Rates by city
Mortgage rates in Holland, Michigan
Holland blends Dutch heritage, a lakeshore-tourism economy, and Hope College into one of West Michigan's most desirable — and increasingly pricey — small-city markets, all under Ottawa County's notably low property taxes.
The Holland market
Strong tourism and second-home demand along the Lake Michigan shore push Holland prices above much of West Michigan, while Ottawa County's low ~1.2% effective tax rate softens the monthly cost. Waterfront and near-lake properties draw cash and second-home buyers, changing the competitive dynamic for primary-residence financing.
Neighborhoods buyers ask about: Downtown Holland · Historic District · Waukazoo · Macatawa · Southside
What's different about buying here
Ottawa County's low ~1.2% effective property tax makes carrying a Holland home cheaper than the price suggests — but lakeshore second-home demand pushes prices above most of West Michigan.
Down payment help in Holland
Holland's rising prices strain MSHDA limits in town, though they remain reachable in the surrounding county. Occupancy is the key financing question near the lake — be clear with your lender about primary versus second-home use.
Today's Michigan rates
| Loan type | Rate | APR | Weekly change |
|---|---|---|---|
| 30-Year Fixed | 6.45% | 6.52% | ▾ 0.04 pts |
| 15-Year Fixed | 5.72% | 5.81% | ▾ 0.02 pts |
| FHA 30-Year | 6.12% | 6.89% | ▾ 0.05 pts |
| VA 30-Year | 6.02% | 6.21% | ▴ + 0.01 pts |
Source: Editorial survey of Michigan lenders; national benchmark: Freddie Mac PMMS. Averages for borrowers with 740+ credit and 20% down; your quote will differ.
Estimate your exact payment with Ottawa County's tax rate in the Michigan payment calculator, and see whether you qualify for MSHDA down payment help before assuming you need 20% down.
Frequently asked questions
Why are Holland's taxes lower than other Michigan cities?
Ottawa County's effective property tax rate — around 1.2% — is among the lowest in Michigan, well below Wayne or Oakland counties. On a $340,000 Holland home that saves hundreds a month versus a similarly priced home in metro Detroit, which materially improves affordability.
What is the monthly payment on a typical Holland home?
On Holland's median price of about $340 000 with 10% down at today's 6.45% average rate, expect roughly $2 414/month including Ottawa County property taxes at ~1.2% and insurance.
Are mortgage rates different in Holland than the rest of Michigan?
The interest rate itself is the same statewide — what changes in Holland is everything around it: Ottawa County's ~1.2% effective property tax, local insurance costs, and which down payment assistance programs apply.