Rates by city
Mortgage rates in Livonia, Michigan
Livonia is about as predictable as Michigan home-buying gets: a large, uniform stock of mid-century ranches and colonials that appraise cleanly and close on schedule — with the trade-off of steady move-up competition.
That estimate applies Wayne County's ~1.8% effective rate to the median price. Your real bill uncaps when you buy — resetting to about half the sale price — and the homestead exemption trims it if you file on time. How the tax bill actually works.
Down payment help in Livonia
Standard MSHDA eligibility applies, and Livonia's mid-$300s median sits within reach of the MI Home Loan for many households. Because the housing stock is so uniform, buyers rarely face the appraisal surprises common in mixed-age neighborhoods.
The Livonia market
Built out largely between the 1950s and '70s, Livonia's subdivisions offer consistent comparables, so appraisals rarely derail a deal. Highly-rated schools and a central position between Detroit, Ann Arbor and the airport keep demand strong, especially from families moving up from Wayne County's inner suburbs.
Neighborhoods buyers ask about: Rosedale Gardens · Coventry Gardens · Kimberly Oaks · Castle Gardens · Bell Creek
Today's Michigan rates
| Loan type | Rate | APR | Weekly change |
|---|---|---|---|
| 30-Year Fixed | 6.57% | 6.64% | ▴ + 0.06 pts |
| 15-Year Fixed | 5.86% | 5.95% | ▴ + 0.11 pts |
| FHA 30-Year | 6.23% | 7.00% | ▴ + 0.06 pts |
| VA 30-Year | 6.13% | 6.32% | ▴ + 0.06 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 Wayne County's tax rate in the Michigan payment calculator, and see whether you qualify for MSHDA down payment help before assuming you need 20% down.
Frequently asked questions
Are Livonia appraisals a common deal-breaker?
Less than most places. Because so many Livonia homes are similar-era ranches and colonials in platted subdivisions, appraisers have abundant clean comparables and values come in predictably — which makes financing smoother than in neighborhoods with a wide mix of home ages and sizes.
What is the monthly payment on a typical Livonia home?
On Livonia's median price of about $310,000 with 10% down at today's 6.57% average rate, expect roughly $2,391/month including Wayne County property taxes at ~1.8% and insurance.
Are mortgage rates different in Livonia than the rest of Michigan?
The interest rate itself is the same statewide — what changes in Livonia is everything around it: Wayne County's ~1.8% effective property tax, local insurance costs, and which down payment assistance programs apply.