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 Washington
We rank active Washington 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 | 6.869%APR 6.904% | 0 pts$0 | $2,499/moP&I $2,499 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.003%APR 6.772% | 0 pts$0 | $2,500/moP&I $2,323 · MI $178 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.948%APR 5.997% | 0 pts$0 | $2,270/moP&I $2,270 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.828%APR 6.863% | 0 pts$0 | $2,489/moP&I $2,489 · MI $0 | See details |
| Investment Property FixedConforming | 7.582%APR 7.622% | 0 pts$0 | $2,683/moP&I $2,683 · 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 | 5.948% | 5.997% | 0 pts ($0) | $3,202/mo | $63,580 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.918% | 5.968% | 0 pts ($0) | $3,994/mo | $88,340 |
Condo 10% Down | 10% | 720 credit score | 7.101% | 7.268% | 0 pts ($0) | $2,878/mo | $100,777 |
Conventional 10% Down | 10% | 720 credit score | 6.566% | 6.721% | 0 pts ($0) | $2,725/mo | $93,874 |
Conventional 20% Down | 20% | 740 credit score | 6.869% | 6.904% | 0 pts ($0) | $2,499/mo | $77,210 |
Conventional 5% Down | 5% | 700 credit score | 6.989% | 7.466% | 0 pts ($0) | $3,004/mo | $104,849 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.314% | 7.352% | 0 pts ($0) | $3,267/mo | $112,176 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,816/mo | $95,406 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.777% | 7.151% | 0 pts ($0) | $3,002/mo | $108,262 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.828% | 6.863% | 0 pts ($0) | $3,111/mo | $105,204 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,926/mo | $93,618 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.003% | 6.772% | 0 pts ($0) | $2,802/mo | $98,333 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,883/mo | $100,925 |
FHA Streamline Refi | 0% | 640 credit score | 6.158% | 6.930% | 0 pts ($0) | $2,952/mo | $104,156 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.963% | 7.206% | 0 pts ($0) | $2,996/mo | $108,563 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,977/mo | $58,285 |
Investment Property 25% Down | 25% | 740 credit score | 7.582% | 7.622% | 0 pts ($0) | $2,515/mo | $80,059 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,565/mo | $80,148 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,767/mo | $84,836 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.376% | 7.151% | 0 pts ($0) | $2,915/mo | $103,574 |
Second Home 10% Down | 10% | 720 credit score | 6.026% | 6.600% | 0 pts ($0) | $2,575/mo | $86,917 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,503/mo | $77,382 |
VA 0% Down | 0% | 700 credit score | 5.998% | 6.240% | 0 pts ($0) | $2,914/mo | $96,078 |
VA Cash-Out Refi | 0% | 640 credit score | 6.009% | 6.376% | 0 pts ($0) | $2,917/mo | $96,239 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.031% | 6.182% | 0 pts ($0) | $2,924/mo | $96,560 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,618/mo | $82,834 |
Frequently Asked Questions
What are today's mortgage rates in 48094, , MI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 48094, , MI is 6.869% (with an estimated monthly payment of $2,563). Active program rates also include FHA 30-year fixed loans at 6.003% and VA 0%-down fixed loans at 5.998%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 48094, , 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 48094, , MI have fluctuated between a low of 6.491% and a high of 6.951%. 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 48094, , MI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $475,831 in 48094, , MI, a standard 20%-down Conventional loan requires an upfront cash down payment of $95,166 but keeps your monthly payment lower at $2,563/mo (at 6.869% interest) with no monthly PMI. In comparison, an FHA loan requires only $16,654 (3.5% down) but has an estimated payment of $2,874/mo (at 6.003% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $459,177 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 48094 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 48094 is $806,501. With a typical local home value of $475,831 in , a standard 20%-down mortgage requires a loan size of $380,665. 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 48094, , MI impact estimated mortgage payments?
The median home value in 48094, , MI is estimated at $475,831. Buying a typical home here with a standard 20% down payment ($95,166) translates to an estimated starting monthly mortgage payment of $2,563 (principal and interest). Compared to the local area median household income of $103,382 ($8,615/mo), this basic housing payment represents approximately 29.8% 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.