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Mortgage Broker in Bingham Farms, MI

From a Bingham Woods townhouse off Telegraph to an acre lot on Bingham Road, one Michigan broker prices your loan with multiple wholesale lenders and builds the payment from the parcel's own school district, its two summer tax bills and any road assessment on the street.

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Buying a home in Bingham Farms

Tucked into Southfield Township along the Franklin Branch of the Rouge River, Bingham Farms is one of Oakland County's smallest villages, barely 1.22 square miles and roughly 1,077 residents. Incorporated in 1955, it famously kept its roads unpaved until 1984 to slow development, and that low-density, wooded character still defines it. The eastern edge along Telegraph Road holds a dense office district of two- and four-story professional buildings, while the interior is quiet, winding residential streets. Most homes here are owner-occupied, on lots of one to two and a half acres.

By the numbers

Bingham Farms housing and mortgage snapshot

Values move. Treat these as orientation and let us pull current figures for the address you are considering.

$580,000

Typical home value, from the market research on this page

+33%

Typical rise in taxable value the year after a home sells in Southfield Township, 2026 Uncapping Study

1

Residential ZIP code: 48025

What financing looks like in Bingham Farms

Bingham Farms has only about 500 homes, too few sales to make a steady monthly median of its own. Redfin's figure for the whole 48025 ZIP code, which Bingham Farms shares with Beverly Hills and Franklin, was about $644,000 for July through September 2026, about 10% above the same months a year earlier, with homes selling in about 17 days on average. Census estimates for 2020 to 2024 put the village's own owner values near $580,500 at the middle, near $420,000 at the lower quarter and near $909,000 at the upper quarter, a spread that tracks the split between townhouses near Telegraph Road and houses on acre lots to the east.

Most purchases here fit a conventional loan. The 2026 conforming limit, $832,750, caps the amount borrowed, not the price, so a jumbo loan comes in only when the loan itself passes that figure, which in Bingham Farms mostly means the larger houses on estate lots. FHA's 2026 limit for Oakland County is $541,287. The price cap on MSHDA's MI Home Loan is $566,355. Both sit above the village's lower quarter, so they mainly reach the attached homes. MSHDA's MI 10K adds $10,000 toward the down payment for eligible buyers and is repaid when the home is sold, refinanced or paid off, or stops being the owner's residence. Any loan on a Bingham Woods, Bingham Pointe or Outland Trail home also has to clear a review of the condominium association.

Three local details reach the loan file. The village sends its own tax bill on July 1, due August 31, in addition to Southfield Township's summer and winter bills, so the escrow deposit at closing depends on how close to July you close. About 7% of the village's land sits in FEMA's high-risk flood zone along the Franklin Branch of the Rouge, where any loan from a government-backed lender needs flood insurance. And the village is rebuilding its streets in phases, with Coachlight Lane and Old Stage Road listed as special assessment roads, so the title work should show whether a road assessment is still owed on the lot.

Two summer tax bills: the village bill is due August 31 and Southfield Township's on September 14, and together they carried about six sevenths of a 2025 homestead's tax.

The market

The Bingham Farms housing market

Census figures put the median home value around $580,500, but active listings skew well above that: current median list prices have run from the low-$600s into the $800s depending on the source, and the stock ranges from high-$400s ranches up to estates approaching $5 million. Homes here sell in about 38 days on average, faster than the national norm, with attached homes in Bingham Woods and Bingham Pointe often turning in 10 to 35 days. Demand is driven by Birmingham-district schools, the wooded lots, and easy Telegraph/M-10 access to Detroit's northern job centers. Limited inventory in such a tiny village keeps well-prepared, well-positioned offers competitive.

Sub-markets

Bingham Farms from Telegraph Road east

A village of about 500 homes in three patterns: condominium townhouses near Telegraph, mid-size lots on a few planned streets, and estate lots across the north and east. Home counts are from the 2020 Census, lot densities from the 2021 master plan.

Townhouses by Telegraph

Bingham Woods, 191 units south of 13 Mile, and Bingham Pointe, 29 units north of it, sit between the office buildings and the houses. The master plan says every attached home in the village was built as an owner-occupied condominium. These are where FHA and MSHDA limits mostly reach.

