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.
Summary of Average Mortgage Terms in Grand Rapids, Michigan 49515
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Grand Rapids, MI
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.
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/