-residence seller can reclaim the state portion with Form 2796.
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More Michigan guides are on the way. In the meantime, the first-time buyer guide and the down payment assistance guide cover the essentials.