Compare Today’s Mortgage Rates for Buchanan, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Buchanan, Michigan 49107. 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 $12,921 or $36 / month in Buchanan and surrounding areas of Berrien 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 Buchanan, Michigan 49107.
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Summary of Average Mortgage Terms in Buchanan, Michigan 49107
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Expected Savings
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Interactive Mortgage Rate Projections for Buchanan, MI
To forecast and predict mortgage rates in Buchanan, MI 49107, 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 Buchanan, Michigan 49107 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Buchanan, Michigan and around Berrien 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 Buchanan, Michigan 49107
If you’re looking to buy a new home in Buchanan, we have compiled a list of the leading mortgage brokers around Buchanan, Michigan 49107 to help you with your search.
Name
Address
Contact
Hallmark Home Mortgage
69351 M 62
Edwardsburg MI 49107
(269) 414-4337
http://www.hallmarkhomemortgage.com/
Ruoff Home Mortgage
815 E Main St
Niles MI 49107
(269) 262-4146
R.L. Kestrel Hills Development
2215 S 11th St
Niles MI 49107
(269) 357-9390
http://www.kestrelhills.com
Check 'n Go
1991 S 11th St
Niles MI 49107
(269) 684-5400
comments@checkngo.com
Bond Bonding Agency
71102 Mapleleaf Dr
Niles MI 49107
(269) 262-5634
http://www.bondzlady1.com/
Address
69351 M 62
Edwardsburg MI
Contact
(269) 414-4337
http://www.hallmarkhomemortgage.com/
Address
815 E Main St
Niles MI
Contact
(269) 262-4146
Address
2215 S 11th St
Niles MI
Contact
(269) 357-9390
http://www.kestrelhills.com