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Review Keywords Analysis

  1. United States
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Michigan
  4. Grand Rapids
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator Grand Rapids, MI

How much house can you afford in Grand Rapids? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · current rates and lending limits

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax are for this state.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Grand Rapids

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Treadstone Funding | Neighborhood Loans

Known for quickly resolving challenging home loan situations, Treadstone Funding | Neighborhood Loans helps buyers and sellers navigate financing with clear communication and responsiveness. Their team assists with mortgage lending and is appreciated for accommodating tight schedules and answering questions throughout the process. Some clients note a busy team but praise their dedication.

Services & Prices
Rate and Term Refinance Quoted per loan
Cash-Out Refinance Quoted per loan
Streamlined Refinance Quoted per loan
Marketing Strategy Development Quoted per loan
View Profile
(616) 774-9160
Closed Now
210 Fulton St E, Grand Rapids, MI 49503
General Services
Refinancing Services
2

Riverbank Finance LLC

Riverbank Finance specializes in comparing mortgage rates from over 20 wholesale lenders to secure competitive home loan options. Their licensed loan officers guide clients through purchases, refinancing, and specialized loans like FHA, VA, and investor programs. Customers appreciate the clear communication and personalized support throughout the process.

Services & Prices
Pre-Approval Quoted per loan
View Profile
(800) 555-2098
Closed Now
3205 Eaglecrest Dr NE #206, Grand Rapids, MI 49525
General Services
Mortgage Services
3

VanDyk Mortgage Corporation

With over 35 years of collective experience and licensing in 48 states, VanDyk Mortgage specializes in a wide range of home loan options, including conventional, FHA, VA, and USDA loans. The team provides helpful tools and resources to guide borrowers through the process, and clients appreciate their supportive, informative approach—though some note the process can feel overwhelming at times.

View Profile
(888) 482-6395
Closed Now
2449 Camelot Ct SE, Grand Rapids, MI 49546
4

Team Mortgage Company, LLC

Known for clear communication and steady support throughout the home loan process, Team Mortgage Company, LLC helps clients secure financing for purchases and refinancing. The agents focus on making the experience smooth and manageable, with customers appreciating their responsiveness and patience even during challenging moments.

Services & Prices
First-Time Homebuyer Counseling Quoted per loan
Property Financing Solutions Quoted per loan
Loan Pre-Approval Services Quoted per loan
View Profile
(616) 974-9710
Open 9:00 AM - 9:00 PM
5043 Cascade Rd SE A, Grand Rapids, MI 49546
General Services
Home Buying Support
5

Heartland Home Mortgage

Heartland Home Mortgage is known for clear, detailed communication and a straightforward approach that many clients appreciate. The team offers mortgage and refinance services, taking time to answer questions and guide customers through the process. While some find the experience refreshingly honest, others note the pace can feel quick at times.

Services & Prices
Home Loan Quoted per loan
Refinancing Quoted per loan
Pre-Approval Quoted per loan
View Profile
(877) 350-0007
Closed Now
6190 Kalamazoo Ave SE, Grand Rapids, MI 49508
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

Mortgage 1 Inc.

With over 160 years of combined experience, Mortgage 1 specializes in guiding families through home purchases, refinancing, and home equity lines of credit. Their team focuses on clear communication and personalized support, helping clients understand their options. Customers appreciate their professionalism and responsiveness throughout the mortgage process.

Services & Prices
First-Time Home Buyer Mortgages Quoted per loan
Conventional Loans Quoted per loan
FHA Loans Quoted per loan
View Profile
(616) 957-3480
Closed Now
3243 E Paris Ave SE, Grand Rapids, MI 49512
General Services
Mortgage Lending
7

West Michigan Mortgage

Known for making the home buying process as stress-free as possible, West Michigan Mortgage offers responsive and friendly mortgage brokerage services. The team provides clear communication and support throughout, helping clients feel informed and cared for. Some customers note the experience depends on which agent they work with.

