»
»
Battle Creek

Current Mortgage Rates in Battle Creek, Michigan

Compare mortgage rates and fees for leading lenders in Battle Creek, MI. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Battle Creek.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Battle Creek. Plus, shopping lenders is free and there is no obligation.

%
Mortgage Rates in Battle Creek, MI as of January 27, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

How Do Today's Battle Creek, MI Mortgage Rates Compare?

January 27, 2020

The current average rate for a 30 year fixed rate mortgage in Battle Creek is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Battle Creek, MI Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Battle Creek, Michigan?

Below we provide helpful information on the real estate market, home prices and housing affordability in Battle Creek. Understand how much you need to earn to afford a home in Battle Creek, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Battle Creek fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Battle Creek is right for you.

The median home value for Battle Creek, MI (Calhoun County) is $136,667

Based on current mortgage rates and a 10% down payment, you need to make $24,597 per year to buy the median priced home in Battle Creek

With this income, you could qualify for a $123,001 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Battle Creek is $570

The median household income for Battle Creek, MI (Calhoun County) is $48,738

Based on this income, you can afford a home valued at approximately $270,806

The home price you can afford to buy based on household income in Battle Creek is 198% of the median home value which means housing prices are average. Battle Creek (Calhoun County) ranks 47 out of 83 counties in Michigan and 1,609 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Battle Creek, MI is average

orange-simple-house
ruler

Loan Limits for Battle Creek, Michigan

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Battle Creek (Calhoun County) below.

Conforming loan limits for Battle Creek, MI

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Battle Creek, MI

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Battle Creek, MI

1 unit: $510,400

Additional Mortgage Resources for Battle Creek, MI Residents

Mortgage Rates for Michigan Cities

Allegan Mortgage Rates

Ann Arbor Mortgage Rates

Battle Creek Mortgage Rates

Bay City Mortgage Rates

Detroit Mortgage Rates

Eaton Mortgage Rates

Flint Mortgage Rates

Grand Haven Mortgage Rates

Grand Rapids Mortgage Rates

Howell Mortgage Rates

Jackson Mortgage Rates

Kalamazoo Mortgage Rates

Lansing Mortgage Rates

Macomb Mortgage Rates

Monroe Mortgage Rates

Muskegon Mortgage Rates

Niles Mortgage Rates

Saginaw Mortgage Rates

St. Clair Mortgage Rates

Warren Mortgage Rates