Otter Lake Homes with FHA 203K Financial terms

Welcome to Otter Lake, Michigan – a hidden gem nestled in the heart of Lapeer County. Known for its serene landscapes and tight-knit community, Otter Lake offers a unique blend of small-town charm and natural beauty. This picturesque village is surrounded by lush forests and sparkling waters, making it an ideal spot for outdoor enthusiasts and families alike. With its tranquil atmosphere, Otter Lake is perfect for those seeking a peaceful retreat while still being within reach of urban conveniences.

For homebuyers looking to invest in this enchanting locale, the FHA 203K loan program opens up exciting opportunities. This financing option is designed for those who wish to purchase a home that may need a bit of tender loving care. Whether you're eyeing a quaint cottage by the lake or a spacious family home in the heart of the village, the FHA 203K loan allows you to finance both the purchase of the property and the cost of renovations all in one mortgage. This means you can transform a fixer-upper into your dream home without breaking the bank.

Otter Lake’s real estate market is ripe with potential, and with the FHA 203K program, buyers can explore homes that might otherwise be overlooked. Imagine the possibilities of customizing your living space while enjoying the vibrant community life that Otter Lake has to offer. From local parks to community events, this charming village is ready to welcome you home. Discover the magic of Otter Lake and start your journey today!

Newest Otter Lake Homes with FHA 203K Financial terms

$160,000

ACTIVE Status ⋅ 4 Beds ⋅ 1 Baths ⋅ 61009220 MLS

Welcome Home to Peace, Privacy & Small-Town Living! Minutes away from Otter Lake! Don't miss this spacious 4-bedroom, 1.5-bath ranch situated on approximately 3 beautiful acres offering the perfect blend of privacy and convenience. The property features a partially finished Michigan basement, attached 1-car garage with electricity, two additional storage sheds, and a partially completed privacy fence. Nature lovers will appreciate the multiple mature fruit trees, fruit vines, and producing plants, creating your own backyard orchard. Relax under the shade of mature trees or enjoy the open yard with endless possibilities for gardening, entertaining, or recreation. Major updates provide added peace of mind, including a new roof within the last 5 years and central heating and air conditioning replaced within the last 8 years. Located within walking distance to a convenience store, restaurant, and gas station, you'll enjoy small-town convenience while still having room to spread out. Outdoor enthusiasts will love the nearby bike trail and free beach access for swimming, fishing, and enjoying Michigan summers. Whether you're looking for your first home, a place to raise a family, or simply more room to enjoy the outdoors, this property offers an incredible opportunity with space, updates, and a desirable location. Schedule your private showing today!

6406 12th Street, Otter Lake

Listing Courtesy of Five Star Real Estate Davison, Office Phone: 810-991-9260

Start Your Search

Provided through IDX through Realcomp II Ltd. Courtesy of HamadyRobinson, REALTORS®. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing and that the data is deemed reliable but not guaranteed accurate by the MLS.