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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 | 7.046%APR 7.087% | 0 pts$0 | $1,468/moP&I $1,468 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.085%APR 6.860% | 0 pts$0 | $1,454/moP&I $1,352 · MI $102 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.297%APR 6.357% | 0 pts$0 | $1,359/moP&I $1,359 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.050%APR 7.091% | 0 pts$0 | $1,469/moP&I $1,469 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.692% | 0 pts$0 | $1,554/moP&I $1,554 · 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 | 6.297% | 6.357% | 0 pts ($0) | $1,889/mo | $38,903 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.213% | 6.272% | 0 pts ($0) | $2,348/mo | $53,314 |
Condo 10% Down | 10% | 720 credit score | 7.264% | 7.440% | 0 pts ($0) | $1,688/mo | $59,357 |
Conventional 10% Down | 10% | 720 credit score | 6.845% | 7.009% | 0 pts ($0) | $1,618/mo | $56,236 |
Conventional 20% Down | 20% | 740 credit score | 7.046% | 7.087% | 0 pts ($0) | $1,468/mo | $45,718 |
Conventional 5% Down | 5% | 700 credit score | 7.242% | 7.734% | 0 pts ($0) | $1,778/mo | $62,481 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.487% | 7.531% | 0 pts ($0) | $1,917/mo | $66,152 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,625/mo | $55,044 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.854% | 7.235% | 0 pts ($0) | $1,746/mo | $63,079 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.050% | 7.091% | 0 pts ($0) | $1,836/mo | $62,533 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,265/mo | $54,012 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.085% | 6.860% | 0 pts ($0) | $1,631/mo | $57,397 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,663/mo | $58,228 |
FHA Streamline Refi | 0% | 640 credit score | 6.279% | 7.057% | 0 pts ($0) | $1,725/mo | $61,108 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.165% | 7.417% | 0 pts ($0) | $1,764/mo | $64,223 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,718/mo | $33,627 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.692% | 0 pts ($0) | $1,457/mo | $46,457 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,480/mo | $46,241 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,596/mo | $48,946 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.447% | 7.228% | 0 pts ($0) | $1,694/mo | $60,332 |
Second Home 10% Down | 10% | 720 credit score | 6.086% | 6.666% | 0 pts ($0) | $1,495/mo | $50,592 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,444/mo | $44,645 |
VA 0% Down | 0% | 700 credit score | 6.088% | 6.336% | 0 pts ($0) | $1,697/mo | $56,190 |
VA Cash-Out Refi | 0% | 640 credit score | 6.093% | 6.466% | 0 pts ($0) | $1,698/mo | $56,232 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.111% | 6.268% | 0 pts ($0) | $1,701/mo | $56,384 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,511/mo | $47,791 |
Frequently Asked Questions
What are today's mortgage rates in 49793, , MI across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in 49793, , MI is 7.046% (with an estimated monthly payment of $1,404). Active program rates also include FHA 30-year fixed loans at 6.085% and VA 0%-down fixed loans at 6.088%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in 49793, , 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 49793, , MI have fluctuated between a low of 6.930% and a high of 7.190%. 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 49793, , MI?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $274,527 in 49793, , MI, a standard 20%-down Conventional loan requires an upfront cash down payment of $54,905 but keeps your monthly payment lower at $1,404/mo (at 7.046% interest) with no monthly PMI. In comparison, an FHA loan requires only $9,608 (3.5% down) but has an estimated payment of $1,559/mo (at 6.085% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $264,919 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 49793 before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in 49793 is $806,501. With a typical local home value of $274,527 in , a standard 20%-down mortgage requires a loan size of $219,622. 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 49793, , MI impact estimated mortgage payments?
The median home value in 49793, , MI is estimated at $274,527. Buying a typical home here with a standard 20% down payment ($54,905) translates to an estimated starting monthly mortgage payment of $1,404 (principal and interest). Compared to the local area median household income of $62,477 ($5,206/mo), this basic housing payment represents approximately 27.0% 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.