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Is buying a home becoming more affordable? See the new "Salary you need to buy a median-priced home in the top 50 metro areas"

Is buying a home becoming more affordable? See the new "Salary you need to buy a median-priced home in the top 50 metro areas"

Michigan Mortgage Rates and Refinance Rates: HSH Lender Showcase

Personalize your quotes and see mortgage rates just for you.
Displaying Today's Mortgage Rates for a $200000 Refinance loan in VA.
Refinance
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Featured lenders
Updated: 12/11/2019
New American Funding
  • America’s Trusted Mortgage Lender - Rated A+ by the BBB
  • Fast Pre-Approvals, Loan Closing within 14Biz Days, Lock Your Rate Now
  • Offering Conventional, Jumbo, FHA, VA, USDA. Non-QM - 680 Minimum FICO
Featured lenders
Updated: 12/11/2019
Quicken Loans
  • We close our loans FAST - many in 30 days or less!
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

30 year fixed mortgage rates today from 3.500%

Updated: 12/10/2019
30 Yr. Fixed
30 Yr. Fixed
Rate as low as
3.721%
APR
Rate as low as
3.500%
Rate
$ 898
Monthly Payment
Show Details
Updated: 12/11/2019
30 Yr. Fixed
30 Yr. Fixed
Rate as low as
3.339%
APR
Rate as low as
3.125%
Rate
$ 857
Monthly Payment
Show Details
Updated: 12/11/2019
30 Yr. Fixed
30 Yr. Fixed
Rate as low as
4.251%
APR
Rate as low as
3.875%
Rate
$ 940
Monthly Payment
Show Details
Updated: 12/10/2019
CloseYourOwnLoan.com
  • Skip the salesman. Keep the commission!
  • Get online rates, payments and a Good Faith Estimate
  • $1,000 Best Rate Guarantee
Updated: 12/11/2019
Figure Lending LLC
  • Closing in as few as 10 Days
  • Fast, Easy, and 100% Online Application Process
  • Get your rate quote instantly without affecting your credit
  • Dedicated support team

Michigan Mortgages

Michigan offers diverse real estate opportunities, with bargain home sales as well as rising home equity values in some suburban markets. HSH.com offers localized information on Michigan mortgage rates to help you navigate home financing, whether you're looking to land a good deal in a market of declining home prices or to take out a home equity loan.

HSH.com's rich resources give you a comprehensive understanding of your mortgage options in Michigan:

  • Check out current MI mortgage rates.
  • Evaluate the numbers using a mortgage calculator, which helps you anticipate monthly payments, your income eligibility, and more.
  • Finally, contact a Michigan mortgage lender to explore purchase, refinance, or home equity loan options

Together, these MI mortgage rates and resources offer a solid basis for your home financing decisions.

Michigan Conventional Mortgage

A conventional mortgage loan is generally a loan made using private mortgage money and not backed by a government entity, such as FHA, VA or USDA. Conventional mortgages are available in fixed rate and adjustable rate varieties and with a wide range of terms. A conventional loan that meets a number of specific criteria can be sold to Fannie Mae or Freddie Mac and is known as conventional conforming mortgage.

2019 Conventional loan limits for Michigan

County NameOne FamilyTwo FamilyThree FamilyFour Family
AlconaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
AlgerOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
AlleganOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
AlpenaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
AntrimOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
ArenacOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
BaragaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
BarryOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
BayOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
BenzieOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
BerrienOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
BranchOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
CalhounOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
CassOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
CharlevoixOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
CheboyganOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
ChippewaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
ClareOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
ClintonOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
CrawfordOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
DeltaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
DickinsonOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
EatonOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
EmmetOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
GeneseeOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
GladwinOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
GogebicOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
Grand TraverseOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
GratiotOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
HillsdaleOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
HoughtonOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
HuronOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
InghamOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
IoniaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
IoscoOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
IronOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
IsabellaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
JacksonOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
KalamazooOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
KalkaskaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
KentOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
KeweenawOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
LakeOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
LapeerOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
LeelanauOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
LenaweeOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
LivingstonOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
LuceOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MackinacOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MacombOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
ManisteeOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MarquetteOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MasonOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MecostaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MenomineeOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MidlandOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MissaukeeOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MonroeOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MontcalmOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MontmorencyOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
MuskegonOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
NewaygoOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
OaklandOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
OceanaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
OgemawOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
OntonagonOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
OsceolaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
OscodaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
OtsegoOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
OttawaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
Presque IsleOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
RoscommonOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
SaginawOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
SanilacOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
SchoolcraftOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
ShiawasseeOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
St. ClairOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
St. JosephOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
TuscolaOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
Van BurenOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
WashtenawOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
WayneOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600
WexfordOne Family$484,350Two Family$620,200Three Family$749,650Four Family$931,600