Planned streets near 13 Mile

Old Stage Road, Coachlight Lane, Fromm Court, Britner Court, Sager Court and Outland Trail are planned at 0.8 to 2.5 homes per acre. Several of these are the streets the village is rebuilding now, so road assessments matter more here.

Estate lots north and southeast

Most of the village, planned at no more than 0.7 homes per acre, with most single-family lots between one and two and a half acres. Bingham Road's 1800s farmhouses sit here, and a quarter of village owners valued their homes above about $909,000.

The office corridor

The east side of Telegraph from 12 and a half Mile to 14 Mile holds the village's office district, with about 5,000 workers. No homes stand there today, but the master plan invites townhomes and three-story apartments at the back of the office lots.

Where to look

Bingham Farms neighborhoods

Bingham Woods, off Telegraph below 13 Mile

The village's largest group of homes: 191 townhouses, by the 2021 master plan's count, on River Crossing Street, Oakview Way, Overlook Circle and the short courts off them, with the four-story office buildings along Telegraph Road to the west and the Bingham Woods Club House, where village groups hold meetings. The Census block covering most of it counted 156 homes in 2020. The Franklin Branch of the Rouge runs through the ravines here, and about a tenth of that block's land falls in FEMA's high-risk zone, so check the unit's building against the flood map.

Bingham Pointe at Telegraph and 13 Mile

A 29-unit townhouse community on Bingham Pointe Drive, just north of 13 Mile and east of Telegraph, which the village planned as a step down from the offices on that corner to the single-family streets to the north and east. The Census block here counted 33 homes in 2020. The village office is a short walk south, inside an office building at 24255 Thirteen Mile Road. As in Bingham Woods, the association's budget and insurance are part of the loan review.

Bristol Lane, Britner Court and Sager Court

South of 13 Mile on the village's east side, named, like most village roads, for farm families: the land first homesteaded in 1833 was later split among the Adams, Bingham and Bristol families, among others. Bristol Lane, Bristol Court, Britner Court and Sager Court are all village-owned public roads. The master plan sets Britner and Sager courts at 0.8 to 2.5 homes per acre. The river runs close by, and about a fifth of the land in the Census block around Bristol Court sits in the high-risk flood zone.

Old Stage Road and Coachlight Lane

Two village streets north of 13 Mile, set aside in the master plan for lots smaller than the estate parcels around them. They are Phase 2 of the village's street improvement program: about 2,900 square yards of concrete torn out and replaced from late June 2026, plus a new catch basin where the two roads meet. The village calls them special assessment roads, so a buyer here should see the assessment's terms before closing.

Woodlynne Drive, Cardinal Lane and Shagwood Drive

The streets between Bingham Road and Old Stage Road just north of 13 Mile, with Fromm Court at the east end. The Census block that takes them in counted 68 homes in 2020 on about 15% of the village's land, and only about 3% of that block falls in the high-risk flood zone. Shagwood Drive is a public village road. Woodlynne Drive carries its own small special assessment, which the village budget passes through for a county-run pump, about $4,200 a year.

Bingham Road, the old farm road

The north to south road from 13 Mile to 14 Mile that gave the village its name, called Adams Road until it was renamed for the Bingham family. The village history traces houses still standing here to the 1800s: a Greek Revival farmhouse from the 1830s, a pegged post and beam house from about 1858, a Victorian from the early 1900s and an 1867 stone schoolhouse later turned into a home. An older house can bring a longer inspection and appraisal, so allow time for both.

Bingham Lane, Old Orchard Trail and Hickory Hollow

The north half of the village, which the master plan keeps for large estate lots at no more than 0.7 homes per acre. Bingham Lane, Old Orchard Trail and Hickory Hollow Lane are public village roads, while Timber Trail is now a walking path the village no longer plows. The Census block around Bingham Lane counted 61 homes in 2020 on about 13% of the village's land, with none of it in a FEMA high-risk zone. Old Orchard recalls the Bingham farm, which had 954 apple trees on 40 acres in 1900.

