Compare Battle Creek, MI mortgage rates and fees from top lenders. 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 lowest 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.
June 30, 2022
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 $146,823
Based on current mortgage rates and a 10% down payment, you need to make $24,056 per year to buy the median priced home in Battle Creek
With this income, you could qualify for a $132,141 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 $557
The median household income for Battle Creek, MI (Calhoun County) is $53,022
Based on this income, you can afford a home valued at approximately $323,610
The home price you can afford to buy based on household income in Battle Creek is 220% of the median home value which means housing prices are affordable. Battle Creek (Calhoun County) ranks 36 out of 83 counties in Michigan and 1,323 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