Compare Today’s Mortgage Rates for Grand Rapids, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Grand Rapids, Michigan 49599. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $4,207 or $12 / month in Grand Rapids and surrounding areas of Wexford 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


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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Grand Rapids, MI 49599, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.
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 Wexford county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
---|---|---|---|---|---|---|---|---|
% 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% |
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 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.
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