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.
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Summary of Average Mortgage Terms in Alger, Michigan 48610
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Alger, MI
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.
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