Shelby Township Mortgage Broker: Compare association costs and property obligations

Review the Shelby Township parcel information

The Shelby Township Assessing Department describes online access to assessment, building, current-tax, sale and special-assessment information. Use the property address or parcel number to begin the record review.

For a condo or a home with an association, request the documents that explain maintenance duties and charges. Ask about any pending assessments and the insurance you will need personally. A tax record is helpful, but it does not replace those association documents.

Compare a resale condo with a detached home

In an illustrative Shelby Township comparison, a condo may have a lower purchase price but monthly dues, while a detached home requires a separate maintenance reserve. Compare the lender’s project requirements and your likely ownership expenses rather than ranking the homes only by their asking prices.

Use the payment calculator with taxes, insurance and dues included. If your purchase depends on selling another home, discuss the cash and payment overlap before relying on expected proceeds. The preapproval guide can help organize the timing questions.

A dated market snapshot for your comparison

The August 2026 Realcomp local market report for Shelby Township records 582 residential and condo closings combined from January through August 2026. Combining each category’s reported average sale price by its number of closed sales gives an approximate average of $451,100, rounded to the nearest $100.

This calculation is an average of reported closed sales, not a median, asking price or appraisal. It excludes sale-concession and down-payment-assistance adjustments. Different property types and individual homes can sell well above or below it. The source report is current as of September 8, 2026.

Compare the mortgage with the cash you want to keep

For an eligible primary-home purchase, compare conventional financing, FHA options and, for eligible veterans and service members, VA loans. Use the same price and cost assumptions so differences in payment, fees and cash to close are visible.

If this is your first purchase, use the first-time buyer guide to organize the steps. If you own a business, bring income-documentation questions into the conversation early. Program availability and borrower, property and underwriting requirements apply.

Estimate taxes after the purchase

Do not assume the seller’s current tax bill will be your long-term bill. Michigan Treasury explains ownership transfers, taxable-value uncapping and exceptions. Ask the local assessor about the parcel and transfer, then read the Michigan buyer’s tax guide before finalizing a payment budget.

Are association dues the only condo cost to review?

No. Ask about special assessments, insurance responsibilities, maintenance duties and the lender’s project-review requirements. Confirm what applies to the specific unit and association.

Compare nearby Metro Detroit communities

Macomb Township · Rochester Hills · Troy.

Explore all Metro Detroit and Oakland County mortgage guides.