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 49515. 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 $8,100 or $23 / month in Grand Rapids and other areas of Kent county.

Our search engine explores all home mortgage options in Grand Rapids, Michigan 49515, 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 49515

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 49515, 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 49515 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 49515

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 49515 to help you with your search.

Name
Address
Contact

CRC Loan Fund Us

2850 Kalamazoo Ave SE

Grand Rapids MI 49515

(616) 224-0829

A-1 Leasing

2007 Eastern Ave SE

Grand Rapids MI 49515

(616) 452-6202

billing@bondcorporation.com

Complete Mortgage Processing

2034 College Ave SE

Grand Rapids MI 49515

(616) 245-6544

http://www.completemortgageprocessing.net/

B & P Mortgage

488 Kinney Ave NW

Grand Rapids MI 49515

(616) 791-9220

Brook Mortgage Corporation

4308 3 Mile Rd NW

Grand Rapids MI 49515

(616) 272-3197

Address

2850 Kalamazoo Ave SE

Grand Rapids MI

Contact

(616) 224-0829

Address

2007 Eastern Ave SE

Grand Rapids MI

Contact

(616) 452-6202

billing@bondcorporation.com

Address

2034 College Ave SE

Grand Rapids MI

Contact

(616) 245-6544

http://www.completemortgageprocessing.net/

News on Mortgages and Reverse Mortgages for Grand Rapids, Michigan 49515