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For most people, finding the right home in East Lansing, Michigan is just the first step. Finding the right financing to buy a home is essential to make the home purchase occur! A home buyer has a choice of local mortgage lenders and national lenders advertising on the Web. Many home buyers find that using local East Lansing, Michigan lenders (with rates very comparable to online mortgage brokers) help ease some of the stress of moving. Home buyers have more personal service, and the mortgage companies have a better relationship with appraisers and other real estate professionals. Ask about adjustable rate loans if you are guaranteed to be relocated out of East Lansing within the next 5 years. I had a friend who found a 40 year adjustable with 5 year fixed rate. He knew that he had guaranteed relocation buy-out at the end of his assignment so he wasn’t worried about building equity. He ended up paying less than half in a mortgage payment than he would have paid in rent! Short on cash? There are many mortgage lenders in East Lansing that now offer 100% financing – no down payment certainly helps keep moving expenses down!
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The settlement of East Lansing began around 1847, the same year nearby Lansing was made the capital of the state of Michigan. Downtown East Lansing was an important junction of two major Native American trails: the Okemah Road, and the Park Lake Trail. By 1850, the Lansing and Howell Plank Road Company was established to connect a toll road to the Detroit and Howell Plank Road, improving travel between Detroit and Lansing, which cut right through what is now East Lansing. The toll road was finished in 1853, and included seven tollhouses between Lansing and Howell. Michigan Agricultural College (now Michigan State University) was founded in 1855 and established in what is now East Lansing in 1857. For the first four decades, the students and faculty lived almost entirely on the College campus. A few commuted from Lansing, and that number increased when the streetcar line was built in the 1890s, but there were few places to live in the then-rural area immediately around the campus. -- Source: Wikipedia.com
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Census Data for East Lansing, Michigan
| East Lansing | Michigan | United States | |
| Population | 46,525 | 9,938,444 | 281,421,906 |
| Median age | 21.7 | 35.5 | 35.3 |
| Median age for Male | 21.9 | 34.3 | 34 |
| Median age for Female | 21.5 | 36.6 | 36.5 |
| Households | 14,390 | 3,785,661 | 105,480,101 |
| Household population | 31,952 | 9,688,555 | 273,643,273 |
| Average household size | 2.22 | 2.56 | 2.59 |
| Families | 5,090 | 2,575,699 | 71,787,347 |
| Average family size | 2.82 | 3.1 | 3.14 |
| Housing units | 15,321 | 4,234,279 | 115,904,641 |
| Occupied units | 14,390 | 3,785,661 | 105,480,101 |
| Vacant units | 931 | 448,618 | 10,424,540 |
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