Compare Today’s Mortgage Rates for Alba, Michigan
Pureloan searches mortgage lenders and major banks in Alba, Michigan 49611 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 $5,461 or $15 / month is expected in Alba and other areas of Antrim county.
Pureloan’s search engine explores all home mortgage options in Alba, Michigan 49611, 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 Alba, Michigan 49611
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Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Alba, MI
To forecast and predict mortgage rates in Alba, MI 49611, 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 Alba, Michigan 49611 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Alba, Michigan and around Antrim 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 Alba, Michigan 49611
If you’re looking to buy a new home in Alba, we have compiled a list of the leading mortgage brokers around Alba, Michigan 49611 to help you with your search.
Name
Address
Contact
Midwest Mortgage
333 E State St
Traverse City MI 49611
(231) 947-0800
Bay Mortgage
109 S Union St
Traverse City MI 49611
(231) 933-9400
info@bayloans.net
Crest Financial
13818 S West Bay Shore Dr
Traverse City MI 49611
(231) 932-9300
http://www.crestfinancialinc.com
John Adams Mortgage
521 Randolph St
Traverse City MI 49611
(231) 946-4021
info@johnadamsmortgage.com
Reverse Mortgage Center
1214 Cerro Dr
Traverse City MI 49611
(231) 218-0307
http://www.revmortgagecenter.com/
Address
333 E State St
Traverse City MI
Contact
(231) 947-0800
Address
109 S Union St
Traverse City MI
Contact
(231) 933-9400
info@bayloans.net
Address
13818 S West Bay Shore Dr
Traverse City MI
Contact
(231) 932-9300
http://www.crestfinancialinc.com