Compare Today’s Mortgage Rates for Belmont, Michigan
Pureloan searches mortgage lenders and major banks in Belmont, Michigan 49306 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $26,125 or $73 / month is expected in Belmont and other areas of Kent county.
Pureloan’s search engine explores all home mortgage options in Belmont, Michigan 49306, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Belmont, Michigan 49306
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Belmont, MI
To forecast and predict mortgage rates in Belmont, MI 49306, 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 Belmont, Michigan 49306 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Belmont, Michigan and around Kent 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 Belmont, Michigan 49306
If you’re looking to buy a new home in Belmont, we have compiled a list of the leading mortgage brokers around Belmont, Michigan 49306 to help you with your search.
Name
Address
Contact
Riverwoods Mortgage
6231 W River Rd NE
Belmont MI 49306
(616) 447-1300
Independent Mortgage Co.
6350 Jupiter Ave NE
Belmont MI 49306
(989) 797-4634
http://www.independentbank.com/
Ross Mortgage
2350 Belmont Center Dr NE
Belmont MI 49306
(616) 570-0725
apply@rossmortgage.com
Unity Credit Company
7612 Clyde Park Ave SW
Byron Center MI 49306
(616) 583-9706
Michigan Fund Raising
13890 White Creek Ave NE
Cedar Springs MI 49306
(616) 696-2376
Address
6231 W River Rd NE
Belmont MI
Contact
(616) 447-1300
Address
6350 Jupiter Ave NE
Belmont MI
Contact
(989) 797-4634
http://www.independentbank.com/
Address
2350 Belmont Center Dr NE
Belmont MI
Contact
(616) 570-0725
apply@rossmortgage.com