Rates by city
Mortgage rates in Flint, Michigan
Flint's biggest financing challenge isn't credit or rates — it's that many homes sell below the minimum loan amount national lenders will write, which pushes buyers toward local institutions and renovation loans.
The Flint market
Historic pockets like Carriage Town and the College Cultural neighborhood hold value and character, while much of the city trades at prices where a conventional mortgage simply isn't available. Outside the city core, large parts of Genesee County qualify for zero-down USDA rural development loans that most buyers never realize apply to them.
Neighborhoods buyers ask about: Carriage Town · College Cultural (East Village) · Mott Park · Woodcroft Estates · Kearsley Park
What's different about buying here
Sub-$100K purchase prices put many Flint homes below lender minimum loan amounts — local credit unions and FHA 203(k) renovation loans fill the gap the big lenders leave.
Down payment help in Flint
The Genesee County Land Bank is one of the most active in the country and offers side-lot and rehab pathways, and USDA financing covers much of the county's edges. For in-city purchases, FHA 203(k) renovation loans are frequently the practical route.
Today's Michigan rates
| Loan type | Rate | APR | Weekly change |
|---|---|---|---|
| 30-Year Fixed | 6.45% | 6.52% | ▾ 0.04 pts |
| 15-Year Fixed | 5.72% | 5.81% | ▾ 0.02 pts |
| FHA 30-Year | 6.12% | 6.89% | ▾ 0.05 pts |
| VA 30-Year | 6.02% | 6.21% | ▴ + 0.01 pts |
Source: Editorial survey of Michigan lenders; national benchmark: Freddie Mac PMMS. Averages for borrowers with 740+ credit and 20% down; your quote will differ.
Estimate your exact payment with Genesee County's tax rate in the Flint payment calculator, and see whether you qualify for Michigan's first-time buyer programs before assuming you need 20% down.
Frequently asked questions
Can I get a zero-down loan near Flint?
Often yes, just outside the city. Much of Genesee County's outer ring is USDA-eligible, meaning zero-down rural development financing for buyers under the income cap. VA loans also offer zero down for eligible veterans, of which the Flint area has many.
What is the monthly payment on a typical Flint home?
On Flint's median price of about $70 000 with 10% down at today's 6.45% average rate, expect roughly $639/month including Genesee County property taxes at ~1.6% and insurance.
Are mortgage rates different in Flint than the rest of Michigan?
The interest rate itself is the same statewide — what changes in Flint is everything around it: Genesee County's ~1.6% effective property tax, local insurance costs, and which down payment assistance programs apply.