Services & Prices
Home Purchase Loans Quoted per loan
Refinancing Services Quoted per loan
FHA Loans Quoted per loan
View Profile
(616) 330-5933
Closed Now
620 Stocking Ave NW, Grand Rapids, MI 49504
General Services
Mortgage Services
8

My City Home Loans

My City Home Loans focuses exclusively on mortgage lending, offering a variety of loan programs including specialized options like Doctor Loans and the My Hero Program. The team guides clients through purchase and refinance processes with clear communication and a streamlined approach, though some may find the range of choices a bit overwhelming at first.

Services & Prices
Conventional Loans Quoted per loan
FHA Loans Quoted per loan
VA Loans Quoted per loan
Refinancing Quoted per loan
View Profile
(616) 622-4022
Closed Now
824 Bridge St NW Ste 1, Grand Rapids, MI 49504
General Services
Home Loan Services
9

Lake State Mortgage

Known for their honesty and accessibility, Lake State Mortgage focuses on guiding clients through mortgage and refinance processes with clear communication and support. The team handles everything from initial financing to securing competitive rates, and customers appreciate their patience and willingness to explain each step. Some find the mortgage process itself challenging, but the agents… more...

Known for their honesty and accessibility, Lake State Mortgage focuses on guiding clients through mortgage and refinance processes with clear communication and support. The team handles everything from initial financing to securing competitive rates, and customers appreciate their patience and willingness to explain each step. Some find the mortgage process itself challenging, but the agents strive to make it as smooth as possible.

Services & Prices
Mortgage Refinancing Quoted per loan
VA Loan Eligibility Verification Quoted per loan
VA Loan Refinancing Quoted per loan
View Profile
(616) 481-2232
Closed Now
5500 Northland Dr NE Ste J, Grand Rapids, MI 49525
General Services
Mortgage Services
10

Priority Home Mortgage - Grand Rapids

Priority Home Mortgage stands out for its direct lending with in-house underwriting, which helps speed up approvals and keeps communication clear. They offer a wide range of mortgage options, including conventional, FHA, VA, jumbo, and specialized non-QM loans. Clients appreciate the team’s responsiveness and personal attention throughout the loan process, though some may find the variety of… more...

Priority Home Mortgage stands out for its direct lending with in-house underwriting, which helps speed up approvals and keeps communication clear. They offer a wide range of mortgage options, including conventional, FHA, VA, jumbo, and specialized non-QM loans. Clients appreciate the team’s responsiveness and personal attention throughout the loan process, though some may find the variety of programs a bit overwhelming at first.

View Profile
(616) 951-1561
Open 00:00 - 23:59
3333 Grand Ridge Dr NE, Grand Rapids, MI 49525

Grand Rapids Mortgage Statistics

Home-purchase lending in Kent County and home costs in Grand Rapids, MI (latest HMDA and Census data)

Lenders made 7,408 home-purchase loans in Kent County in 2025 (average about $343,000) and denied 1,378 — 16% of decided applications, compared with 16% across Michigan, according to federal mortgage data (HMDA, CFPB). In Grand Rapids, the median home is worth $244,500 and 66% of owners have a mortgage, paying a median $1,393 a month (Census ACS 2020–2024).

Home-purchase loans, 2025
7,4080%7,405 in 2024
Denial rate
16%MI 16%
Median home value
$244,500MI $231,600
Monthly cost with a mortgage
$1,393median · MI $1,569
Refinance loans made (Kent County, 2025)
5,239 · 4,003 in 2024
Home-improvement loans made (2025)
2,313
Average home-purchase loan
$343,000 (MI $306,000)
Owners with a mortgage
66% · 20% of them spend 30%+ of income on housing
Median household income
$69,108 (MI $72,875)

Source: CFPB / FFIEC Home Mortgage Disclosure Act (HMDA) data, 2024–2025 loan applications in Kent County (originated vs denied); home values and costs: U.S. Census Bureau ACS 2020–2024. Compiled by TrustAnalytica.

