Compare Today’s Mortgage Rates in Cheboygan, Michigan 49721
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Cheboygan, Michigan 49721.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Cheboygan, Michigan 49721. For a 30-year fixed loan, our calculations show that you can expect to save up to $7,096 over the lifetime of your mortgage, which translates to a monthly savings of $20 in Cheboygan and other areas of Cheboygan county.
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Summary of Average Mortgages in Cheboygan, Michigan 49721
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Cheboygan, Michigan 49721
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Cheboygan, MI 49721. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Cheboygan, Michigan 49721 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Cheboygan, Michigan and around Cheboygan county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 87.65% | 89.54% | 87.06% | 88.47% | 83.89% | 80.80% | 81.97% | 82.59% | 81.54% |
avg mortgage rate | 6.75% | 4.80% | 3.10% | 3.29% | 4.44% | 4.65% | 4.14% | 3.83% | 4.08% |
% 15 year fixed mortgage | 9.88% | 7.37% | 10.14% | 8.37% | 13.64% | 14.31% | 13.48% | 13.29% | 14.73% |
avg mortgage rate | 6.11% | 3.95% | 2.46% | 2.76% | 3.88% | 4.00% | 3.30% | 3.11% | 3.26% |
Avg credit score | 745.38 | 747.44 | 751.71 | 755.66 | 750.01 | 770.44 | 772.98 | 751.60 | 755.83 |
Avg LTV (loan to value) | 81.08% | 82.41% | 81.50% | 82.46% | 81.68% | 80.52% | 80.54% | 81.45% | 81.40% |
Avg DTI (debt to income) | 34.93 | 34.43 | 33.38 | 32.98 | 33.25 | 32.09 | 31.95 | 31.78 | 31.87 |
% First time homebuyer | 35.80% | 29.89% | 19.05% | 20.91% | 25.11% | 19.38% | 17.67% | 18.31% | 20.12% |
Avg mortgage insurance % | 12.35% | 13.75% | 11.63% | 12.98% | 11.37% | 9.50% | 8.44% | 9.52% | 9.10% |
Best Mortgage Brokers around Cheboygan, Michigan 49721
For those searching for a new home in Cheboygan, we have compiled a list of the top mortgage brokers located in and around Cheboygan, Michigan 49721 to assist you with your search.
Name
Address
Contact
Clayton Financial Service
320 Sammons St
Cheboygan MI 49721
(231) 597-8600
Beachnaw Craig
320 Sammons St
Cheboygan MI 49721
(231) 597-8600
Long Beach Mortgage Co.
115 Backus St
Cheboygan MI 49721
(231) 627-3989
Town and Country
229 N Main St
Cheboygan MI 49721
(231) 348-3468
American Home Loans
220 N Main St
Cheboygan MI 49721
(231) 627-9218
custserv@americanhm.com
Address
320 Sammons St
Cheboygan MI
Contact
(231) 597-8600
Address
320 Sammons St
Cheboygan MI
Contact
(231) 597-8600
Address
115 Backus St
Cheboygan MI
Contact
(231) 627-3989