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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 | 6.891%APR 6.927% | 0 pts$0 | $2,263/moP&I $2,263 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.034%APR 6.804% | 0 pts$0 | $2,266/moP&I $2,106 · MI $160 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 5.982%APR 6.033% | 0 pts$0 | $2,058/moP&I $2,058 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.922%APR 6.958% | 0 pts$0 | $2,270/moP&I $2,270 · MI $0 | See details |
| Investment Property FixedConforming | 7.614%APR 7.655% | 0 pts$0 | $2,432/moP&I $2,432 · 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 | 5.982% | 6.033% | 0 pts ($0) | $2,899/mo | $57,778 |
15-Year Rate/Term Refi | 0% | 740 credit score | 5.941% | 5.992% | 0 pts ($0) | $3,614/mo | $80,095 |
Condo 10% Down | 10% | 720 credit score | 7.133% | 7.301% | 0 pts ($0) | $2,609/mo | $91,417 |
Conventional 10% Down | 10% | 720 credit score | 6.589% | 6.744% | 0 pts ($0) | $2,468/mo | $85,075 |
Conventional 20% Down | 20% | 740 credit score | 6.891% | 6.927% | 0 pts ($0) | $2,263/mo | $69,982 |
Conventional 5% Down | 5% | 700 credit score | 7.003% | 7.481% | 0 pts ($0) | $2,718/mo | $94,895 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.333% | 7.372% | 0 pts ($0) | $2,957/mo | $101,589 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,544/mo | $86,192 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.800% | 7.175% | 0 pts ($0) | $2,718/mo | $98,095 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.922% | 6.958% | 0 pts ($0) | $2,837/mo | $96,261 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,547/mo | $84,576 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.034% | 6.804% | 0 pts ($0) | $2,540/mo | $89,230 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,604/mo | $91,178 |
FHA Streamline Refi | 0% | 640 credit score | 6.220% | 6.993% | 0 pts ($0) | $2,685/mo | $94,912 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.978% | 7.222% | 0 pts ($0) | $2,711/mo | $98,263 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,689/mo | $52,656 |
Investment Property 25% Down | 25% | 740 credit score | 7.614% | 7.655% | 0 pts ($0) | $2,280/mo | $72,638 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $2,317/mo | $72,407 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,500/mo | $76,643 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.403% | 7.179% | 0 pts ($0) | $2,641/mo | $93,914 |
Second Home 10% Down | 10% | 720 credit score | 5.942% | 6.514% | 0 pts ($0) | $2,305/mo | $77,546 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,261/mo | $69,909 |
VA 0% Down | 0% | 700 credit score | 6.028% | 6.272% | 0 pts ($0) | $2,641/mo | $87,195 |
VA Cash-Out Refi | 0% | 640 credit score | 6.040% | 6.408% | 0 pts ($0) | $2,644/mo | $87,353 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.064% | 6.216% | 0 pts ($0) | $2,651/mo | $87,670 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,365/mo | $74,834 |
Frequently Asked Questions
What are today's mortgage rates in 48382, , MI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 48382, , MI is 6.891% (with an estimated monthly payment of $2,336). Active program rates also include FHA 30-year fixed loans at 6.034% and VA 0%-down fixed loans at 6.028%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 48382, , 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 48382, , MI have fluctuated between a low of 6.509% and a high of 6.970%. 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 48382, , MI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $429,876 in 48382, , MI, a standard 20%-down Conventional loan requires an upfront cash down payment of $85,975 but keeps your monthly payment lower at $2,336/mo (at 6.891% interest) with no monthly PMI. In comparison, an FHA loan requires only $15,046 (3.5% down) but has an estimated payment of $2,622/mo (at 6.034% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $414,830 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 48382 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 48382 is $806,501. With a typical local home value of $429,876 in , a standard 20%-down mortgage requires a loan size of $343,901. 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 48382, , MI impact estimated mortgage payments?
The median home value in 48382, , MI is estimated at $429,876. Buying a typical home here with a standard 20% down payment ($85,975) translates to an estimated starting monthly mortgage payment of $2,336 (principal and interest). Compared to the local area median household income of $135,903 ($11,325/mo), this basic housing payment represents approximately 20.6% 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.