Compare Today’s Mortgage Rates for Alden, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Alden, Michigan 49612. 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 $18,607 or $52 / month in Alden and surrounding areas of Antrim 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 Alden, Michigan 49612.
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Summary of Average Mortgage Terms in Alden, Michigan 49612
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Expected Savings
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Interactive Mortgage Rate Projections for Alden, MI
To forecast and predict mortgage rates in Alden, MI 49612, 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 Alden, Michigan 49612 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Alden, 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 Alden, Michigan 49612
If you’re looking to buy a new home in Alden, we have compiled a list of the leading mortgage brokers around Alden, Michigan 49612 to help you with your search.
Name
Address
Contact
Midwest Mortgage
333 E State St
Traverse City MI 49612
(231) 947-0800
Bay Mortgage
109 S Union St
Traverse City MI 49612
(231) 933-9400
info@bayloans.net
Crest Financial
13818 S West Bay Shore Dr
Traverse City MI 49612
(231) 932-9300
http://www.crestfinancialinc.com
John Adams Mortgage
521 Randolph St
Traverse City MI 49612
(231) 946-4021
info@johnadamsmortgage.com
Reverse Mortgage Center
1214 Cerro Dr
Traverse City MI 49612
(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