Outland Trail by 14 Mile

A condominium development off 14 Mile in the village's north end, with private open space that the master plan counts as one of only two recreation areas in Bingham Farms. The Outland family's stables and riding rings ran on 10 acres along the south side of 14 Mile until the mid 1970s. The plan sets Outland Trail at 0.8 to 2.5 homes per acre and asks that the wooded land just west of it stay at estate density. A loan here goes through the same condominium review as the townhouses.

Deauville Court and the Telegraph and 14 Mile corner

The village's northwest corner, around Bingham Court and Deauville Court, where the land reaches its highest point, about 754 feet, nearly 100 feet above the river valley in the southeast. The Census block here counted 22 homes in 2020 across about 14% of the village's land. The southeast corner of 14 Mile and Telegraph has village approval, from 2019, for an office building and senior living, and the plan says townhomes or small offices should follow if that project is not built.

Brooks Lane at 12 Mile

The village's southeast corner, just north of 12 Mile, where the land dips to its lowest point, about 656 feet, in the Rouge valley. This corner is different on paper: by Census lines it carries the Southfield ZIP code 48034 and lies in Southfield Public Schools, and Treasury lists a separate 2025 homestead rate for it, 40.81 mills. The 2020 Census counted 7 homes in the block here, and about a fifth of its land is in the high-risk flood zone. Brooks Lane is a public village road.

Schools and commute

Schools

By the Census Bureau's district lines, Birmingham Public Schools covers all but about 1 in 50 acres of the village. The district's attendance map puts nearly all of it in the zone for Bingham Farms Elementary, on 13 Mile inside the village, which feeds Berkshire Middle School on 14 Mile and Groves High School on 13 Mile, both in Beverly Hills. The village's own schools page also lists Covington School in Bloomfield Hills and Seaholm High School in Birmingham. The exception is the southeast corner near 12 Mile, about 2% of the land and one Census block of 7 homes in 2020, which lies in Southfield Public Schools. That changes the tax bill: in 2025 the homestead total was 35.64 mills with Birmingham schools and 40.81 with Southfield schools, about $517 a year apart for every $100,000 of taxable value. Birmingham Public Schools asks families to confirm any address at 248-203-3000, and the parcel record shows which district levies on the lot.

Commute

Telegraph Road (US-24) is the village's west edge, and SMART buses stop along it inside the village. From the village office at 13 Mile and Telegraph, OSRM routes downtown Detroit at about 21 miles and 30 minutes outside rush hour, 2.6 miles down Telegraph to the Lodge (M-10) and then the Lodge most of the way in. The I-696 and M-10 interchange near 11 Mile is about 8 minutes south, Southfield City Hall about 9 minutes, downtown Birmingham about 12 minutes by Telegraph and Maple, and Corewell Health William Beaumont University Hospital in Royal Oak about 10 minutes east on 13 Mile. Stellantis in Auburn Hills is about 19 minutes up Telegraph and I-75, Troy City Hall about 20 minutes, and Detroit Metro Airport about 41 minutes by Telegraph and I-94. Oakland County's list of its largest employers, built from Crain's data, puts Corewell Health first and names Lear with a Southfield headquarters, and the master plan counts about 5,000 people working in the office parks on Telegraph inside the village. Census estimates say about a third of working residents work from home, and more than half of those who commute get there in under 25 minutes.

Michigan property taxes

Bingham Farms property taxes after you buy

The year after a Michigan home sells, its taxable value resets to half of the assessor's market value, so the seller's tax bill is not your tax bill.

In Southfield Township, which assesses Bingham Farms, our 2026 Uncapping Study found taxable value typically rises about 33% the year after a sale. On a $600,000 home, near the typical Bingham Farms value, that is roughly $3,060 more in first-year tax at the higher of the village's homestead millages. We build your payment on that post-sale number.

Looking at a Bingham Farms address? Our Michigan property tax calculator finds that property's published 2025 millage and works out the tax to plan for after you buy.

In Samantha's words

Don't build your budget around somebody else's tax bill. The seller's tax history tells us something about the property. It does not automatically tell us what your taxes are going to look like as the new owner.

2025 homestead millage

What a Bingham Farms tax bill compares with

Homestead totals from Michigan Treasury's 2025 table. One mill is a dollar of tax for every $1,000 of taxable value. The estimate above uses the higher of the village's two rates, the one for the Southfield schools corner, so it errs on the high side for most addresses.

