Compare Today’s Mortgage Rates for Grand Rapids, Michigan

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Grand Rapids, Michigan 49510. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $7,270 or $20 / month in Grand Rapids and other areas of Kent county.

Our search engine explores all home mortgage options in Grand Rapids, Michigan 49510, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Grand Rapids, Michigan 49510

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Grand Rapids, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Grand Rapids, MI 49510, 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.

Local Mortgage Rates for Grand Rapids, MI

Historical Mortgage Rates for Grand Rapids, Michigan 49510 from 2013 - 2020

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.

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 49510

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 49510 to help you with your search.

Name
Address
Contact

Ameriquest Mortgage Co.

2505 E Paris Ave SE

Grand Rapids MI 49510

(616) 942-7884

http://www.ameriquest.net

The Pursuit Group

252 Grandville Ave SW

Grand Rapids MI 49510

(616) 742-1331

GVC Mortgage

932 Coldbrook St NE

Grand Rapids MI 49510

(616) 214-8595

AIM Financial

3738 28th St SE

Grand Rapids MI 49510

(616) 855-3300

jeff@aimfinancial.com

Mortgage 1 Inc.

3243 E Paris Ave SE

Grand Rapids MI 49510

(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 49510