Compare Today’s Refinance Rates for Grand Rapids, Michigan

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Grand Rapids, Michigan 49510. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Grand Rapids and surrounding areas of Kent county, your expected lifetime cash savings are $4,728 or $13 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Grand Rapids, Michigan 49510.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Grand Rapids, Michigan 49510

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Grand Rapids, MI

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Grand Rapids, MI 49510, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Local Refinance Rates for Grand Rapids, MI

Refinance Rates for Grand Rapids, Michigan 49510 from 2013 - 2020

Below are historical data on refinancing in Grand Rapids, Michigan and around Kent county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 46.39% 36.39% 33.37% 42.74% 48.60% 48.54% 47.74% 51.69%
avg refi rate 4.86% 4.60% 3.92% 3.70% 4.52% 4.07% 3.92% 4.05%
% 15 year fixed refinance 40.35% 45.65% 47.72% 42.17% 42.49% 36.83% 39.48% 35.96%
avg refi rate 4.24% 3.76% 3.19% 2.96% 3.58% 3.28% 3.14% 3.24%
Avg credit score 769.60 766.73 768.32 764.91 754.72 754.71 751.40 748.13
Avg LTV (loan to value) 64.91% 65.31% 66.64% 68.08% 72.22% 70.79% 70.00% 69.99%
Avg DTI (debt to income) 29.89 29.17 29.01 28.57 31.83 30.83 31.44 31.81
Avg refinance insurance % 0.79% 1.19% 1.87% 2.60% 4.51% 4.23% 4.04% 3.81%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Grand Rapids, Michigan 49510

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Grand Rapids, Michigan 49510, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Tom Marrinan

Mortgage Loan Specialist

4460 Cascade Road Se

Grand Rapids, MI 49510

(616) 771-5774

brett.blohm@53.com

Steven Goodin

Mortgage Loan Specialist

3715 28Th Street

Grand Rapids, MI 49510

(616) 771-5161

kara.mitchell@53.com

Fern Hollingshead

Mortgage Loan Specialist

2465 Burton Se

Grand Rapids, MI 49510

(616) 822-6529

anthony.wylie@53.com

Robert Batterbee

Mortgage Loan Specialist

1967 East Beltline Ave Ne

Grand Rapids, MI 49510

(616) 771-4371

james.stephens@53.com

Marvin Rankin

Mortgage Loan Specialist

1850 East Paris Se

Grand Rapids, MI 49510

(616) 653-9167

robert.batterbee@53.com

Address

4460 Cascade Road Se

Grand Rapids, MI

Contact

(616) 771-5774

Fax (301) 639-0804

brett.blohm@53.com

Address

3715 28Th Street

Grand Rapids, MI

Contact

(616) 771-5161

Fax (301) 639-0804

kara.mitchell@53.com

Address

2465 Burton Se

Grand Rapids, MI

Contact

(616) 822-6529

Fax (301) 639-0804

anthony.wylie@53.com

Refinancing News for Grand Rapids, Michigan 49510