Most of the village: 35.64

Bingham Farms with Birmingham Public Schools: 10 mills on the village bill and 25.64 on Southfield Township's two bills, about $3,564 a year per $100,000 of taxable value.

The 12 Mile corner: 40.81

The same village with Southfield Public Schools, about $517 more per $100,000. Only a sliver of land near Brooks Lane carries this rate.

Franklin, west: 35.14

Across Telegraph Road, the next village in Southfield Township and the same school district, about $50 under Bingham Farms per $100,000.

Beverly Hills, east: 39.24

The third village in the township, with a larger village levy, about $361 more than Bingham Farms per $100,000.

Across 14 Mile: 36.59

Bloomfield Township with Bloomfield Hills Schools, about $95 more per $100,000 than the Birmingham side of Bingham Farms.

A rental or second home: 49.02

The non-homestead total in Bingham Farms, about $1,338 more per $100,000 than a homestead pays. Below 12 Mile, the City of Southfield's homestead rate with Southfield schools was 57.02.

Village specifics

Questions to settle on a Bingham Farms house

Bingham Farms is small, and most of what surprises buyers here sits in a village or county record.

  • Which village and district. A 48025 address can be in Bingham Farms, Franklin or Beverly Hills. The village says assessing is handled by Oakland County, so the county's Equalization Division has the parcel's taxing unit and current taxable value, including whether it is the Birmingham or Southfield schools rate.
  • Both summer bills. Ask for the village bill and both township bills. The village's tax page explains its July 1 bill and the 1% monthly penalty after August 31, and the township's treasurer page lists its current rates.
  • Road and pump assessments. Check the village's road project page for the street, and ask the title company to show any special assessment still owed, from the road phases or the Woodlynne pump.
  • The condominium association. For Bingham Woods, Bingham Pointe or Outland Trail, get the budget, reserves, insurance and any leasing rules early. The lender reviews the association as well as the unit.
  • The river. If the lot slopes toward the Franklin Branch, look the address up on FEMA's Flood Map Service Center and price flood coverage before the inspection period ends.
  • Water and sewer. The county runs both. Its Bingham Farms water page links the latest water quality report, and the county handles water billing and meter readings, so ask the seller to close out the account.
  • Plans to build or add on. The village's new homes and renovations page sends exterior work through the village office first, with most permits issued by the City of Southfield.
  • The paperwork after closing. The property transfer affidavit and the principal residence exemption are filed with Southfield Township at 18550 W. 13 Mile Road, 248-540-3420, not with the village. Both forms are on the township's forms page, and without the exemption the home is billed at the 49.02-mill non-homestead rate.

The village-wide Census figures on this page come from a small survey sample with wide margins, so recent sales on the street carry more weight when you price an offer.

What our clients say

5.0 on Google across 128 reviews

★★★★★
As a first-time homebuyer in Ferndale, I was unsure of some things. Samantha was awesome. She was extremely helpful and made sure I understood every part of the process.
Peter RosaAugust 2026
★★★★★
Want to shout out Samantha for the expert guidance, made my first-time homebuyer experience seamless! It exceeded expectations and was a stress free process throughout. Grateful for all your help and loving my new home in Bloomfield Hills!
MichaelJuly 2026
★★★★★
Samantha Shelton is amazing!! She helped me get into my first home in Ferndale. The closing process was easy I was able to take care of everything without taking a day off of work. Being a first time homebuyer was stressful but she provided clear communication and true experience guidance throughout the entire process
Jeffery HolleyFebruary 2026
★★★★★
Can’t say enough great things about Samantha and her team at Align Lending! Highly recommend
Justin BartonJune 2024

Individual experiences. Results vary.

Bingham Farms mortgage questions

If yours is not here, ask it on the call. There are no dumb questions.

What does a Bingham Farms home cost in 2026?

The village is too small for a steady monthly median, so start with the ZIP code. Redfin’s median for 48025, which also covers Beverly Hills and Franklin, was about $644,000 from July through September 2026, roughly 10% above a year earlier, and homes sold in about 17 days on average. Census estimates for the village itself, owners’ own answers pooled over 2020 to 2024, put the middle near $580,500 with a quarter of homes above about $909,000 and a quarter below about $420,000. The townhouses near Telegraph Road and the acre lots on the north end price very differently, so we pull recent sales on the street before you write an offer.

