Compare Today’s Mortgage Rates in Cedar Springs, Michigan 49319
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Cedar Springs, Michigan 49319.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Cedar Springs, Michigan 49319. For a 30-year fixed loan, our calculations show that you can expect to save up to $9,788 over the lifetime of your mortgage, which translates to a monthly savings of $27 in Cedar Springs and other areas of Kent county.
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Summary of Average Mortgages in Cedar Springs, Michigan 49319
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Cedar Springs, Michigan 49319
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Cedar Springs, MI 49319. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Cedar Springs, Michigan 49319 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Cedar Springs, Michigan and around Kent county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 96.58% | 93.94% | 93.33% | 91.59% | 89.53% | 86.51% | 86.89% | 86.31% | 82.92% |
| avg mortgage rate | 6.50% | 4.78% | 3.11% | 3.40% | 4.40% | 4.63% | 4.13% | 3.84% | 4.07% |
| % 15 year fixed mortgage | 2.28% | 4.84% | 5.26% | 6.28% | 7.97% | 10.12% | 10.34% | 11.33% | 13.74% |
| avg mortgage rate | 5.52% | 3.83% | 2.47% | 2.92% | 3.76% | 3.93% | 3.31% | 3.08% | 3.24% |
| Avg credit score | 752.38 | 768.01 | 750.67 | 765.53 | 750.16 | 757.31 | 748.96 | 758.63 | 754.00 |
| Avg LTV (loan to value) | 82.58% | 83.26% | 83.02% | 83.56% | 82.64% | 80.86% | 82.88% | 82.97% | 81.73% |
| Avg DTI (debt to income) | 37.22 | 35.95 | 34.41 | 34.19 | 34.64 | 34.54 | 33.57 | 32.77 | 32.34 |
| % First time homebuyer | 43.02% | 34.87% | 31.39% | 27.59% | 28.90% | 19.57% | 23.75% | 20.86% | 19.87% |
| Avg mortgage insurance % | 15.33% | 14.89% | 14.22% | 14.41% | 13.15% | 11.70% | 13.18% | 13.01% | 11.68% |
Best Mortgage Brokers around Cedar Springs, Michigan 49319
For those searching for a new home in Cedar Springs, we have compiled a list of the top mortgage brokers located in and around Cedar Springs, Michigan 49319 to assist you with your search.
Name
Address
Contact
Inlanta Mortgage
4330 17 Mile Rd NE
Cedar Springs MI 49319
(616) 696-0900
http://www.inlanta.com
Commercial Loan Group
4795 Cornfield Dr
Cedar Springs MI 49319
(616) 263-9590
Michigan Fund Raising
13890 White Creek Ave NE
Cedar Springs MI 49319
(616) 696-2376
Mercantile Mortgage Co.
4613 Alpine Ave NW
Comstock Park MI 49319
(616) 406-3000
privacyofficer@mercbank.com
Unity Credit Company
7612 Clyde Park Ave SW
Byron Center MI 49319
(616) 583-9706
Address
4330 17 Mile Rd NE
Cedar Springs MI
Contact
(616) 696-0900
http://www.inlanta.com
Address
4795 Cornfield Dr
Cedar Springs MI
Contact
(616) 263-9590
Address
13890 White Creek Ave NE
Cedar Springs MI
Contact
(616) 696-2376