Compare mortgage rates and fees for leading lenders in Flint, 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 Flint.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Flint. 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 Flint 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 Flint, MI (Genesee County) is $120,670
The median household income for Flint, MI (Genesee County) is $46,614
Based on current mortgage rates and a 10% down payment, you need to make $22,388 per year to buy the median priced home in Flint
The home price you can afford to buy based on household income in Flint is 208% of the median home value which means housing prices are affordable
Flint (Genesee County) ranks 41 out of 83 counties in Michigan and 1,424 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Flint, MI is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Flint (Genesee County) below.
Conforming loan limits for Flint, MI
FHA loan limits for Flint, MI
VA loan limits for Flint, 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