Compare Today’s Mortgage Rates in Grand Rapids, Michigan 49501
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Grand Rapids, Michigan 49501.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Grand Rapids, Michigan 49501. For a 30-year fixed loan, our calculations show that you can expect to save up to $4,624 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Grand Rapids and other areas of Kent county.
Summary of Average Mortgages in Grand Rapids, Michigan 49501
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Interactive Mortgage Rate Projections for Grand Rapids, Michigan 49501
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Grand Rapids, MI 49501. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Grand Rapids, Michigan 49501 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Grand Rapids, Michigan and around Kent county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 97.11% | 94.99% | 94.39% | 93.63% | 91.52% | 88.28% | 88.76% | 85.89% | 85.94% |
avg mortgage rate | 6.64% | 4.82% | 3.13% | 3.47% | 4.45% | 4.69% | 4.22% | 3.93% | 4.10% |
% 15 year fixed mortgage | 2.27% | 3.82% | 4.96% | 4.88% | 6.90% | 9.74% | 9.83% | 11.53% | 12.32% |
avg mortgage rate | 6.24% | 4.12% | 2.47% | 3.09% | 3.82% | 4.04% | 3.47% | 3.21% | 3.29% |
Avg credit score | 747.29 | 754.41 | 771.09 | 756.60 | 762.97 | 750.69 | 747.66 | 747.18 | 749.19 |
Avg LTV (loan to value) | 85.77% | 85.64% | 86.41% | 86.42% | 85.19% | 81.94% | 83.71% | 84.51% | 84.22% |
Avg DTI (debt to income) | 37.12 | 35.84 | 33.92 | 33.70 | 34.19 | 33.39 | 33.40 | 32.99 | 31.84 |
% First time homebuyer | 57.02% | 52.32% | 51.71% | 52.75% | 51.67% | 37.46% | 39.93% | 41.98% | 44.58% |
Avg mortgage insurance % | 16.58% | 16.60% | 17.14% | 16.63% | 15.11% | 11.80% | 13.79% | 14.01% | 14.05% |
Best Mortgage Brokers around Grand Rapids, Michigan 49501
For those searching for a new home in Grand Rapids, we have compiled a list of the top mortgage brokers located in and around Grand Rapids, Michigan 49501 to assist you with your search.
CRC Loan Fund Us
2850 Kalamazoo Ave SE
Grand Rapids MI 49501
(616) 224-0829
A-1 Leasing
2007 Eastern Ave SE
Grand Rapids MI 49501
(616) 452-6202
billing@bondcorporation.com
Complete Mortgage Processing
2034 College Ave SE
Grand Rapids MI 49501
(616) 245-6544
http://www.completemortgageprocessing.net/
B & P Mortgage
488 Kinney Ave NW
Grand Rapids MI 49501
(616) 791-9220
Brook Mortgage Corporation
4308 3 Mile Rd NW
Grand Rapids MI 49501
(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/