Compare Today’s Mortgage Rates for Alger, Michigan

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Alger, Michigan 48610. 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 $14,167 or $39 / month in Alger and surrounding areas of Arenac 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 Alger, Michigan 48610.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

44.139488 -84.18719

Summary of Average Mortgage Terms in Alger, Michigan 48610

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Alger, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Alger, MI 48610, 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.

Local Mortgage Rates for Alger, MI

Historical Mortgage Rates for Alger, Michigan 48610 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Alger, Michigan and around Arenac 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 86.08% 83.00% 84.38% 87.84% 89.13% 89.26% 89.76% 88.17%
avg mortgage rate 5.07% 4.79% 3.97% 4.11% 4.54% 4.23% 4.02% 4.23%
% 15 year fixed mortgage 12.03% 13.88% 12.88% 10.70% 9.53% 9.05% 8.54% 10.47%
avg mortgage rate 4.43% 4.06% 3.29% 3.31% 3.58% 3.37% 3.18% 3.40%
Avg credit score 761.24 764.56 762.02 757.46 752.75 749.21 747.88 746.47
Avg LTV (loan to value) 76.88% 78.57% 81.21% 82.38% 83.35% 83.55% 83.55% 82.93%
Avg DTI (debt to income) 32.42 31.68 31.69 32.19 33.12 33.15 33.88 34.39
% First time homebuyer 33.89% 30.18% 28.28% 35.82% 41.22% 40.53% 41.02% 39.25%
Avg mortgage insurance % 4.08% 5.63% 9.53% 10.97% 13.12% 13.43% 13.38% 12.57%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Alger, Michigan 48610

If you’re looking to buy a new home in Alger, we have compiled a list of the leading mortgage brokers around Alger, Michigan 48610 to help 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

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