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.
December 12, 2019
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%
The median home value for Battle Creek, MI (Calhoun County) is $126,193
The median household income for Battle Creek, MI (Calhoun County) is $47,626
Based on current mortgage rates and a 10% down payment, you need to make $23,413 per year to buy the median priced home in Battle Creek
The home price you can afford to buy based on household income in Battle Creek is 203% of the median home value which means housing prices are affordable
Battle Creek (Calhoun County) ranks 47 out of 83 counties in Michigan and 1,527 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 affordable
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
FHA loan limits for Battle Creek, MI
VA loan limits for Battle Creek, MI
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index