Compare Today’s Mortgage Rates for Alpena, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Alpena, Michigan 49707. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $11,065 or $31 / month in Alpena and other areas of Alpena county.
Our search engine explores all home mortgage options in Alpena, Michigan 49707, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
45.079018
-83.4602
Summary of Average Mortgage Terms in Alpena, Michigan 49707
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Alpena, Michigan 49707
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Alpena, MI
To forecast and predict mortgage rates in Alpena, MI 49707, 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 Alpena, Michigan 49707 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Alpena, Michigan and around Alpena 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 Alpena, Michigan 49707
If you’re looking to buy a new home in Alpena, we have compiled a list of the leading mortgage brokers around Alpena, Michigan 49707 to help you with your search.
Name
Address
Contact
Financial Services & MTG Corporation
100 S 2nd Ave
Alpena MI 49707
(989) 356-9041
Fast Guns
1013 Walter St
Alpena MI 49707
(989) 356-9644
Mortgage 1
129 River St
Alpena MI 49707
(989) 356-5900
cbiscorner@mortgageone.com
Huron Shores Mortgage Company
129 River St
Alpena MI 49707
(989) 356-5900
Northwood Mortgage
6 W Main St
Boyne City MI 49707
(231) 582-6440
http://www.northwoodmortgage.net
Address
100 S 2nd Ave
Alpena MI
Contact
(989) 356-9041
Address
1013 Walter St
Alpena MI
Contact
(989) 356-9644
Address
129 River St
Alpena MI
Contact
(989) 356-5900
cbiscorner@mortgageone.com