Compare Today’s Mortgage Rates for Allenton, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Allenton, Michigan 48002. 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 $19,416 or $54 / month in Allenton and surrounding areas of Saint Clair 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 Allenton, Michigan 48002.
Summary of Average Mortgage Terms in Allenton, Michigan 48002
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Interactive Mortgage Rate Projections for Allenton, MI
To forecast and predict mortgage rates in Allenton, MI 48002, 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 Allenton, Michigan 48002 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Allenton, Michigan and around Saint Clair 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 Allenton, Michigan 48002
If you’re looking to buy a new home in Allenton, we have compiled a list of the leading mortgage brokers around Allenton, Michigan 48002 to help you with your search.
Shore Mortgage
770 S Adams Rd
Birmingham MI 48002
(248) 433-3300
careers@shoremortgage.com
Home Funding Group
132 N Old Woodward Ave
Birmingham MI 48002
(248) 792-6242
dkeblaitis@homefundinggroup.net
United Wholesale Mortgage
555 S Adams Rd
Birmingham MI 48002
(248) 433-4799
http://www.uwmco.com/
Banco Mortgage Centre
379 Hamilton Row
Birmingham MI 48002
(248) 258-5600
rmcorr@carnegiemanagement.com
Lewis Financial Group
322 N Old Woodward Ave
Birmingham MI 48002
(248) 901-1750
sales@lewis-lewis.net
Address
770 S Adams Rd
Birmingham MI
Contact
(248) 433-3300
careers@shoremortgage.com
Address
132 N Old Woodward Ave
Birmingham MI
Contact
(248) 792-6242
dkeblaitis@homefundinggroup.net
Address
555 S Adams Rd
Birmingham MI
Contact
(248) 433-4799
http://www.uwmco.com/