Mortgage Lender in Commerce Township, MI
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Commerce Township runs along the Huron River chain in western Oakland County, nine miles from the Waterford office. Union Lake, Lower Straits Lake and Proud Lake Recreation Area define it, and the township has absorbed a lot of newer housing without losing the lake-community character that drives its pricing. It is supply constrained in the way lake communities usually are: the water cannot be added to, so waterfront holds value through soft patches better than the surrounding stock.
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The average home value in Commerce Township ran about $386,637 in July 2026, up roughly 3.5% year over year, while the median list price sat closer to $565,000 because listed inventory skews to lakefront and larger homes (Zillow). Those two numbers are measuring different houses, and the gap between them is the clearest signal of how split this market is. Well-priced homes go pending in about 29 days.
The Commerce Township average home value ran about $386,637 in July 2026, up roughly 3.5% year over year (Zillow). Inside 48390 the spread is wide because of the municipal overlap: Walled Lake city housing runs closer to $280,000, township subdivision stock sits nearer the township average, and Lower Straits and Union Lake frontage runs far above both. Well-priced homes go pending in about 29 days.
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Commerce Township Real Estate & Mortgage Overview
An appraisal on the Huron chain rests on comparable shoreline sales, which are thinner on the ground than subdivision comps. That makes appraiser selection matter more here than it does inland, and it is worth asking your lender about before the order is placed rather than after the number comes back low. Outside the sewer district, expect a well and a septic field. Conventional loans generally take them as they come. FHA and VA do not: each wants a potability test on the well, an evaluation of the septic system, and enough separation between the two to satisfy the appraiser. Get those ordered at the start of the contract rather than the end, since a failed separation distance rarely has a quick fix.
What it's Like to Live in Commerce Township
48382 by water:
- Union Lake and Lower Straits frontage ($600,000 to $1.4M): all-sports water on the Huron chain, the top of the market.
- Lake-access streets ($400,000 to $600,000): dock rights without the frontage premium.
- Newer subdivisions ($380,000 to $550,000): most of the recent volume.
- Older off-water housing ($260,000 to $370,000): the affordable entry, often on well and septic.
48390 by municipality:
- Lower Straits and Union Lake frontage (township) ($600,000 to $1.4M): the top of the market.
- Commerce Township subdivisions ($380,000 to $550,000): the bulk of township sales volume.
- City of Walled Lake ($230,000 to $330,000): compact, walkable, the most affordable housing in the ZIP.
- Wolverine Lake village ($320,000 to $520,000): lake access in a small, separate municipality.
Commerce Township covers residential ZIP codes 48382 and 48390.
The Process
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- Explore Your Loan Options - We take the time to explain the different mortgage programs you qualify for, including fees, taxes, and insurance.
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- Expert Representation - Agent compensation is agreed in writing before you start touring, so you know that cost up front and can build it into your offer.
- Seamless Home Research - We’ll connect you with a trusted agent to make your homebuying journey as smooth as possible.
- The Fun Begins - Shopping for your new home is an exciting experience-picture your future, explore possibilities, and find the perfect fit for your family.
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- Strategic Offer Support -We collaborate with your agent to ensure your offer is as strong as possible.
- Fast & Efficient Closing - Once your offer is accepted, we work to close your mortgage in less than two weeks.
- Move Into Your Dream Home - Before you know it, the keys are in your hand and you’re settling in!
Commerce Township Mortgage FAQ's
Why is the list price in Commerce Township so much higher than the average home value?
Because they measure different things. The average home value was about $386,637 in July 2026 while the median list price sat near $565,000 (Zillow). Listed inventory skews heavily to lakefront and larger homes, so the list median describes what is for sale rather than what a typical house is worth.
Why do price estimates for 48390 vary so much?
Because the ZIP covers three municipalities: Commerce Township, the City of Walled Lake and part of Wolverine Lake. A ZIP-level estimate blends a small dense city with township lake property. Commerce Township’s average home value was about $386,637 in July 2026 (Zillow), while City of Walled Lake housing runs closer to $280,000.
How fast do homes sell here?
Well-priced homes go pending in roughly 29 days. Lakefront and homes in the strongest school zones move faster. A full pre-approval rather than a pre-qualification is worth having before you tour at that pace.
Will my tax bill differ depending on which municipality I buy in?
Yes. Millage differs between the City of Walled Lake and Commerce Township, and school district levies differ again. Confirm the municipality and district for the exact parcel. Expect your tax bill to differ from the seller’s. Michigan caps growth in taxable value while a home stays with one owner, and taxable value sits near half of market value to begin with. A transfer lifts the cap in the following year, so the honest estimate starts from your purchase price. Owner-occupants should file the Principal Residence Exemption, and the township treasurer can confirm the current millage.
Can I finance a home on well and septic?
Outside the sewer district, expect a well and a septic field. Conventional loans generally take them as they come. FHA and VA do not: each wants a potability test on the well, an evaluation of the septic system, and enough separation between the two to satisfy the appraiser. Get those ordered at the start of the contract rather than the end, since a failed separation distance rarely has a quick fix.
Which school district serves 48390?
Walled Lake Consolidated Schools serves most of this area. The district crosses municipal lines, so it is not a reliable proxy for which city or township a home sits in, and both matter to your tax bill.
Can I finance lake frontage here?
Yes. An appraisal on the Huron chain rests on comparable shoreline sales, which are thinner on the ground than subdivision comps. That makes appraiser selection matter more here than it does inland, and it is worth asking your lender about before the order is placed rather than after the number comes back low. Above the Oakland County conforming limit the file becomes a jumbo, which asks for stronger credit and more reserves.
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Michigan Counties We Serve: Genesee, Lapeer, Lenawee, Livingston, Macomb, Monroe, Oakland, Saint Clair, Washtenaw, Wayne
If you’re in or around any of the locations listed above, Align Lending  has you covered! Contact us to make a service appointment now!
