15 Year FHA Mortgage Rates in Michigan
| PRODUCTS | RATES | +/- |
| 30 Year Fixed |
3.00%
|
|
| 15 Year Fixed |
2.56%
|
|
| 5/1 ARM |
4.56%
|
|
Get a Personalized Rate QuoteEasy & Accurate, Takes 45 Seconds
Secure Form Privacy Policy | Terms of Use.
Mortgage rates for Michigan go down to 3.00%
Saturday, April 20, 2024
Mortgage rates for Michigan on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.00% to 3.00%. The 15-year fixed rates are now at 2.56%. The 5/1 ARM mortgage for Michigan is now at 4.56%.
15 Year FHA Mortgage Rate Explained
15 year FHA mortgage loans are loans that are insured against default by the Federal Housing Administration (FHA) available for single family and multifamily homes. FHA loans are best suited for individuals whom might not qualify for conventional mortgages, specially first time home buyers. These loans offer low down payments, reasonable credit profiles, and flexible income requirements. Above you will find 15-year FHA refinance rates for national and local lenders in Michigan.
Local Cities
Adrian | Alpena | Ann Arbor | Battle Creek | Bay City | Benton Harbor | Cadillac | Detroit | East Lansing | Flint | Grand Rapids | Ishpeming | Kalamazoo | Lansing | Lansing | Livonia | Marquette | Midland | Niles | Petoskey | Saginaw | Sterling Heights | Tecumseh | Traverse City | Warren
