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FHA Mortgage Rates in Michigan

Updated: January 19, 2018

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Displaying rates for Mortgage Refinance in MI for $200,000

4.576%

APR
30 Year Fixed
4.500% Rate $1,014/mo
  • Updated January 19, 2018
  • A+ Rating with the Better Business Bureau

4.278%

APR
30 Year Fixed
4.250% Rate $984/mo
  • Updated January 19, 2018
  • Welcome to Flagstar’s new online mortgage experience!

4.073%

APR
30 Year Fixed
3.990% Rate $954/mo
  • Updated January 19, 2018
  • Save when you borrow from PenFed!

4.846%

APR
30 Year Fixed
4.750% Rate $1,044/mo
  • Updated January 19, 2018
  • Refinance to a get a lower payment, cash back or a faster payoff.
  • Rates are still low, but they may rise. Lock your rate today.
  • We have the right loans for first-time and experienced home buyers.

4.469%

APR
30 Year Fixed
4.375% Rate $999/mo
  • Updated January 19, 2018
  • Fast, Powerful and Completely Online
  • Get an approval to buy a home or refinance your mortgage in minutes.
  • Save time & avoid paperwork by sharing your financial info instantly.

4.357%

APR
30 Year Fixed
4.125% Rate $969/mo
  • Updated January 19, 2018
  • Get a free and no obligation rate quote in Michigan.
  • Direct Lender.
  • Call now and lock-in your low rate!
PRODUCTS RATES +/-
30 Year Fixed 4.56%
15 Year Fixed 3.44%
5/1 ARM 3.67%
Friday, January 19, 2018

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Mortgage rates for Michigan go up to 4.56%

Friday, January 19, 2018

Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 4.56%. That increased from 4.25% to 4.56%. The 15-year fixed rates are now at 3.44%. The 5/1 ARM mortgage for Michigan is now at 3.67%.

FHA Mortgage Rates & Loan Limits in Michigan

An FHA mortgage loan is a home loan insured by the Federal Housing Administration, acquired through FHA-approved lenders. When buying a home in Michigan, FHA loans can provide you with the funds you need with minimal qualification.

Originally created to make home loans more accessible, FHA mortgages have low credit requirements, low down payment options, and some of the best mortgage rates available. Loan limits for FHA mortgages are determined by local housing prices and differ by county in Michigan. When deciding on a mortgage, remember to practice patience and persistence. Always set aside time to compare rates and lenders, rather than accepting the first offer presented. For more information, check out our main page on FHA mortgage rates.

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