Livonia MI Mortgage Rates

Review current mortgage rates in Livonia MI. The Livonia MI mortgage rates are available from local and regional mortgage lenders that serve Eastern Michigan. New home loan borrowers in Livonia will find a number of low rate and low cost loan options to finance new home purchases or refinances on an existing loan.

The mortgage lenders listed that serve Livonia are full service lenders that offer a wider range of loan products. The fixed rate conventional mortgages promoted by the local Livonia mortgage lenders offer borrowers the confidence of knowing their rate and payment will not change for the term of the loan. This is a great program for anyone planning on being in their home for any period of time whether they are buying a new home, making a first home purchase, or refinancing and existing loan.

Compare the latest mortgage rates available in Livonia MI listed below or use the contact information to ask one of the local mortgage lenders about the home loan products and mortgage financing options available in the region.

Livonia MI Mortgage Rates
Livonia MI Mortgage Lender Mortgage Rate Points APR
Chemical Bank Mortgage Rates
chemicalbankmi.com
800-867-9757
3.625 0.500 3.702
Huntington Bank Mortgage Rates
huntington.com
866-917-4351
3.250 1.500 3.468
First Merit Mortgage Rates
firstmerit.com
800-562-6694
4.375 0.000 4.452
Wells Fargo Mortgage Rates
wellsfargo.com
877-937-9357
3.500 0.000 3.572
Citizens Bank Mortgage Rates
citizensbank.com
888-514-2300
3.625 0.000 3.668
Comerica Bank Mortgage Rates
comericamortgage.com
866-476-6520
3.610 0.000 3.659


Additional mortgage loans, rates, and terms are available from the local Michigan lenders. Fixed rate mortgages with terms of 10 years, 15 years, and 20 years can also be obtained. Borrowers that prefer adjustable rate terms will find a several different adjustable rate mortgages available with initial fixed arte periods that may be as long as ten years. FHA loans can be secured for new borrowers that have less restrictive lending requirements with favorable terms. VA loans for qualified veterans are promoted by several lenders in the region. For borrowers that are looking for loans with above average loan amounts, fixed rate and adjustable rate jumbo loans can be applied for.

The full service lenders serving Michigan handle a borrowers mortgage application from beginning to end. These lenders are able to shorten the time for a loan approval and the time it takes to close on a new home loan making the whole process easier on borrowers.

The mortgage lenders are able to handle the varied requests of new home loan borrowers, no matter what their financial background and credit. To find how much home a borrower can afford, the best course of action is to ask one of the local lenders. Getting pre-approved lets a new borrower know how much they can afford before shopping for a home or committing resources.

All home lending products are subject to credit and property approval. Rates, program terms and conditions are subject to change without notice. Individual loan rates, APRs, and terms may vary based on the creditworthiness of the individual, the loan to value or down payment and other factors involved in the loan approval process. Other restrictions and limitations apply. Contact the individual mortgage lenders serving Livonia for the latest updates and conditions.

Competitive mortgage rates are available throughout Livonia and the greater metropolitan area. Consumers in the nearby communities of Allen Park, Canton, Dearborn, Farmington, Garden City, Inkster, Novi, Redford, Romulus, Southfield, Taylor, Wayne, and Westland, MI have access to some of the same low mortgage rates and terms.

The information posted is based on sources deemed reliable, but no warranty or guarantee is made as to its accuracy or completeness.

With the stock market running scared and government debt issues here and abroad putting fear into the market, interest rates remained low last week.  Skittish markets generally drive funds into the Treasury market pushing Treasury rates lower which keeps a lid on the movement on most other interest rate sensitive assets in the U.S. which
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The Federal Funds Rate is the interest rate at which private financial institutions such as banks lend their reserves held at the Federal Reserve to other financial institutions overnight for short term needs. A bank or other financial institution lends out most of the money deposited with it but also is obligated by law to keep