Compare Today’s Mortgage Rates for Brown City, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Brown City, Michigan 48416. 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 $17,443 or $48 / month in Brown City and other areas of Sanilac county.
Our search engine explores all home mortgage options in Brown City, Michigan 48416, 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 Brown City, Michigan 48416
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APR
Expected Savings
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Interactive Mortgage Rate Projections for Brown City, MI
To forecast and predict mortgage rates in Brown City, MI 48416, 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 Brown City, Michigan 48416 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Brown City, Michigan and around Sanilac 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 Brown City, Michigan 48416
If you’re looking to buy a new home in Brown City, we have compiled a list of the leading mortgage brokers around Brown City, Michigan 48416 to help you with your search.
Name
Address
Contact
Preferred Mortgage
1063 S State Rd
Davison MI 48416
(810) 654-2525
http://www.loanjohn.com/
Check 'n Go
628 N State Rd
Davison MI 48416
(810) 653-8623
comments@checkngo.com
New Horizons Financial
501 W Flint St
Davison MI 48416
(810) 653-5651
http://www.newhorizonsfinancial.com
Flag City Mortgage
1133 S State Rd
Davison MI 48416
(810) 653-1200
American Home Mortgage
300 Smith St
Clio MI 48416
(810) 670-4760
http://americanhm.com
Address
1063 S State Rd
Davison MI
Contact
(810) 654-2525
http://www.loanjohn.com/
Address
628 N State Rd
Davison MI
Contact
(810) 653-8623
comments@checkngo.com
Address
501 W Flint St
Davison MI
Contact
(810) 653-5651
http://www.newhorizonsfinancial.com