Mortgage Rates in Grand Haven, Michigan — March 2026
Updated March 2026 | Based on Grand Haven market data and regional lending conditions
Grand Haven is a growing city in Michigan with a population of 11,168. The current 30-year fixed mortgage rate in Grand Haven is 6.71%, which is 0.06% above the national average. With a median home price of $215,000 and a 20% down payment of $43,000, homebuyers can expect a monthly principal and interest payment of approximately $1,111.
Current Mortgage Rates in Grand Haven, MI
Below are the current average mortgage rates available in the Grand Haven area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.71% | 6.65% | +0.06% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.96% | 6.85% | +0.11% |
Grand Haven Housing Market Overview
The Grand Haven housing market offers relatively affordable housing compared to many major cities. The median household income in Grand Haven is $54,600, and the cost of living index is 83.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $58,757 to comfortably afford the median-priced home in Grand Haven, which exceeds the current median household income.
Monthly Payment Breakdown for Grand Haven
Based on the median home price of $215,000 with 20% down ($43,000), here is what you can expect to pay monthly in Grand Haven:
15-Year vs. 30-Year Mortgage in Grand Haven
Choosing a 15-year mortgage in Grand Haven at 5.96% instead of a 30-year at 6.71% would save you $139,320 in total interest over the life of the loan. However, your monthly payment would be $1,448 instead of $1,111 — an increase of $337 per month.
Calculate Your Grand Haven Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Grand Haven
What are the current mortgage rates in Grand Haven, MI?
As of March 2026, the average 30-year fixed mortgage rate in Grand Haven, Michigan is 6.71%, while the 15-year fixed rate is 5.96%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.06% above the national average of 6.65%.
How much is a monthly mortgage payment in Grand Haven?
Based on the median home price of $215,000 with 20% down, the estimated monthly mortgage payment in Grand Haven is $1,111 for principal and interest. Including property taxes of $260/month, the total monthly housing cost is approximately $1,371.
What income do I need to buy a home in Grand Haven?
Using the 28% rule, you would need an annual income of approximately $58,757 to afford the median-priced home in Grand Haven at $215,000. The median household income in Grand Haven is $54,600. This means most households would need to either earn above the median or consider homes below $215,000.
Is Grand Haven a good place to buy a home in 2026?
Grand Haven offers a below-average cost of living with a cost of living index of 83.6 (national average = 100). The property tax rate in Michigan is 1.45%, which is near the national average. Grand Haven has a population of 11,168 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Grand Haven, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.