Select your Scenario
Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
See Safe Rate's top scoring lenders for Anchorville
We rank active Anchorville lenders across our 5 P's of mortgage shopping. No pay to play, independent rankings.
Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 6.882%APR 6.918% | 0 pts$0 | $2,043/moP&I $2,043 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.018%APR 6.787% | 0 pts$0 | $2,044/moP&I $1,900 · MI $145 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.964%APR 6.014% | 0 pts$0 | $1,856/moP&I $1,856 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.844%APR 6.880% | 0 pts$0 | $2,035/moP&I $2,035 · MI $0 | See details |
| Investment Property FixedConforming | 7.597%APR 7.638% | 0 pts$0 | $2,194/moP&I $2,194 · MI $0 | See details |
Personalize the rates on this page
Tell us your home budget and credit score to see exact payments and find your best-fit loan program instantly.
Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 5.964% | 6.014% | 0 pts ($0) | $2,616/mo | $52,050 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.950% | 6.001% | 0 pts ($0) | $3,268/mo | $72,480 |
Condo 10% Down | 10% | 720 credit score | 7.117% | 7.284% | 0 pts ($0) | $2,354/mo | $82,442 |
Conventional 10% Down | 10% | 720 credit score | 6.577% | 6.732% | 0 pts ($0) | $2,228/mo | $76,754 |
Conventional 20% Down | 20% | 740 credit score | 6.882% | 6.918% | 0 pts ($0) | $2,043/mo | $63,156 |
Conventional 5% Down | 5% | 700 credit score | 6.997% | 7.474% | 0 pts ($0) | $2,455/mo | $85,687 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.323% | 7.362% | 0 pts ($0) | $2,669/mo | $91,685 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,299/mo | $77,889 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.788% | 7.163% | 0 pts ($0) | $2,454/mo | $88,509 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.844% | 6.880% | 0 pts ($0) | $2,544/mo | $86,075 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,206/mo | $76,429 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.018% | 6.787% | 0 pts ($0) | $2,291/mo | $80,451 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,354/mo | $82,395 |
FHA Streamline Refi | 0% | 640 credit score | 6.188% | 6.960% | 0 pts ($0) | $2,418/mo | $85,389 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.970% | 7.213% | 0 pts ($0) | $2,448/mo | $88,708 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,430/mo | $47,583 |
Investment Property 25% Down | 25% | 740 credit score | 7.597% | 7.638% | 0 pts ($0) | $2,057/mo | $65,492 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,094/mo | $65,432 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,259/mo | $69,260 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.389% | 7.165% | 0 pts ($0) | $2,383/mo | $84,706 |
Second Home 10% Down | 10% | 720 credit score | 6.042% | 6.617% | 0 pts ($0) | $2,106/mo | $71,127 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,043/mo | $63,175 |
VA 0% Down | 0% | 700 credit score | 6.012% | 6.255% | 0 pts ($0) | $2,382/mo | $78,604 |
VA Cash-Out Refi | 0% | 640 credit score | 6.023% | 6.390% | 0 pts ($0) | $2,385/mo | $78,736 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.047% | 6.199% | 0 pts ($0) | $2,391/mo | $79,022 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,138/mo | $67,626 |
Frequently Asked Questions
What are today's mortgage rates in 48004, , MI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 48004, , MI is 6.882% (with an estimated monthly payment of $2,450). Active program rates also include FHA 30-year fixed loans at 6.018% and VA 0%-down fixed loans at 6.012%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 48004, , MI?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in 48004, , MI have fluctuated between a low of 6.499% and a high of 6.960%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in 48004, , MI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $388,466 in 48004, , MI, a standard 20%-down Conventional loan requires an upfront cash down payment of $77,693 but keeps your monthly payment lower at $2,450/mo (at 6.882% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,596 (3.5% down) but has an estimated payment of $2,748/mo (at 6.018% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $374,870 falls comfortably within the local HUD FHA loan limit of $541,287 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 48004 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 48004 is $806,501. With a typical local home value of $388,466 in , a standard 20%-down mortgage requires a loan size of $310,773. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in 48004, , MI impact estimated mortgage payments?
The median home value in 48004, , MI is estimated at $388,466. Buying a typical home here with a standard 20% down payment ($77,693) translates to an estimated starting monthly mortgage payment of $2,450 (principal and interest). Compared to the local area median household income of $96,042 ($8,004/mo), this basic housing payment represents approximately 30.6% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.