Compare Today’s Mortgage Rates for Grand Rapids, Michigan

Pureloan searches all major banks and mortgage lenders for the best home loan rates in Grand Rapids, Michigan 49599. We provide popular mortgage brokers in your area and a detailed analysis of your home loan payments. For 30-year fixed, expected lifetime cash savings are $13,485 or $37 / month in Grand Rapids and surrounding areas of Kent county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Grand Rapids, Michigan 49599.

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Summary of Average Mortgage Terms in Grand Rapids, Michigan 49599

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Historical Mortgage Rates for Grand Rapids, Michigan 49599 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Grand Rapids, Michigan and around Kent county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2012 2013 2014 2015 2016 2017 2018 2019
% 30 year fixed mortgage 81.91% 77.75% 76.36% 78.51% 83.42% 82.95% 83.89% 84.30%
avg mortgage rate 4.88% 4.67% 3.91% 4.00% 4.43% 4.09% 3.89% 4.11%
% 15 year fixed mortgage 13.07% 17.16% 17.73% 17.56% 13.48% 13.35% 12.68% 12.45%
avg mortgage rate 4.29% 3.86% 3.13% 3.22% 3.49% 3.23% 3.07% 3.32%
% 10 year fixed mortgage 0.58% 1.07% 0.60% 0.75% 0.50% 0.58% 0.45% 0.54%
avg mortgage rate 4.25% 3.97% 3.08% 3.13% 3.45% 3.14% 3.07% 3.54%
Avg credit score 765.70 760.39 762.48 758.51 754.58 754.10 746.51 749.94
Avg LTV (loan to value) 77.27% 78.81% 80.10% 81.43% 82.46% 82.09% 83.18% 83.26%
Avg Combined LTV (loan to value) 77.56% 79.01% 80.19% 81.53% 82.56% 82.14% 83.28% 83.27%
Avg DTI (debt to income) 30.51 30.30 30.37 30.49 31.59 31.94 32.58 32.59
% First time homebuyer 24.15% 20.78% 19.90% 26.25% 25.23% 23.80% 24.77% 27.08%
Avg mortgage insurance % 4.47% 6.92% 7.78% 9.47% 12.01% 11.43% 12.51% 12.29%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Grand Rapids, Michigan 49599

If you’re looking to buy a new home in Grand Rapids, we have compiled a list of the leading mortgage brokers around Grand Rapids, Michigan 49599 to help you with your search.

Name
Address
Contact

Ameriquest Mortgage Co.

2505 E Paris Ave SE

Grand Rapids MI 49599

(616) 942-7884

http://www.ameriquest.net

The Pursuit Group

252 Grandville Ave SW

Grand Rapids MI 49599

(616) 742-1331

GVC Mortgage

932 Coldbrook St NE

Grand Rapids MI 49599

(616) 214-8595

AIM Financial

3738 28th St SE

Grand Rapids MI 49599

(616) 855-3300

jeff@aimfinancial.com

Mortgage 1 Inc.

3243 E Paris Ave SE

Grand Rapids MI 49599

(616) 957-3480

inquiry@mortgageone.biz

Address

2505 E Paris Ave SE

Grand Rapids MI

Contact

(616) 942-7884

http://www.ameriquest.net

Address

252 Grandville Ave SW

Grand Rapids MI

Contact

(616) 742-1331

Address

932 Coldbrook St NE

Grand Rapids MI

Contact

(616) 214-8595

News on Mortgages and Reverse Mortgages for Grand Rapids, Michigan 49599