Compare Today’s Mortgage Rates for Afton, Michigan
Pureloan searches mortgage lenders and major banks in Afton, Michigan 49705 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 $9,211 or $26 / month is expected in Afton and other areas of Cheboygan county.
Pureloan’s search engine explores all home mortgage options in Afton, Michigan 49705, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Afton, Michigan 49705
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APR
Expected Savings
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Interactive Mortgage Rate Projections for Afton, MI
To forecast and predict mortgage rates in Afton, MI 49705, 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 Afton, Michigan 49705 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Afton, Michigan and around Cheboygan county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 81.91% | 77.75% | 76.36% | 78.51% | 83.42% | 82.95% | 83.89% | 84.30% |
| avg mortgage rate | 4.88% | 4.67% | 3.91% | 4.00% | 4.43% | 4.09% | 3.89% | 4.11% |
| % 15 year fixed mortgage | 13.07% | 17.16% | 17.73% | 17.56% | 13.48% | 13.35% | 12.68% | 12.45% |
| avg mortgage rate | 4.29% | 3.86% | 3.13% | 3.22% | 3.49% | 3.23% | 3.07% | 3.32% |
| Avg credit score | 765.70 | 760.39 | 762.48 | 758.51 | 754.58 | 754.10 | 746.51 | 749.94 |
| Avg LTV (loan to value) | 77.27% | 78.81% | 80.10% | 81.43% | 82.46% | 82.09% | 83.18% | 83.26% |
| Avg DTI (debt to income) | 30.51 | 30.30 | 30.37 | 30.49 | 31.59 | 31.94 | 32.58 | 32.59 |
| % First time homebuyer | 24.15% | 20.78% | 19.90% | 26.25% | 25.23% | 23.80% | 24.77% | 27.08% |
| Avg mortgage insurance % | 4.47% | 6.92% | 7.78% | 9.47% | 12.01% | 11.43% | 12.51% | 12.29% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Afton, Michigan 49705
If you’re looking to buy a new home in Afton, we have compiled a list of the leading mortgage brokers around Afton, Michigan 49705 to help you with your search.
Name
Address
Contact
Northwood Mortgage
6 W Main St
Boyne City MI 49705
(231) 582-6440
http://www.northwoodmortgage.net
Don Con
780 Old M 75 Loop
Boyne City MI 49705
(231) 582-3590
http://www.doncon.com
Cb Boyne City
120 N Lake St
Boyne City MI 49705
(231) 582-3300
Star Mortgage of America-Nicole Williams
4456 Walloon Ct
Boyne City MI 49705
(231) 582-1733
Client First Mortgage Co.
2810 Charlevoix Ave
Petoskey MI 49705
(231) 487-0221
dmyers@freeway.net
Address
6 W Main St
Boyne City MI
Contact
(231) 582-6440
http://www.northwoodmortgage.net
Address
780 Old M 75 Loop
Boyne City MI
Contact
(231) 582-3590
http://www.doncon.com
Address
120 N Lake St
Boyne City MI
Contact
(231) 582-3300