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Christian Gilhuly

Christian Gilhuly

Mortgage Loan Officer, AVP

NMLS ID#135360
Office Phone: 616-552-6651

About Christian

Christian was born and raised in the metro Detroit area, but fell in love with West Michigan just over 20 years ago while attending Grand Valley State University. During his 16+ years of mortgage lending experience, Christian has not only produced an exceptionally high level of closed loan volume year over year, but more importantly has earned a reputation throughout West Michigan as a lender committed to serving the best interests of his clients as well as the community at large. While regarded by his peers as an expert in all manner of loans related to home purchasing, new construction, and investment property financing, his clients have most often described Christian as sincere, straightforward, encouraging, hardworking, and trustworthy. He attributes much of his success over the years to placing such a strong emphasis on communication with all parties involved on every transaction to insure a smooth and efficient loan process from pre-qualification to closing. It’s this type of attention to detail that has earned him distinction as a highly regarded and valued lending partner throughout the real estate industry.
Christian was recognized for a number of local and state awards in baseball during his prep playing days around metro Detroit before coming to play at GVSU, and sports in general continue to be a big part of his life. He, his wife Staci, and three children ranging in age from 2 - 12 years, have called Grandville home since 2005. Christian is also a very active member within his local Church, and over the years has attached himself to many charitable projects across the region. He was recently installed and serves currently as an ordained Deacon within the Reformed Church of America, while continuing to be an avid supporter and participant in the Kid’s Hope Youth Mentoring program as well.
 

Mortgage Purchase Rates

If you are wanting to refinance your home, please visit our Mortgage Refinance Rates page.

Conventional
Term Rate APR Principal & Interest Payment
15 Yr Fixed Purchase 2.250% 2.307% $1,506.69
30 Yr Fixed Purchase 3.000% 3.032% $969.69
The above rate is based off of the following assumptions for your Conventional Loan:
  • Credit score 740 or higher
  • LTV 80% (20% down payment)
  • Loan amount of $230,000
  • Purchase
  • Owner occupied/single family home
  • No secondary financing
  • Escrow for taxes and insurance
  • 45-day lock
  • Finance charges include $850 origination fee, $6.70 flood certification fee and $72 tax service fee. Additional closing costs apply.

Please note that if your credit score, down payment, loan amount or other characteristics listed are different than the above assumptions, your rate could be higher or lower. Subject to credit approval. Property insurance is required. Rates, terms and conditions effective 09/18/20 are for sample purposes only and subject to change. Rate payment example does not include costs of insurance and taxes; therefore, the actual payment obligation will be higher. Please contact your Mortgage Loan Officer for specific, customized pricing for your financial situation.


Construction
Term Rate APR Principal & Interest Payment
Construction 15 yr 2.500% 2.570% $1,533.62
Construction 30 yr 3.125% 3.164% $985.26
The above rate is based off of the following assumptions for your Construction Loan:
  • Credit score 700 or higher
  • LTV 80% (20% down payment)
  • Loan amount of $230,000
  • One-time close construction
  • Assumes a 1-year construction phase followed by fully amortizing 30-year permanent phase
  • 90-day lock
  • Finance charges include $1,050 origination fee, $6.70 flood certification fee and $72 tax service fee. Additional closing costs apply.
Please note that if your down-payment or other characteristics listed are different than the above assumptions, your rate could be higher or lower. Loan amount up to $1,000,000. Subject to credit approval. Property insurance is required. Rates, terms and conditions effective 09/18/20 are for sample purposes only and subject to change. Rate payment example does not include costs of insurance and taxes; therefore, the actual payment obligation may be higher. Please contact your Mortgage Loan Officer for specific, customized pricing for your financial situation.

Jumbo
Term Rate APR Principal & Interest Payment
Jumbo 30 Yr Purchase 3.000% 3.007% $4,216.04
The above rate is based off of the following assumptions for your Jumbo Loan:
  • Credit score 740 or higher
  • LTV 60% (40% down payment)
  • Loan amount of $1,000,000
  • Purchase
  • Owner occupied/single family home
  • No secondary financing
  • 45-day lock
  • Finance charges include $850 origination fee, $6.70 flood certification fee and $72 tax service fee. Additional closing costs apply.

Please note that if your credit score, down-payment, loan amount, or other characteristics listed are different than the above assumptions, your rate could be higher or lower. Loan amount $510,401 to $1,000,000. Subject to credit approval. Property insurance is required. Rates, terms and conditions effective 09/18/20 are for sample purposes only and subject to change. Rate payment example does not include costs of insurance and taxes; therefore, the actual payment obligation may be higher. Please contact your Mortgage Loan Officer for specific, customized pricing for your financial situation.


