Rates by city
Mortgage rates in Jackson, Michigan
Jackson sits at the affordable center of southern Michigan — a small city of historic homes and low prices, ringed by countryside where USDA zero-down financing opens doors most buyers don't know exist.
The Jackson market
Jackson's low prices make it accessible, and its stock of older homes rewards buyers willing to renovate — where FHA 203(k) financing shines. The surrounding county is heavily USDA-eligible, so buyers just outside the city often qualify for zero-down loans.
Neighborhoods buyers ask about: Historic Prospect Hill · Partridge · Vandercook Lake area · West Jackson · Napoleon border
What's different about buying here
Much of Jackson County outside the city is USDA-eligible, so zero-down rural development financing is available to more buyers than realize it.
Down payment help in Jackson
Between MSHDA in the city and broad USDA eligibility in Jackson County's rural fringe, low- and zero-down financing is widely available — many buyers simply don't realize the USDA map reaches their neighborhood.
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 Jackson County's tax rate in the Jackson payment calculator, and see whether you qualify for Michigan's first-time buyer programs before assuming you need 20% down.
Frequently asked questions
Do Jackson-area homes qualify for USDA loans?
Many do. While the city core generally doesn't qualify, much of the surrounding Jackson County countryside is USDA-eligible, meaning zero-down financing for buyers under the income cap. Check a specific address on the USDA map — the boundary often runs just past the city limits.
What is the monthly payment on a typical Jackson home?
On Jackson's median price of about $140 000 with 10% down at today's 6.45% average rate, expect roughly $1 129/month including Jackson County property taxes at ~1.6% and insurance.
Are mortgage rates different in Jackson than the rest of Michigan?
The interest rate itself is the same statewide — what changes in Jackson is everything around it: Jackson County's ~1.6% effective property tax, local insurance costs, and which down payment assistance programs apply.