Check the parcel, not the mailing line. ZIP code 48025 is shared: by Census boundaries Beverly Hills holds about half of its land, Franklin about a third and Bingham Farms about a seventh, and all three are villages inside Southfield Township with different village levies. The village history notes that early Bingham Farms mail even carried a Birmingham address. In the other direction, a few homes in the village’s southeast corner by 12 Mile sit in Census ZIP 48034, the Southfield ZIP code. The county parcel record names the taxing village, and we read it before we estimate a payment.

Almost always Birmingham Public Schools, which covers all but about 1 in 50 acres of the village by Census lines. The southeast corner near 12 Mile is in Southfield Public Schools, and Michigan Treasury gives it its own 2025 homestead rate, 40.81 mills against 35.64 for the rest of the village. That is about $517 more a year for every $100,000 of taxable value. Bingham Farms Elementary serves nearly all of the Birmingham side, and the district asks you to confirm any address at 248-203-3000.

Because the village and the township bill separately. Bingham Farms mails its own bill on July 1, payable without penalty through August 31, with 1% a month added from September 1. It covers village roads, library service, trash, police and fire, 10 mills in 2025 and 2026. Southfield Township mails a summer bill on July 1, due by September 14, and a winter bill on December 1, due by February 14, for the school, county, state and college levies. In 2025 the two summer bills carried about six sevenths of a homestead’s total of 35.64 mills, so an escrow account collects more at closing the nearer the closing date is to July.

Sampling FEMA’s flood map across the village, we found about 7% of its land in the high-risk zone, and about four fifths of that is floodway right along the channel. The Franklin Branch of the Rouge River runs north to south through the village, and most of the high-risk land lies south of 13 Mile, in the ravines around Bingham Woods, Bristol Court and the 12 Mile corner. A home in that zone financed by a government-backed lender must carry flood insurance, so we price the policy before you commit to an offer.

The village’s water and sewer systems are run by the Oakland County Water Resources Commissioner, not by the village. The water is bought from the Southeastern Oakland County Water Authority, which buys it from the Great Lakes Water Authority’s Lake Huron plant in Port Huron. The county’s 2025 water quality report counts 368 service lines in the village and none of them lead. If a listing mentions a private well or septic system, ask for its records early, because the lender may want them inspected. The commissioner’s office answers at 248-858-0958.

Possibly, depending on the street. The village is rebuilding its public roads in three phases. The first is nearly finished, the second, Coachlight Lane and Old Stage Road, began in late June 2026, and a third is still to come. The village calls the Phase 2 streets special assessment roads, and its 2026 to 2027 budget carries special assessment income from both phases. Woodlynne Drive also has a small pump assessment. Ask the seller and the title company whether any installments remain, because they can be paid off at closing or stay with the lot.

Yes, with the village’s approval first. Plans for a new home go to the village’s engineering and planning consultants and then to the City of Southfield, which the village contracts with for building services and which issues most permits. The master plan keeps the north half and the southeast at estate density, no more than 0.7 homes per acre, so check the zoning before you count on splitting a lot. Tell us early if you plan to rebuild or add on, because the loan is set up differently for construction.

Talk with a local mortgage expert

Tell Samantha what you are trying to do in Bingham Farms and she will tell you what actually matters for your situation, including whether the timing is right.

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    Tell us what you are trying to do

    Not what product you want. What you are actually trying to accomplish.

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    Samantha looks at your situation

    She works out what matters most for you specifically.

  3. 3

    You leave with a plan

    Your options, the tradeoffs, and your next step. No obligation to go further.

Align Lending LLC, NMLS #2041154. Samantha Shelton, NMLS 1647301. Equal Housing Opportunity. Licensed in Michigan, Ohio, North Carolina, Florida, Louisiana and Texas. Figures on this page are market research for orientation, not a quote. This page is for educational purposes only. It is not a credit decision, a preapproval, a commitment to lend, or an offer of credit.

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