Compare Saginaw, 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 Saginaw.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Saginaw. Plus, shopping lenders is free and there is no obligation.
August 13, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Saginaw. Understand how much you need to earn to afford a home in Saginaw, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Saginaw 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 Saginaw is right for you.
The median home value for Saginaw, MI is $139,274
Based on current mortgage rates and a 10% down payment, you need to make $29,055 per year to buy the median priced home in Saginaw
With this income, you could qualify for a $125,346 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 Saginaw is $673
The median household income for Saginaw, MI is $51,345
Based on this income, you can afford a home valued at approximately $246,121
The home price you can afford to buy based on household income in Saginaw is 177% of the median home value which means housing prices are average. Saginaw ranks 31 out of 83 counties in Michigan and 1,239 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Saginaw, MI is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Saginaw below.
Conforming loan limits for Saginaw, MI
FHA loan limits for Saginaw, MI