Compare Today’s Mortgage Rates for Brooklyn, Michigan
Pureloan searches mortgage lenders and major banks in Brooklyn, Michigan 49230 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 $16,063 or $45 / month is expected in Brooklyn and other areas of Jackson county.
Pureloan’s search engine explores all home mortgage options in Brooklyn, Michigan 49230, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
42.10436
-84.241353
Summary of Average Mortgage Terms in Brooklyn, Michigan 49230
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Brooklyn, Michigan 49230
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Brooklyn, MI
To forecast and predict mortgage rates in Brooklyn, MI 49230, 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 Brooklyn, Michigan 49230 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Brooklyn, Michigan and around Jackson 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 Brooklyn, Michigan 49230
If you’re looking to buy a new home in Brooklyn, we have compiled a list of the leading mortgage brokers around Brooklyn, Michigan 49230 to help you with your search.
Name
Address
Contact
Flagstar Home Loans
101 S Main St
Brooklyn MI 49230
(517) 592-9090
Eagle Docs
141 N Main St
Brooklyn MI 49230
(517) 592-3627
support@eagledocs.com
Harbor Mortgage
141 N Main St
Brooklyn MI 49230
(517) 592-1813
Farm Credit Service
100 Spring St
Concord MI 49230
(517) 524-6670
leigh.picchetti@farmcredit.com
Address
101 S Main St
Brooklyn MI
Contact
(517) 592-9090
Address
141 N Main St
Brooklyn MI
Contact
(517) 592-3627
support@eagledocs.com
Address
141 N Main St
Brooklyn MI
Contact
(517) 592-1813