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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 | 7.033%APR 7.074% | 0 pts$0 | $1,510/moP&I $1,510 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.082%APR 6.856% | 0 pts$0 | $1,498/moP&I $1,392 · MI $106 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.288%APR 6.348% | 0 pts$0 | $1,399/moP&I $1,399 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.789%APR 6.830% | 0 pts$0 | $1,473/moP&I $1,473 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.737% | 0 pts$0 | $1,601/moP&I $1,601 · 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 | 6.288% | 6.348% | 0 pts ($0) | $1,944/mo | $40,016 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.040% | 6.100% | 0 pts ($0) | $2,393/mo | $53,501 |
Condo 10% Down | 10% | 720 credit score | 7.254% | 7.429% | 0 pts ($0) | $1,737/mo | $61,068 |
Conventional 10% Down | 10% | 720 credit score | 6.839% | 7.003% | 0 pts ($0) | $1,666/mo | $57,884 |
Conventional 20% Down | 20% | 740 credit score | 7.033% | 7.074% | 0 pts ($0) | $1,510/mo | $47,006 |
Conventional 5% Down | 5% | 700 credit score | 7.223% | 7.714% | 0 pts ($0) | $1,828/mo | $64,209 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.478% | 7.522% | 0 pts ($0) | $1,973/mo | $68,068 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,674/mo | $56,702 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.852% | 7.233% | 0 pts ($0) | $1,798/mo | $64,962 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.789% | 6.830% | 0 pts ($0) | $1,842/mo | $62,192 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,334/mo | $55,639 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.082% | 6.856% | 0 pts ($0) | $1,679/mo | $59,101 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,713/mo | $59,982 |
FHA Streamline Refi | 0% | 640 credit score | 6.276% | 7.054% | 0 pts ($0) | $1,777/mo | $62,923 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.146% | 7.397% | 0 pts ($0) | $1,814/mo | $66,003 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,769/mo | $34,640 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.737% | 0 pts ($0) | $1,501/mo | $47,856 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,524/mo | $47,633 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,644/mo | $50,420 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.445% | 7.226% | 0 pts ($0) | $1,745/mo | $62,132 |
Second Home 10% Down | 10% | 720 credit score | 6.083% | 6.663% | 0 pts ($0) | $1,540/mo | $52,093 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,488/mo | $45,990 |
VA 0% Down | 0% | 700 credit score | 6.086% | 6.334% | 0 pts ($0) | $1,748/mo | $57,865 |
VA Cash-Out Refi | 0% | 640 credit score | 6.090% | 6.463% | 0 pts ($0) | $1,749/mo | $57,900 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.108% | 6.264% | 0 pts ($0) | $1,752/mo | $58,056 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,556/mo | $49,230 |
Frequently Asked Questions
What are today's mortgage rates in 49748, , MI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 49748, , MI is 7.033% (with an estimated monthly payment of $1,434). Active program rates also include FHA 30-year fixed loans at 6.082% and VA 0%-down fixed loans at 6.086%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 49748, , 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 49748, , MI have fluctuated between a low of 6.921% and a high of 7.179%. 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 49748, , MI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $282,795 in 49748, , MI, a standard 20%-down Conventional loan requires an upfront cash down payment of $56,559 but keeps your monthly payment lower at $1,434/mo (at 7.033% interest) with no monthly PMI. In comparison, an FHA loan requires only $9,898 (3.5% down) but has an estimated payment of $1,595/mo (at 6.082% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $272,897 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 49748 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 49748 is $806,501. With a typical local home value of $282,795 in , a standard 20%-down mortgage requires a loan size of $226,236. 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 49748, , MI impact estimated mortgage payments?
The median home value in 49748, , MI is estimated at $282,795. Buying a typical home here with a standard 20% down payment ($56,559) translates to an estimated starting monthly mortgage payment of $1,434 (principal and interest). Compared to the local area median household income of $61,200 ($5,100/mo), this basic housing payment represents approximately 28.1% 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.