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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 | 7.047%APR 7.091% | 0 pts$0 | $1,031/moP&I $1,031 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.101%APR 6.879% | 0 pts$0 | $1,024/moP&I $952 · MI $72 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.298%APR 6.363% | 0 pts$0 | $955/moP&I $955 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.981%APR 7.027% | 0 pts$0 | $1,025/moP&I $1,025 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.747% | 0 pts$0 | $1,092/moP&I $1,092 · 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 | 6.298% | 6.363% | 0 pts ($0) | $1,327/mo | $27,338 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.268% | 6.335% | 0 pts ($0) | $1,656/mo | $37,766 |
Condo 10% Down | 10% | 720 credit score | 7.374% | 7.556% | 0 pts ($0) | $1,199/mo | $42,281 |
Conventional 10% Down | 10% | 720 credit score | 6.842% | 7.009% | 0 pts ($0) | $1,137/mo | $39,496 |
Conventional 20% Down | 20% | 740 credit score | 7.047% | 7.091% | 0 pts ($0) | $1,031/mo | $32,126 |
Conventional 5% Down | 5% | 700 credit score | 7.124% | 7.614% | 0 pts ($0) | $1,234/mo | $43,248 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.488% | 7.536% | 0 pts ($0) | $1,347/mo | $46,485 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,141/mo | $38,674 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.788% | 7.169% | 0 pts ($0) | $1,218/mo | $43,948 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.981% | 7.027% | 0 pts ($0) | $1,281/mo | $43,535 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,592/mo | $37,949 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.101% | 6.879% | 0 pts ($0) | $1,148/mo | $40,419 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,169/mo | $40,911 |
FHA Streamline Refi | 0% | 640 credit score | 6.296% | 7.077% | 0 pts ($0) | $1,214/mo | $43,035 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.086% | 7.339% | 0 pts ($0) | $1,230/mo | $44,687 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,207/mo | $23,627 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.747% | 0 pts ($0) | $1,024/mo | $32,641 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,040/mo | $32,489 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,122/mo | $34,390 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.462% | 7.246% | 0 pts ($0) | $1,192/mo | $42,475 |
Second Home 10% Down | 10% | 720 credit score | 6.114% | 6.698% | 0 pts ($0) | $1,054/mo | $35,692 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,015/mo | $31,368 |
VA 0% Down | 0% | 700 credit score | 6.121% | 6.372% | 0 pts ($0) | $1,197/mo | $39,675 |
VA Cash-Out Refi | 0% | 640 credit score | 6.123% | 6.500% | 0 pts ($0) | $1,197/mo | $39,687 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.148% | 6.308% | 0 pts ($0) | $1,200/mo | $39,835 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,061/mo | $33,578 |
Frequently Asked Questions
What are today's mortgage rates in 48747, Robin Glen-Indiantown, MI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 48747, Robin Glen-Indiantown, MI is 7.047% (with an estimated monthly payment of $1,067). Active program rates also include FHA 30-year fixed loans at 6.101% and VA 0%-down fixed loans at 6.121%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 48747, Robin Glen-Indiantown, 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 48747, Robin Glen-Indiantown, MI have fluctuated between a low of 6.927% and a high of 7.177%. 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 48747, Robin Glen-Indiantown, MI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $192,885 in 48747, Robin Glen-Indiantown, MI, a standard 20%-down Conventional loan requires an upfront cash down payment of $38,577 but keeps your monthly payment lower at $1,067/mo (at 7.047% interest) with no monthly PMI. In comparison, an FHA loan requires only $6,751 (3.5% down) but has an estimated payment of $1,187/mo (at 6.101% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $186,134 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 48747 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 48747 is $806,501. With a typical local home value of $192,885 in Robin Glen-Indiantown, a standard 20%-down mortgage requires a loan size of $154,308. 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 48747, Robin Glen-Indiantown, MI impact estimated mortgage payments?
The median home value in 48747, Robin Glen-Indiantown, MI is estimated at $192,885. Buying a typical home here with a standard 20% down payment ($38,577) translates to an estimated starting monthly mortgage payment of $1,067 (principal and interest). Compared to the local area median household income of $77,420 ($6,452/mo), this basic housing payment represents approximately 16.5% 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.