Compare Today’s Mortgage Rates in Kokomo, Indiana 46901

Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Kokomo, Indiana 46901.

After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $5,796 over the lifetime of your 30-year fixed loan, or a monthly savings of $16 in Kokomo and other areas of Howard county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

40.49884 -86.145273 19793

Summary of Average Mortgages in Kokomo, Indiana 46901

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Kokomo, Indiana 46901

Source: Fannie Mae and Freddie Mac


Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Kokomo, IN 46901. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.

Local Mortgage Rates in Kokomo, Indiana 46901

Kokomo is a city in Indiana and the county seat of Howard County, Indiana, United States. Its population increased from 45,468 at the 2010 census to 59,604 in the 2020 census. Read more

Kokomo is a city in Indiana and the county seat of Howard County, Indiana, United States. Its population increased from 45,468 at the 2010 census to 59,604 in the 2020 census. It is the principal city of the Kokomo, Indiana Metropolitan Statistical Area, which includes all of Howard County, the Kokomo-Peru CSA, which includes Howard and Miami counties, as well as the North Central Indiana region consisting of six counties anchored by the city of Kokomo.

Named for the Miami Ma-Ko-Ko-Mo who was called "Chief Kokomo", Kokomo first benefited from the legal business associated with being the county seat. Before the Civil War, it was connected with Indianapolis and then the Eastern cities by railroad, which resulted in sustained growth. Substantial growth came after the discovery of large natural gas reserves, which produced an economic boom in the mid-1880s. Among the businesses which the boom attracted was the fledgling automobile industry. A significant number of technical and engineering innovations were developed in Kokomo, particularly in automobile production, and, as a result, Kokomo became known as the "City of Firsts." A substantial portion of Kokomo's employment still depends on the automobile industry. Read less

Historical Mortgage Rates in Kokomo, Indiana 46901 from 2024 - 2016

We have compiled mortgage rates charts for home loans in Kokomo, Indiana and around Howard county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.

2024 2023 2022 2021 2020 2019 2018 2017 2016
% 30 year fixed mortgage 90.04% 90.08% 88.56% 86.63% 89.38% 84.40% 80.29% 81.34% 77.47%
avg mortgage rate 6.76% 4.88% 3.17% 3.52% 4.55% 4.79% 4.23% 3.94% 4.13%
% 15 year fixed mortgage 7.05% 7.47% 8.10% 8.59% 8.00% 10.46% 14.23% 14.73% 16.46%
avg mortgage rate 5.98% 3.99% 2.48% 3.01% 3.94% 4.19% 3.38% 3.15% 3.29%
Avg credit score 766.75 784.44 741.37 752.14 747.70 742.71 739.03 739.52 743.27
Avg LTV (loan to value) 87.10% 84.69% 85.89% 85.87% 87.29% 84.06% 83.49% 86.43% 85.01%
Avg DTI (debt to income) 34.82 33.46 31.13 31.73 32.63 32.06 31.96 30.58 29.83
% First time homebuyer 52.28% 42.78% 39.07% 36.20% 42.34% 30.85% 31.20% 30.84% 35.70%
Avg mortgage insurance % 18.15% 15.29% 16.05% 16.10% 17.51% 14.12% 13.42% 16.56% 15.31%

Source: Financial Report of the US Government

Best Mortgage Brokers around Kokomo, Indiana 46901

For those searching for a new home in Kokomo, we have compiled a list of the top mortgage brokers located in and around Kokomo, Indiana 46901 to assist you with your search.

Name
Address
Contact

Amer Mortgage Service

902 S Main St

Kokomo IN 46901

(765) 868-3307

American Tax Consultants

732 S Washington St

Kokomo IN 46901

(765) 450-6617

World Finance

513 S Reed Rd

Kokomo IN 46901

(765) 457-1789

http://worldacceptance.com

Check 'n Go

2202 E Markland Ave

Kokomo IN 46901

(765) 868-1111

customerservice@checkngo.com

Loan Broker

1212 E Sycamore St

Kokomo IN 46901

(765) 457-5480

tlchorrushi@sbcglobal.net

Address

902 S Main St

Kokomo IN

Contact

(765) 868-3307

Address

732 S Washington St

Kokomo IN

Contact

(765) 450-6617

Address

513 S Reed Rd

Kokomo IN

Contact

(765) 457-1789

http://worldacceptance.com

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