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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 | 6.908%APR 6.944% | 0 pts$0 | $1,538/moP&I $1,538 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.942%APR 6.711% | 0 pts$0 | $1,524/moP&I $1,415 · MI $109 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.009%APR 6.061% | 0 pts$0 | $1,401/moP&I $1,401 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.755%APR 6.793% | 0 pts$0 | $1,515/moP&I $1,515 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.672% | 0 pts$0 | $1,652/moP&I $1,652 · 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 | 6.009% | 6.061% | 0 pts ($0) | $1,971/mo | $39,395 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.076% | 6.132% | 0 pts ($0) | $2,474/mo | $55,498 |
Condo 10% Down | 10% | 720 credit score | 7.188% | 7.358% | 0 pts ($0) | $1,780/mo | $62,478 |
Conventional 10% Down | 10% | 720 credit score | 6.610% | 6.766% | 0 pts ($0) | $1,679/mo | $57,904 |
Conventional 20% Down | 20% | 740 credit score | 6.908% | 6.944% | 0 pts ($0) | $1,538/mo | $47,614 |
Conventional 5% Down | 5% | 700 credit score | 7.026% | 7.505% | 0 pts ($0) | $1,849/mo | $64,595 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.351% | 7.391% | 0 pts ($0) | $2,010/mo | $69,104 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,726/mo | $58,496 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.819% | 7.195% | 0 pts ($0) | $1,848/mo | $66,736 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.755% | 6.793% | 0 pts ($0) | $1,893/mo | $63,861 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,407/mo | $57,399 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.942% | 6.711% | 0 pts ($0) | $1,707/mo | $59,766 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,768/mo | $61,880 |
FHA Streamline Refi | 0% | 640 credit score | 6.059% | 6.830% | 0 pts ($0) | $1,791/mo | $62,977 |
House Hacking Conforming 5% | 5% | 680 credit score | 6.993% | 7.237% | 0 pts ($0) | $1,843/mo | $66,814 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,825/mo | $35,736 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.672% | 0 pts ($0) | $1,549/mo | $49,370 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,572/mo | $49,141 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,696/mo | $52,015 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.300% | 7.075% | 0 pts ($0) | $1,773/mo | $62,849 |
Second Home 10% Down | 10% | 720 credit score | 5.947% | 6.520% | 0 pts ($0) | $1,565/mo | $52,668 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,535/mo | $47,445 |
VA 0% Down | 0% | 700 credit score | 6.055% | 6.300% | 0 pts ($0) | $1,797/mo | $59,418 |
VA Cash-Out Refi | 0% | 640 credit score | 6.065% | 6.434% | 0 pts ($0) | $1,799/mo | $59,508 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.071% | 6.224% | 0 pts ($0) | $1,800/mo | $59,562 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,605/mo | $50,788 |
Frequently Asked Questions
What are today's mortgage rates in 49719, , MI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 49719, , MI is 6.908% (with an estimated monthly payment of $2,162). Active program rates also include FHA 30-year fixed loans at 5.942% and VA 0%-down fixed loans at 6.055%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 49719, , 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 49719, , MI have fluctuated between a low of 6.537% and a high of 6.987%. 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 49719, , MI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $291,744 in 49719, , MI, a standard 20%-down Conventional loan requires an upfront cash down payment of $58,349 but keeps your monthly payment lower at $2,162/mo (at 6.908% interest) with no monthly PMI. In comparison, an FHA loan requires only $10,211 (3.5% down) but has an estimated payment of $2,399/mo (at 5.942% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $281,533 falls comfortably within the local HUD FHA loan limit of $541,287 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in 49719 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 49719 is $806,501. With a typical local home value of $291,744 in , a standard 20%-down mortgage requires a loan size of $233,395. 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 49719, , MI impact estimated mortgage payments?
The median home value in 49719, , MI is estimated at $291,744. Buying a typical home here with a standard 20% down payment ($58,349) translates to an estimated starting monthly mortgage payment of $2,162 (principal and interest). Compared to the local area median household income of $74,523 ($6,210/mo), this basic housing payment represents approximately 34.8% 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.