Mortgage Rates in Flint, Michigan — March 2026
Updated March 2026 | Based on Flint market data and regional lending conditions
Flint is a growing city in Michigan with a population of 95,943. The current 30-year fixed mortgage rate in Flint is 6.72%, which is 0.07% above the national average. With a median home price of $55,000 and a 20% down payment of $11,000, homebuyers can expect a monthly principal and interest payment of approximately $285.
Current Mortgage Rates in Flint, MI
Below are the current average mortgage rates available in the Flint area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.32% | 6.25% | +0.07% |
| VA | 6.12% | 6.05% | +0.07% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Flint Housing Market Overview
The Flint housing market offers relatively affordable housing compared to many major cities. The median household income in Flint is $28,250, and the cost of living index is 78.5 (national average = 100). Based on the 28% affordability rule, the median income in Flint is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Flint
Based on the median home price of $55,000 with 20% down ($11,000), here is what you can expect to pay monthly in Flint:
15-Year vs. 30-Year Mortgage in Flint
Choosing a 15-year mortgage in Flint at 5.96% instead of a 30-year at 6.72% would save you $36,000 in total interest over the life of the loan. However, your monthly payment would be $370 instead of $285 — an increase of $85 per month.
Calculate Your Flint Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Flint
What are the current mortgage rates in Flint, MI?
As of March 2026, the average 30-year fixed mortgage rate in Flint, Michigan is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.32% and VA loans 6.12%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Flint?
Based on the median home price of $55,000 with 20% down, the estimated monthly mortgage payment in Flint is $285 for principal and interest. Including property taxes of $63/month, the total monthly housing cost is approximately $348.
What income do I need to buy a home in Flint?
Using the 28% rule, you would need an annual income of approximately $14,914 to afford the median-priced home in Flint at $55,000. The median household income in Flint is $28,250. The median income is currently sufficient to meet this threshold.
Is Flint a good place to buy a home in 2026?
Flint offers a below-average cost of living with a cost of living index of 78.5 (national average = 100). The property tax rate in Michigan is 1.38%, which is near the national average. Flint has a population of 95,943 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Flint, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.