Mortgage lending in Grand Rapids-Wyoming-Kentwood, MI
29,462 mortgages were originated in the Grand Rapids-Wyoming-Kentwood, MI area in 2025, and here is what they cost.
30-year fixed, this week
6.71%
Freddie Mac's survey average for the week of September 3, 2026 — a year earlier it was 6.56%, and the past year ranged 5.98–6.71%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 29,462
- Median rate
- 6.790%
- Median lender fees
- $3,895
The going rate is the federal "average prime offer rate" for a comparable loan; 0.5 means half a percentage point above it.
- Median loan amount
- $205,000
- Above the going rate (spread over APOR)
- 0.260
- Paid discount points
- 30%
- Received lender credits
- 22.6%
- Purchases / refinances
- 44.2% / 31.8%
- Conventional / FHA / VA
- 89.1% / 6.9% / 3.8%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 63.9% of loans here — see methodology.
Who lent here
Lenders with at least 50 loans in the Grand Rapids-Wyoming-Kentwood, MI area, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| Lake Michigan Credit Union | 6,694 | $3,387 | 6.875% |
| The Huntington National Bank | 1,808 | $3,551 | 7.490% |
| Fifth Third Bank, National Association | 1,775 | $3,153 | 7.500% |
| United Shore Financial Services, LLC | 1,518 | $6,368 | 6.499% |
| Rocket Mortgage, LLC | 1,509 | $5,052 | 6.750% |
| Mercantile Bank | 871 | $3,528 | 6.750% |
| Consumers Credit Union | 859 | $3,384 | 6.125% |
| Independent Bank | 600 | $4,030 | 6.875% |
| Old National Bank | 533 | $3,435 | 6.375% |
| Mortgage 1 Incorporated | 465 | $4,588 | 6.625% |