Macatawa and Wintrust Announcement
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Mortgage rates

Here you can find our current Mortgage rates.

Rates are accurate as of April 19th, 2024 and are subject to change without notice. 

Product

15 Year Fixed
30 Year Fixed
7/6 SOFR ARM
30 Year Fixed FHA

Interest Rate

6.25%
6.50%
6.375%
7.125%

APR1

6.404%
6.608%
7.302%
7.973%

Monthly Payment

$1,372
$1,012
$   999     
$1,097

Additional loan programs available.  Contact a Mortgage Loan Officer to review loan products and interest rates for your specific needs.

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Rate Assumptions

Interest rates and annual percentage rates (APRs) are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables.  Property type restrictions and other limitations apply. 

This is not a credit decision or a commitment to lend. Depending on loan guidelines, mortgage insurance may be required. If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Your loan's interest rate will depend on the specific characteristics of your loan transaction and your credit profile up to the time of closing. 
The estimated monthly payments are for principal and interest only. Taxes, property insurance, and flood and mortgage insurance (if applicable) are not included in the monthly payment amount. Your actual monthly payment amount may be higher. An escrow account may be required. While actual loan terms may be different as prepaid finance charges and closing costs vary, the Annual Percentage Rate (APR) and monthly payments listed are based on the following assumptions:

30 Year Fixed Rate & 15 Year Fixed Rate Assumptions:

  • FICO score of 740
  • The purchase of a single family, primary residence
  • Loan amount of $160,000
  • Loan-to-Value of 75%
  • Average fees of $1,566. Other fees not affecting the APR may apply.
  • A 45-day rate lock-in period

FHA 30 Year Fixed Rate Assumptions:

  • FICO score of 680
  • The purchase of a single family, primary residence
  • Base loan amount of $160,000
  • Total loan amount of $162,800
  • Maximum Loan-to-Value of 96.50%
  • Average fees of $4,105. Other fees not affecting the APR may apply.
  • A 45-day rate lock-in period

7/6 SOFR ARM Assumptions:

  • Adjustable-rate mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period: ARMs assume 30-year term.
  • FICO score of 740
  • The purchase of a single family, primary residence
  • Loan amount of $160,000
  • Loan-to-Value of 75%
  • Average fees of $1,566. Other fees not affecting the APR may apply.
  • A 45-day rate lock-in period
All loans are subject to credit approval.
1 APR = Annual Percentage Rate.
Disclosures and borrower information
Macatawa Bank's primary lending area is West Michigan. Online applications will be considered received on today’s business day if submitted during the course of the bank’s normal business hours;
9am EST – 5pm EST Monday – Friday, excluding Federal Holidays
9am EST – 12pm EST on Saturdays
Applications received outside of this timeframe, including Federal Holidays and Sundays will be considered received the next business day.

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