Our Mortgage Rates

Low Mortgage Rates for 30-year, 15-year, FHA and VA Mortgages.

Your mortgage purchase rates are determined by various economic factors, but working with the right lender will help you get the best rates to start with. Here are some of the lowest mortgage rates for today, though these will be personalized to suit your situation.

Today's Average Interest Rates

The interest rates posted above are not being offered by Homesite Mortgage, LLC but are being provided by a reputable mortgage industry publication called Mortgage News Daily (MND). These rates are a result of a survey of dozens of lenders by MND. Homesite Mortgage, LLC is not one of the lenders that participates in MND's survey. To find out today's mortgage rates and APR at Homesite Mortgage, LLC contact us!
The interest rates posted above are not being offered by Homesite Mortgage, LLC but are being provided by a reputable mortgage industry publication called Mortgage News Daily (MND). These rates are a result of a survey of dozens of lenders by MND. Homesite Mortgage, LLC is not one of the lenders that participates in MND's survey. To find out today's mortgage rates and APR at Homesite Mortgage, LLC contact us!
30-Yr Fixed
Points Paid
home-logo-hsm

7.000%

1.000

chase bank

7.000%

1.000

home-logo-rocket

7.000%

2.875

Bank of America Loan

7.000%

2.148

Mortgage Rate FAQ

Choosing your mortgage is one of the most significant financial decisions you will ever make. You deserve to understand it and feel confident in your decision. At Homesite Mortgage, we'll walk you through all the details so you can make an informed choice about the right mortgage for your needs and budget. Some common questions include:

  1. What are points paid? Points can be paid at the closing of a loan to reduce the interest rate on the lifetime of the loan. Each point will typically cost around 1% of the total loan amount and will reduce the interest rate by anywhere between one-eighth and one-quarter of a percent. You'll typically need far fewer points at Homesite Mortgage due to offering below-market rates to begin with.
  2. What is an APR? The annual percentage rate (APR) is a percentage that indicates the cost of a loan over time. Expressed as a yearly rate, it helps you understand how much interest you will pay on your mortgage.
  3. How long are mortgage terms? The most common terms range from 15-year mortgage rates to 30-year mortgage rates.
  4. What does your mortgage payment include? Your monthly mortgage payment combines many factors, including principal, interest, taxes and insurance. When shopping for a new home, our experts will help you understand each item's meaning and how it affects your monthly payments.
  5. How long does it take to get a rate quote for a home loan? Our online mortgage calculator will give you an instant quote! You can get started on getting approved in as little as 24 hours.
  6. Why choose Homesite Mortgage? When in the market for a loan, you want to select a company with your best interests at heart. We believe in low, competitive rates. We'll consider all your options and find you the best loan possible — all while keeping your needs and goals at the forefront of our efforts.

What Will My Mortgage Rate Be?

Your mortgage purchase rates are determined by various economic factors, but working with the right lender will help you get the best rates to start with. While we can provide you with some of the average mortgage purchase rates today for various programs, your rate will be personalized to suit your situation. To learn more about your personalized mortgage purchase rate, make an appointment with one of our mortgage experts.

Picking the Right Mortgage That Fits Your Needs

You might have questions about how much you can afford, what kinds of mortgages are available and how the process works. Luckily for you, we're here to help! We've put together this guide to get you started on picking the right mortgage for your situation. Explore some of the most popular mortgage types.

Conventional Fixed Rate Mortgage

Consistent monthly payment

  • Designed for borrowers with good credit and at least 5% down payment.
  • No mortgage insurance (PMI) if you have 20% or more down payment
  • Payment will only change if taxes or insurance premiums change

Conventional Adjustable Rate Mortgage (ARM)

Lower rates at the beginning of the loan

  • Designed for borrowers with good credit and at least 5% down payment.
  • Great option if you’re looking to sell or refinance before fixed rate expires
  • Most common ARMs are 30-Year loans with a fixed rate period of 3, 5, 7, and
    10 years

Federal Housing Administration (FHA) Loans

Lower down payments

  • Offers down payments of just 3.5%
  • Mortgage Insurance (PMI) is required regardless of how much is put down
  • Down payment can come from a relative as a gift
  • Lower credit score required - as low as 580

U.S. Department of Veterans Affairs (VA) Loans

Guaranteed Loan

  • Government-guaranteed loan available to veterans of the armed services,
    those currently on active duty or in the reserves, and widows or widowers of
    veterans
  • Requires a funding fee be collected and paid to the VA, which is almost
    always add to the loan amount (need not pay it at the closing)
  • Lower credit score required - as low as 580

U.S. Department of Agriculture (USDA) Rural Development Loans

Guaranteed Loan

  • Designed for low to moderate income buyers in suburban/rural areas
  • Mortgage Insurance (PMI) is required regardless of how much is put down
  • Lower credit score required - as low as 640
  • Roll all or most of your closing costs into the mortgage

Request a Rate Quote Today

The team at Homesite Mortgage is ready to help you find the best current mortgage rate for your Michigan home loan. We know how important it is for you to get approved on time, and we're here to ensure that happens. Our friendly, knowledgeable staff will help you through the process at every step. Request a rate quote today!

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