Grand Rapids Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Treadstone Funding | Neighborhood Loans 4.8 2331 Quoted per loan (616) 774-9160 Visit
2 Riverbank Finance LLC 4.9 1009 Quoted per loan (800) 555-2098 Visit
3 VanDyk Mortgage Corporation 4.9 921 — (888) 482-6395 Visit
4 Team Mortgage Company, LLC 5.0 415 Quoted per loan (616) 974-9710 Visit
5 Heartland Home Mortgage 4.8 383 Quoted per loan (877) 350-0007 Visit
6 Mortgage 1 Inc. 5.0 316 Quoted per loan (616) 957-3480 Visit
7 West Michigan Mortgage 4.9 258 Quoted per loan (616) 330-5933 Visit
8 My City Home Loans 4.9 254 Quoted per loan (616) 622-4022 Visit
9 Lake State Mortgage 4.8 203 Quoted per loan (616) 481-2232 Visit
10 Priority Home Mortgage - Grand Rapids 5.0 154 — (616) 951-1561 Visit

How this Grand Rapids mortgage affordability calculator works

Lenders look at your debt-to-income ratio. Housing costs (principal and interest, property tax, homeowners insurance and mortgage insurance) should stay under about 31% of your gross monthly income, and housing plus your other monthly debts under 43%. The calculator finds the highest home price that passes both tests with your down payment, on a 30-year fixed loan.

Michigan rules and numbers this calculator uses

Debt-to-income
31% for housing and 43% total, the FHA standard and the long-time Qualified Mortgage limit. Some conventional loans go higher with strong credit and savings.
Down payment
At least 3% on a conventional first-time buyer loan (3.5% on FHA). Under 20% down, private mortgage insurance of about 0.6% of the loan a year is added to the payment.
Property tax
About 1.13% of the home's value a year, the Michigan average for owner-occupied homes (2024 Census ACS).
Insurance
Homeowners insurance assumed at $150 a month; it varies a lot by home and location.
Rate
Starts at 7.40% (Freddie Mac 30-year average, October 2026). Change it to the rate you have been quoted.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: Freddie Mac Primary Mortgage Market Survey (October 2026), U.S. Census Bureau American Community Survey 2024 property tax data, FHA and CFPB debt-to-income guidance.

Frequently asked questions

10 questions
How does the mortgage affordability calculator work for Grand Rapids?
It uses your income, debts, down payment, and interest rate to estimate the highest home price you can qualify for, including mortgage amount, monthly payment, PMI, and property tax.
How accurate is the mortgage affordability estimate?
It's a general estimate. A pre-approval confirms the real number after verifying your income, debts, credit, and down payment.
What is the debt-to-income ratio for mortgages in Michigan?
Lenders often cap housing costs at 31% of gross income and total debt payments at 43%. Some loans allow more with strong credit.
What is the minimum down payment for a mortgage in Grand Rapids?
Conventional first-time buyer loans require 3%, FHA loans 3.5%, and VA/USDA loans can allow 0% down for eligible buyers.
How does PMI affect my mortgage in Michigan?
Under 20% down, conventional loans add PMI, about 0.6% of the loan yearly. It can be removed once the balance is below 80% of the home's value.
How do interest rates impact what I can afford?
Higher rates increase monthly payments, reducing the home price you can afford. Rates start at 7.40% in this calculator but change weekly.
How do my debts affect my mortgage amount?
Higher monthly debts reduce the mortgage amount you qualify for, as lenders consider total debt payments in the debt-to-income ratio.
What is the property tax rate in Michigan?
The property tax is about 1.13% of the home's value annually, based on the 2024 average for owner-occupied homes.
What is the difference between pre-approval and pre-qualification?
Pre-approval involves verifying your financial details for a firm loan offer. Pre-qualification is an initial estimate without verification.
What does a mortgage broker do in Grand Rapids?
A mortgage broker helps find and negotiate loan terms with lenders, guiding you through the mortgage process.

General information, not financial advice — consult a qualified professional.