Compare Today’s Mortgage Rates for Lake Elsinore, California
Pureloan searches mortgage lenders and major banks in Lake Elsinore, California 92531 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $13,519 or $38 / month is expected in Lake Elsinore and other areas of Riverside county.
Pureloan’s search engine explores all home mortgage options in Lake Elsinore, California 92531, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Lake Elsinore, California 92531
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Lake Elsinore, CA
To forecast and predict mortgage rates in Lake Elsinore, CA 92531, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.
Historical Mortgage Rates for Lake Elsinore, California 92531 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Lake Elsinore, California and around Riverside county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 96.21% | 94.86% | 93.52% | 96.02% | 96.01% | 96.31% | 96.82% | 96.77% |
| avg mortgage rate | 4.96% | 4.70% | 3.94% | 4.03% | 4.48% | 4.14% | 3.95% | 4.21% |
| % 15 year fixed mortgage | 3.34% | 4.00% | 5.51% | 3.62% | 3.59% | 3.07% | 2.80% | 2.77% |
| avg mortgage rate | 4.35% | 3.95% | 3.26% | 3.20% | 3.51% | 3.28% | 3.14% | 3.34% |
| Avg credit score | 764.75 | 766.40 | 766.21 | 760.01 | 755.53 | 757.44 | 754.41 | 756.90 |
| Avg LTV (loan to value) | 71.55% | 72.38% | 73.05% | 75.30% | 75.57% | 74.95% | 75.79% | 74.44% |
| Avg DTI (debt to income) | 36.90 | 36.18 | 36.13 | 36.80 | 37.62 | 37.51 | 38.39 | 38.67 |
| % First time homebuyer | 34.60% | 26.71% | 24.13% | 28.74% | 31.91% | 31.37% | 36.61% | 34.69% |
| Avg mortgage insurance % | 1.87% | 2.23% | 3.67% | 5.97% | 6.76% | 6.51% | 7.59% | 6.56% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Lake Elsinore, California 92531
If you’re looking to buy a new home in Lake Elsinore, we have compiled a list of the leading mortgage brokers around Lake Elsinore, California 92531 to help you with your search.
Name
Address
Contact
Icm
350 Railroad Canyon Rd
Lake Elsinore CA 92531
(951) 245-3855
Loan Ace
31569 Canyon Estates Dr
Lake Elsinore CA 92531
(951) 226-1270
Empire Title Loans
361 Railroad Canyon Rd
Lake Elsinore CA 92531
(951) 245-3557
City Loan - Auto Title Loans
361 Railroad Canyon Rd
Lake Elsinore CA 92531
(951) 290-7008
http://www.cityloan.com/california-car-title-loans-in-15-minutes
Title Loans for Cash
361 Railroad Canyon Rd
Lake Elsinore CA 92531
(800) 200-8242
http://www.searchmagnetlocal.com/show.php
Address
350 Railroad Canyon Rd
Lake Elsinore CA
Contact
(951) 245-3855
Address
31569 Canyon Estates Dr
Lake Elsinore CA
Contact
(951) 226-1270
Address
361 Railroad Canyon Rd
Lake Elsinore CA
Contact
(951) 245-3557