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
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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