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 Clarkston
We rank active Clarkston 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 | 6.853%APR 6.888% | 0 pts$0 | $2,639/moP&I $2,639 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.985%APR 6.753% | 0 pts$0 | $2,640/moP&I $2,452 · MI $188 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.918%APR 5.966% | 0 pts$0 | $2,392/moP&I $2,392 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.893%APR 6.928% | 0 pts$0 | $2,649/moP&I $2,649 · MI $0 | See details |
| Investment Property FixedConforming | 7.554%APR 7.594% | 0 pts$0 | $2,830/moP&I $2,830 · 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 | 5.918% | 5.966% | 0 pts ($0) | $3,379/mo | $66,889 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.887% | 5.936% | 0 pts ($0) | $4,216/mo | $92,972 |
Condo 10% Down | 10% | 720 credit score | 7.072% | 7.238% | 0 pts ($0) | $3,035/mo | $106,179 |
Conventional 10% Down | 10% | 720 credit score | 6.545% | 6.699% | 0 pts ($0) | $2,876/mo | $98,988 |
Conventional 20% Down | 20% | 740 credit score | 6.853% | 6.888% | 0 pts ($0) | $2,639/mo | $81,459 |
Conventional 5% Down | 5% | 700 credit score | 6.976% | 7.452% | 0 pts ($0) | $3,173/mo | $110,695 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.297% | 7.335% | 0 pts ($0) | $3,449/mo | $118,372 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,978/mo | $100,895 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.757% | 7.131% | 0 pts ($0) | $3,168/mo | $114,197 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.893% | 6.928% | 0 pts ($0) | $3,312/mo | $112,243 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $4,152/mo | $99,004 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.985% | 6.753% | 0 pts ($0) | $2,958/mo | $103,724 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,049/mo | $106,732 |
FHA Streamline Refi | 0% | 640 credit score | 6.117% | 6.888% | 0 pts ($0) | $3,108/mo | $109,517 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.949% | 7.191% | 0 pts ($0) | $3,164/mo | $114,608 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $3,148/mo | $61,638 |
Investment Property 25% Down | 25% | 740 credit score | 7.554% | 7.594% | 0 pts ($0) | $2,653/mo | $84,346 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,712/mo | $84,759 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,926/mo | $89,717 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.356% | 7.130% | 0 pts ($0) | $3,076/mo | $109,236 |
Second Home 10% Down | 10% | 720 credit score | 6.000% | 6.573% | 0 pts ($0) | $2,715/mo | $91,564 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,647/mo | $81,835 |
VA 0% Down | 0% | 700 credit score | 5.982% | 6.224% | 0 pts ($0) | $3,076/mo | $101,359 |
VA Cash-Out Refi | 0% | 640 credit score | 5.989% | 6.355% | 0 pts ($0) | $3,078/mo | $101,467 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.002% | 6.152% | 0 pts ($0) | $3,083/mo | $101,668 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,769/mo | $87,600 |
Frequently Asked Questions
What are today's mortgage rates in 48348, , MI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 48348, , MI is 6.853% (with an estimated monthly payment of $2,806). Active program rates also include FHA 30-year fixed loans at 5.985% and VA 0%-down fixed loans at 5.982%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 48348, , 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 48348, , MI have fluctuated between a low of 6.474% and a high of 6.935%. 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 48348, , MI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $503,209 in 48348, , MI, a standard 20%-down Conventional loan requires an upfront cash down payment of $100,642 but keeps your monthly payment lower at $2,806/mo (at 6.853% interest) with no monthly PMI. In comparison, an FHA loan requires only $17,612 (3.5% down) but has an estimated payment of $3,145/mo (at 5.985% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $485,597 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 48348 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 48348 is $806,501. With a typical local home value of $503,209 in , a standard 20%-down mortgage requires a loan size of $402,567. 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 48348, , MI impact estimated mortgage payments?
The median home value in 48348, , MI is estimated at $503,209. Buying a typical home here with a standard 20% down payment ($100,642) translates to an estimated starting monthly mortgage payment of $2,806 (principal and interest). Compared to the local area median household income of $133,374 ($11,115/mo), this basic housing payment represents approximately 25.2% 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.