ARM
Term Rate APR Principal & Interest Payment
5/6mo SOFR ARM Purchase 2.250% 2.783% $879.17
The above rate is based off of the following assumptions for your Conventional ARM Loan:
  • Credit score 740 or higher
  • LTV 80% (20% down payment)
  • Loan amount of $230,000
  • Purchase
  • Owner occupied/single family home
  • No secondary financing
  • Escrow for taxes and insurance
  • 45-day lock
  • Finance charges include $850 origination fee, $6.70 flood certification fee and $72 tax service fee. Additional closing costs apply.

Please note that if your credit score, down-payment, loan amount, or other characteristics listed are different than the above assumptions, your rate could be higher or lower. Loan amount up to $510,400. Subject to credit approval. Property insurance is required. Rates, terms and conditions effective 09/18/20 are for sample purposes only and subject to change. Rate payment example does not include costs of insurance and taxes; therefore, the actual payment obligation will be higher. Please contact your Mortgage Loan Officer for specific, customized pricing for your financial situation.

Additional example of how an ARM is calculated: On a $230,000, 5/6mo SOFR ARM amortized over 30 years with an initial interest rate of 2.250% with an annual percentage rate of 2.783%, after fixed-period of 5 years the rate may increase every six months; individual adjustments are capped at 2% first, 1% subsequent and rate can never increase by more than the lifetime cap of 5%. Finance charges include $850 origination fee, $6.70 flood certification fee and $72 tax service fee. Additional closing costs apply. A payment example would be as follows based on a fully-capped interest rate of the loan: Months 1-60 at 2.250% rate with a payment of $879.17, Months 61-66 at 4.250% rate with a payment of $1,092.05 Months 67-72 at 5.250% rate with a payment of $1,206.10 Months 73-78 at 6.250% rate with a payment of $1,324.01 Months 79-359 at 7.250% rate with a payment of $1,445.33 and Month 360 at 7.250% rate with a payment of $1,445.79. The monthly payment may change when the interest rate on an adjustable rate mortgage is reset. After the initial fixed-rate period, your interest rate can increase every six months according to the market index. Current index (30 day avg SOFR) as of September, 2020 is 0.08467%. The current index plus Margin rounded to the nearest 0.125 is 3.000%. Any change may significantly impact your monthly payment. Rate payment example does not include costs of insurance and taxes; therefore, the actual payment obligation may be higher.

 


FHA
Term Rate APR Principal & Interest Payment
FHA 30 Yr Purchase 2.500% 3.627% $683.46
The above rate is based off of the following assumptions for your FHA Loan:
  • Credit score 640 or higher
  • LTV 96.5% (3.5% down payment)
  • Base loan amount of $170,000; Total loan amount of $172,975
  • Purchase
  • Owner occupied/single family home
  • Escrow for taxes and insurance
  • 45-day lock
  • Finance charges include 1.75% of base loan amount for upfront mortgage insurance premium, $850 origination fee and $6.70 flood certification fee. Additional closing costs apply.

Please note that if your credit score, down-payment, loan amount or other characteristics listed are different than the above assumptions, your rate could be higher or lower. Subject to credit approval. Property insurance is required. Rates, terms and conditions effective 09/18/20 are for sample purposes only and subject to change. Rate payment example does not include costs of insurance and taxes; therefore, the actual payment obligation will be higher. Please contact your Mortgage Loan Officer for specific, customized pricing for your financial situation.

Example Payment Schedule: Listed below is the payment schedule for an FHA loan with a base loan amount of $170,000 and a total loan amount of $172,975, a rate of 3.250%, with an annual percentage rate of 4.279%, amortized over 30 years. Finance charges include 1.75% of base loan amount for upfront mortgage insurance premium, $850 origination fee and $6.70 flood certification fee. Additional closing costs apply.

Year Number of Payments Payment Amount  
1 12 $872.12  
2 12 $869.67  
3 12 $867.14  
4 12 $864.53  
5 12 $861.83  
6 12 $859.05  
7 12 $856.17  
8 12 $853.20  
9 12 $850.13  
10 12 $846.95  
11 12 $843.68  
12 12 $840.29  
13 12 $836.79  
14 12 $833.18  
15 12 $829.45  
16 12 $825.59  
17 12 $821.61  
18 12 $817.50  
19 12 $813.25  
20 12 $808.86  
21 12 $804.33  
22 12 $799.64  
23 12 $794.81  
24 12 $789.81  
25 12 $784.65  
26 12 $779.31  
27 12 $773.80  
28 12 $768.11  
29 12 $762.24  
30 11 $756.16  
30 Final 1 $754.94  

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