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Wait, what? It's true... relative home affordability improved in the third quarter of 2024 in a majority of the nation's housing markets. Was yours one of them?

Wait, what? It's true... relative home affordability improved in the third quarter of 2024 in a majority of the nation's housing markets. Was yours one of them?

Today's Michigan Mortgage Rates in the HSH Lender Showcase

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.

2024 Conforming loan limits for Michigan

Select County
County Name One Family Two Family Three Family Four Family
Alcona County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Alger County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Allegan County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Alpena County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Antrim County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Arenac County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Baraga County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Barry County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Bay County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Benzie County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Berrien County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Branch County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Calhoun County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Cass County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Charlevoix County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Cheboygan County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Chippewa County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Clare County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Clinton County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Crawford County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Delta County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Dickinson County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Eaton County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Emmet County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Genesee County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Gladwin County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Gogebic County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Grand Traverse County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Gratiot County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Hillsdale County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Houghton County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Huron County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Ingham County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Ionia County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Iosco County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Iron County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Isabella County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Jackson County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Kalamazoo County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Kalkaska County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Kent County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Keweenaw County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Lake County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Lapeer County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Leelanau County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Lenawee County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Livingston County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Luce County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Mackinac County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Macomb County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Manistee County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Marquette County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Mason County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Mecosta County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Menominee County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Midland County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Missaukee County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Monroe County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Montcalm County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Montmorency County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Muskegon County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Newaygo County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Oakland County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Oceana County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Ogemaw County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Ontonagon County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Osceola County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Oscoda County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Otsego County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Ottawa County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Presque Isle County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Roscommon County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Saginaw County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Sanilac County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Schoolcraft County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Shiawassee County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
St. Clair County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
St. Joseph County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Tuscola County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Van Buren County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Washtenaw County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Wayne County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400
Wexford County One Family$766,550 Two Family$981,500 Three Family$1,186,350 Four Family$1,474,400

Mortgage Rates by State

Mortgage rates by loan term and type

Today's Mortgage Rates
30-year fixed mortgage rates
15-year fixed mortgage rates
20-year fixed mortgage rates
10-year fixed mortgage rates
5/1 Adjustable Rate Mortgage Rates
7/1 Adjustable Rate Mortgage Rates
10/1 Adjustable Rate Mortgage Rates
VA mortgage rates
FHA mortgage rates
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