Michigan Home Mortgage Loan Rates
Reliable lending sources in Michigan for home mortgage loans Mortgage Rates Hit Record Lows! Refinance & Save $1000s.
Get up to 4 FREE Refinance Quotes from Leading Lenders & Save $1000s on Your Mortgage.
Michigan Capital: Lansing Michigan Counties: Alcona | Alger | Allegan | Alpena | Antrim | Arenac | Baraga | Barry | Bay | Benzie | Berrien | Branch | Calhoun | Cass | Charlevoix | Cheboygan | Chippewa | Clare | Clinton | Crawford | Delta | Dickinson | Eaton | Emmet | Genesee | Gladwin | Gogebic | Grand Traverse | Gratiot | Hillsdale | Houghton | Huron | Ingham | Ionia | Iosco | Iron | Isabella | Jackson | Kalamazoo | Kalkaska | Kent | Keweenaw | Lake | Lapeer | Leelanau | Lenawee | Livingston | Luce | Mackinac | Macomb | Manistee | Marquette | Mason | Mecosta | Menominee | Midland | Missaukee | Monroe | Montcalm | Montmorency | Muskegon | Newaygo | Oakland | Oceana | Ogemaw | Ontonagon | Osceola | Oscoda | Otsego | Ottawa | Presque Isle | Roscommon | Saginaw | Sanilac | Schoolcraft | Schiawassee | St. Clair | St. Joseph | Tuscola | Van Buren | Washtenaw | Wayne | Wexford
Largest Cities: Ann Arbor | Canton | Clinton | Dearborn | Detroit | Flint | Grand Rapids | Kalamazoo | Lansing | Livonia | Pontiac | Rochester Hills | Shelby | Southfield | Sterling Heights | Taylor | Troy | Warren | West Bloomfield | Westland
Think the Michigan Refinance Boom is Over? Think Again! Lock in a Low Rate & Save $1000s on Your Mortgage.
$150,000 Michigan Home Mortgage Loan for Under $720/Month!*
*The $706.25 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $889.85. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$30,000 Michigan Home Mortgage Loan for Under $185/Month!*
*The payment for the first monthly billing period is based on a loan amount of $30,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $184.38 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$160,000 Michigan Home Mortgage Loan for Under $785/Month!*
*The $753.33 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $923.58. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$175,000 Michigan Home Mortgage Loan for Under $860/Month!*
*The $823.96 monthly payment is an interest-only payment for two years, based on a $150,000 loan amount with a buydown at the cost of 1 point and a 24-month prepayment penalty for a 30-year, two-year Adjustable Rate Mortgage at 5.65% and 6.14% Annual Percentage Rate. Following the two-year fixed-rate period, the rate will adjust annually. The principal and interest payment after the initial 2-year interest only period is $1,010.16. To qualify for this monthly payment, borrower must have a FICO score of 650 or greater and the loan-to-value ratio must not exceed 80%. Rate is variable and subject to change daily without notice.
$40,000 Michigan Home Mortgage Loan for Under $246/Month!*
*The payment for the first monthly billing period is based on a loan amount of $40,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $245.83 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$50,000 Michigan Home Mortgage Loan for Under $308/Month!*
*The payment for the first monthly billing period is based on a loan amount of $50,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $307.29 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
$60,000 Michigan Home Mortgage Loan for Under $369/Month!*
*The payment for the first monthly billing period is based on a loan amount of $60,000 with an introductory 3.99 Annual Percentage Rate. Following the first monthly billing period, the minimum monthly payment is $368.75 and is an interest-only payment that changes based on the outstanding balance and variable rate for the remainder of the 5 or 10 year draw period. After the draw period, the remaining balance converts to a principal and variable interest payment which is paid off over 15 years. The terms above assume a combined loan-to-value ratio of 70% or less, and are available on single-family owner-occupied homes only. The variable interest payment is based on the Prime Rate as published in The Wall Street Journal, plus a margin. The amount of the margin ranges from 0 to 6.50%. Maximum possible Annual Percentage Rate is 18%. Rate is variable and subject to change daily without notice.
Michigan Facts (more Michigan facts)
• Origin of state's name: Based on Chippewa Indian word "meicigama" meaning "great water" and refers to the Great Lakes.
• Detroit is known as the car capital of the world.
• Some of the longest bulk freight carriers in the world operate on the Great Lakes. Ore carriers 1,000 feet long sail Michigan's inland seas.
• Michigan is first in the United States production of peat and magnesium compounds and second in gypsum and iron ore.
• The Upper Michigan Copper Country is the largest commercial deposit of native copper in the world.
• In 1817 the University of Michigan was the first university established by any of the states. Originally named Cathelepistemian and located in Detroit the name was changed in 1821. The university moved to Ann Arbor in 1841.
• The Mackinac Bridge is one of the longest suspension bridges in the world. Connecting the upper and lower peninsulas of Michigan, it spans 5 miles over the Straits of Mackinac, which is where Lake Michigan and Lake Huron meet. The Mighty Mac took 3 years to complete and was opened to traffic in 1957.
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