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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.
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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 | 6.839%APR 6.873% | 0 pts$0 | $2,440/moP&I $2,440 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.975%APR 6.743% | 0 pts$0 | $2,442/moP&I $2,268 · MI $174 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.891%APR 5.939% | 0 pts$0 | $2,209/moP&I $2,209 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.570%APR 6.603% | 0 pts$0 | $2,374/moP&I $2,374 · MI $0 | See details |
| Investment Property FixedConforming | 7.529%APR 7.568% | 0 pts$0 | $2,614/moP&I $2,614 · MI $0 | See details |
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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 | 5.891% | 5.939% | 0 pts ($0) | $3,124/mo | $61,658 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.893% | 5.942% | 0 pts ($0) | $3,906/mo | $86,188 |
Condo 10% Down | 10% | 720 credit score | 7.046% | 7.210% | 0 pts ($0) | $2,804/mo | $98,010 |
Conventional 10% Down | 10% | 720 credit score | 6.526% | 6.678% | 0 pts ($0) | $2,658/mo | $91,439 |
Conventional 20% Down | 20% | 740 credit score | 6.839% | 6.873% | 0 pts ($0) | $2,440/mo | $75,287 |
Conventional 5% Down | 5% | 700 credit score | 6.963% | 7.439% | 0 pts ($0) | $2,935/mo | $102,348 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.281% | 7.318% | 0 pts ($0) | $3,189/mo | $109,407 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,758/mo | $93,446 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.734% | 7.106% | 0 pts ($0) | $2,927/mo | $105,452 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.570% | 6.603% | 0 pts ($0) | $2,967/mo | $99,420 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,846/mo | $91,694 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.975% | 6.743% | 0 pts ($0) | $2,736/mo | $95,928 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,824/mo | $98,851 |
FHA Streamline Refi | 0% | 640 credit score | 6.104% | 6.874% | 0 pts ($0) | $2,875/mo | $101,245 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.937% | 7.178% | 0 pts ($0) | $2,927/mo | $105,985 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,916/mo | $57,087 |
Investment Property 25% Down | 25% | 740 credit score | 7.529% | 7.568% | 0 pts ($0) | $2,451/mo | $77,855 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,512/mo | $78,501 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,710/mo | $83,093 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.344% | 7.118% | 0 pts ($0) | $2,846/mo | $101,005 |
Second Home 10% Down | 10% | 720 credit score | 5.981% | 6.553% | 0 pts ($0) | $2,510/mo | $84,564 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,452/mo | $75,792 |
VA 0% Down | 0% | 700 credit score | 5.964% | 6.205% | 0 pts ($0) | $2,843/mo | $93,617 |
VA Cash-Out Refi | 0% | 640 credit score | 5.971% | 6.336% | 0 pts ($0) | $2,845/mo | $93,717 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 5.985% | 6.135% | 0 pts ($0) | $2,850/mo | $93,918 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,565/mo | $81,132 |
Frequently Asked Questions
What are today's mortgage rates in 48095, , MI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 48095, , MI is 6.839% (with an estimated monthly payment of $3,068). Active program rates also include FHA 30-year fixed loans at 5.975% and VA 0%-down fixed loans at 5.964%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 48095, , 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 48095, , MI have fluctuated between a low of 6.460% and a high of 6.920%. 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 48095, , MI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $466,053 in 48095, , MI, a standard 20%-down Conventional loan requires an upfront cash down payment of $93,211 but keeps your monthly payment lower at $3,068/mo (at 6.839% interest) with no monthly PMI. In comparison, an FHA loan requires only $16,312 (3.5% down) but has an estimated payment of $3,293/mo (at 5.975% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $449,741 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 48095 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 48095 is $806,501. With a typical local home value of $466,053 in , a standard 20%-down mortgage requires a loan size of $372,842. 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 48095, , MI impact estimated mortgage payments?
The median home value in 48095, , MI is estimated at $466,053. Buying a typical home here with a standard 20% down payment ($93,211) translates to an estimated starting monthly mortgage payment of $3,068 (principal and interest). Compared to the local area median household income of $108,061 ($9,005/mo), this basic housing payment represents approximately 34.1% 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.