Compare Today’s Mortgage Rates in Alger, Michigan 48610
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Alger, Michigan 48610.
Our search engine thoroughly explores all home mortgage options in Alger, Michigan 48610, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $14,919 in lifetime cash or $41 per month in Alger and other areas of Arenac county.
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Summary of Average Mortgages in Alger, Michigan 48610
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Alger, Michigan 48610
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Alger, MI 48610. 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.
Historical Mortgage Rates in Alger, Michigan 48610 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Alger, Michigan and around Arenac 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 | 93.18% | 91.38% | 88.96% | 81.50% | 86.83% | 80.13% | 77.71% | 77.40% | 78.19% |
avg mortgage rate | 6.81% | 4.85% | 3.21% | 3.45% | 4.51% | 4.77% | 4.23% | 3.95% | 4.14% |
% 15 year fixed mortgage | 5.30% | 5.81% | 9.82% | 15.18% | 8.33% | 15.71% | 16.88% | 18.49% | 17.11% |
avg mortgage rate | 6.10% | 4.06% | 2.63% | 2.90% | 3.83% | 4.20% | 3.41% | 3.10% | 3.32% |
Avg credit score | 738.14 | 744.83 | 746.40 | 748.73 | 748.99 | 752.39 | 750.95 | 751.26 | 754.98 |
Avg LTV (loan to value) | 84.17% | 84.73% | 83.90% | 83.60% | 83.35% | 81.23% | 81.23% | 81.89% | 81.74% |
Avg DTI (debt to income) | 36.02 | 36.32 | 32.86 | 33.23 | 33.58 | 32.55 | 32.37 | 31.62 | 31.69 |
% First time homebuyer | 31.06% | 35.07% | 30.98% | 25.78% | 25.00% | 21.79% | 16.56% | 26.37% | 13.09% |
Avg mortgage insurance % | 14.91% | 14.94% | 13.18% | 12.56% | 11.50% | 10.88% | 10.18% | 10.34% | 9.53% |
Best Mortgage Brokers around Alger, Michigan 48610
For those searching for a new home in Alger, we have compiled a list of the top mortgage brokers located in and around Alger, Michigan 48610 to assist you with your search.
Name
Address
Contact
Gateway Title Company
218 E 5th St
Clare MI 48610
(989) 386-8020
dedicated@gatewaytitleco.com
Affordable Mortgage
115 Park Ln
Beaverton MI 48610
(989) 435-2500
mfpp@ewashtenaw.org
Union Home Mortgage
810 W Wackerly St
Midland MI 48610
(989) 633-9272
J & A Services
4604 N Saginaw Rd
Midland MI 48610
(989) 923-5630
Approved Cash Advance
318 S Saginaw Rd
Midland MI 48610
(989) 835-8680
j_fonte@babcorp.com
Address
218 E 5th St
Clare MI
Contact
(989) 386-8020
dedicated@gatewaytitleco.com
Address
115 Park Ln
Beaverton MI
Contact
(989) 435-2500
mfpp@ewashtenaw.org
Address
810 W Wackerly St
Midland MI
Contact
(989) 633-9272