Compare Today’s Mortgage Rates for Cedar Lake, Michigan
Pureloan searches mortgage lenders and major banks in Cedar Lake, Michigan 48812 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 $11,746 or $33 / month is expected in Cedar Lake and other areas of Montcalm county.
Pureloan’s search engine explores all home mortgage options in Cedar Lake, Michigan 48812, 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 Cedar Lake, Michigan 48812
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Expected Savings
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Interactive Mortgage Rate Projections for Cedar Lake, MI
To forecast and predict mortgage rates in Cedar Lake, MI 48812, 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 Cedar Lake, Michigan 48812 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Cedar Lake, Michigan and around Montcalm 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 Cedar Lake, Michigan 48812
If you’re looking to buy a new home in Cedar Lake, we have compiled a list of the leading mortgage brokers around Cedar Lake, Michigan 48812 to help you with your search.
Name
Address
Contact
Greenstone Farm Credit Service
722 W Lawrence Ave
Charlotte MI 48812
(517) 543-1360
leigh.picchetti@farmcredit.com
Real Estate Wearhouse
324 S Cochran Ave
Charlotte MI 48812
(517) 543-1119
http://rewhomes.com
Check 'n Go
1662 Packard Hwy
Charlotte MI 48812
(517) 543-0689
comments@checkngo.com
Delmar Financial
127 S Cochran Ave
Charlotte MI 48812
(517) 543-6611
R & L Mortgage
321 N Shiawassee St
Corunna MI 48812
(989) 720-7368
Address
722 W Lawrence Ave
Charlotte MI
Contact
(517) 543-1360
leigh.picchetti@farmcredit.com
Address
324 S Cochran Ave
Charlotte MI
Contact
(517) 543-1119
http://rewhomes.com
Address
1662 Packard Hwy
Charlotte MI
Contact
(517) 543-0689
comments@checkngo.com