Compare Today’s Mortgage Rates for Spencer, Iowa

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Spencer, Iowa 51301. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $5,781 or $16 / month in Spencer and surrounding areas of Clay county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Spencer, Iowa 51301.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Spencer, Iowa 51301

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Spencer, IA 51301, 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 Spencer, Iowa 51301 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Spencer, Iowa and around Clay 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 72.00% 75.49% 72.00% 83.04% 78.80% 80.75% 76.82% 78.16%
avg mortgage rate 4.86% 4.50% 3.76% 3.79% 4.36% 3.97% 3.76% 4.03%
% 15 year fixed mortgage 18.00% 15.69% 24.67% 16.37% 17.93% 15.49% 18.64% 20.69%
avg mortgage rate 4.28% 3.74% 2.94% 2.93% 3.31% 3.14% 2.97% 3.12%
Avg credit score 754.06 758.58 761.93 756.83 752.16 751.12 746.06 748.28
Avg LTV (loan to value) 76.87% 77.96% 80.05% 79.20% 81.93% 80.28% 81.29% 79.97%
Avg DTI (debt to income) 30.59 30.26 30.68 30.75 31.62 31.69 32.70 32.29
% First time homebuyer 23.33% 24.51% 29.33% 25.73% 23.91% 22.54% 25.00% 27.59%
Avg mortgage insurance % 5.21% 6.19% 8.41% 9.08% 9.69% 9.64% 10.54% 9.74%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Spencer, Iowa 51301

If you’re looking to buy a new home in Spencer, we have compiled a list of the leading mortgage brokers around Spencer, Iowa 51301 to help you with your search.

Name
Address
Contact

Shayla Bee Fund

602 4th Ave SE

Spencer IA 51301

(712) 262-9444

http://www.shaylabeefund.com

Teams USA Mortgage

1718 Hill Ave

Spirit Lake IA 51301

(712) 336-2235

http://themortgagedoctorinc.com

PrimeLending, A PlainsCapital Company

1306 18th St

Spirit Lake IA 51301

(712) 336-6549

https://lo.primelending.com/spiritlake

Mortgage Doctor the Inc.

1718 Hill Ave

Spirit Lake IA 51301

(712) 336-2235

http://www.themortgagedoctorinc.com

Wells Fargo Home Mortgage

62 N Highway 71

Arnolds Park IA 51301

(712) 332-6115

http://www.wellsfargo.com/mortgage/

Address

602 4th Ave SE

Spencer IA

Contact

(712) 262-9444

http://www.shaylabeefund.com

Address

1718 Hill Ave

Spirit Lake IA

Contact

(712) 336-2235

http://themortgagedoctorinc.com

Address

1306 18th St

Spirit Lake IA

Contact

(712) 336-6549

https://lo.primelending.com/spiritlake

News on Mortgages and Reverse Mortgages for Spencer, Iowa 51301