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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 | 6.958%APR 6.999% | 0 pts$0 | $1,069/moP&I $1,069 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.086%APR 6.861% | 0 pts$0 | $1,069/moP&I $994 · MI $75 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.112%APR 6.172% | 0 pts$0 | $979/moP&I $979 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.821%APR 6.864% | 0 pts$0 | $1,055/moP&I $1,055 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.707% | 0 pts$0 | $1,143/moP&I $1,143 · 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 | 6.112% | 6.172% | 0 pts ($0) | $1,372/mo | $27,727 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.107% | 6.170% | 0 pts ($0) | $1,714/mo | $38,564 |
Condo 10% Down | 10% | 720 credit score | 7.294% | 7.471% | 0 pts ($0) | $1,244/mo | $43,791 |
Conventional 10% Down | 10% | 720 credit score | 6.868% | 7.033% | 0 pts ($0) | $1,192/mo | $41,458 |
Conventional 20% Down | 20% | 740 credit score | 6.958% | 6.999% | 0 pts ($0) | $1,069/mo | $33,174 |
Conventional 5% Down | 5% | 700 credit score | 7.266% | 7.759% | 0 pts ($0) | $1,310/mo | $46,062 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.403% | 7.447% | 0 pts ($0) | $1,397/mo | $48,109 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,194/mo | $40,456 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.861% | 7.243% | 0 pts ($0) | $1,284/mo | $46,403 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.821% | 6.864% | 0 pts ($0) | $1,318/mo | $44,568 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,665/mo | $39,698 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.086% | 6.861% | 0 pts ($0) | $1,199/mo | $42,192 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,222/mo | $42,797 |
FHA Streamline Refi | 0% | 640 credit score | 6.281% | 7.060% | 0 pts ($0) | $1,268/mo | $44,926 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.229% | 7.483% | 0 pts ($0) | $1,305/mo | $47,573 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,262/mo | $24,715 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.707% | 0 pts ($0) | $1,071/mo | $34,145 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,088/mo | $33,986 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,173/mo | $35,974 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.449% | 7.231% | 0 pts ($0) | $1,246/mo | $44,355 |
Second Home 10% Down | 10% | 720 credit score | 6.091% | 6.672% | 0 pts ($0) | $1,099/mo | $37,211 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,061/mo | $32,814 |
VA 0% Down | 0% | 700 credit score | 6.107% | 6.356% | 0 pts ($0) | $1,250/mo | $41,416 |
VA Cash-Out Refi | 0% | 640 credit score | 6.112% | 6.487% | 0 pts ($0) | $1,251/mo | $41,447 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.119% | 6.276% | 0 pts ($0) | $1,252/mo | $41,491 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,110/mo | $35,125 |
Frequently Asked Questions
What are today's mortgage rates in 49312, , MI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 49312, , MI is 6.958% (with an estimated monthly payment of $1,293). Active program rates also include FHA 30-year fixed loans at 6.086% and VA 0%-down fixed loans at 6.107%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 49312, , 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 49312, , MI have fluctuated between a low of 6.617% and a high of 7.074%. 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 49312, , MI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $201,773 in 49312, , MI, a standard 20%-down Conventional loan requires an upfront cash down payment of $40,355 but keeps your monthly payment lower at $1,293/mo (at 6.958% interest) with no monthly PMI. In comparison, an FHA loan requires only $7,062 (3.5% down) but has an estimated payment of $1,449/mo (at 6.086% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $194,711 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 49312 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 49312 is $806,501. With a typical local home value of $201,773 in , a standard 20%-down mortgage requires a loan size of $161,418. 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 49312, , MI impact estimated mortgage payments?
The median home value in 49312, , MI is estimated at $201,773. Buying a typical home here with a standard 20% down payment ($40,355) translates to an estimated starting monthly mortgage payment of $1,293 (principal and interest). Compared to the local area median household income of $51,495 ($4,291/mo), this basic housing payment represents approximately 30.1% 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.