Compare Today’s Mortgage Rates in Chelsea, Michigan 48118
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Chelsea, Michigan 48118.
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 Chelsea, Michigan 48118. For a 30-year fixed loan, our calculations show that you can expect to save up to $14,919 over the lifetime of your mortgage, which translates to a monthly savings of $41 in Chelsea and other areas of Washtenaw county.
42.320692
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Summary of Average Mortgages in Chelsea, Michigan 48118
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Chelsea, Michigan 48118
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Chelsea, MI 48118. 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 Chelsea, Michigan 48118 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Chelsea, Michigan and around Washtenaw 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 | 94.94% | 92.56% | 91.62% | 90.82% | 89.68% | 86.72% | 86.48% | 85.94% | 85.49% |
avg mortgage rate | 6.56% | 4.76% | 3.08% | 3.44% | 4.47% | 4.71% | 4.27% | 3.99% | 4.20% |
% 15 year fixed mortgage | 4.13% | 6.07% | 7.10% | 7.59% | 8.64% | 11.05% | 11.39% | 11.92% | 12.54% |
avg mortgage rate | 5.78% | 3.82% | 2.43% | 2.95% | 3.81% | 4.03% | 3.50% | 3.24% | 3.35% |
Avg credit score | 746.54 | 753.21 | 752.55 | 753.42 | 750.29 | 749.33 | 750.61 | 750.86 | 750.05 |
Avg LTV (loan to value) | 84.29% | 84.59% | 84.94% | 84.88% | 83.96% | 81.23% | 82.69% | 83.43% | 83.14% |
Avg DTI (debt to income) | 37.77 | 35.98 | 34.29 | 34.89 | 35.22 | 34.91 | 34.22 | 34.04 | 33.38 |
% First time homebuyer | 57.37% | 53.38% | 49.34% | 48.67% | 46.40% | 37.66% | 37.61% | 40.40% | 40.90% |
Avg mortgage insurance % | 15.22% | 15.08% | 14.83% | 14.79% | 13.78% | 10.96% | 12.07% | 13.11% | 12.52% |
Best Mortgage Brokers around Chelsea, Michigan 48118
For those searching for a new home in Chelsea, we have compiled a list of the top mortgage brokers located in and around Chelsea, Michigan 48118 to assist you with your search.
Name
Address
Contact
First Equity Residential Mortgage
310 N Main St
Chelsea MI 48118
(734) 475-0270
info@ferminet.com
Check 'n Go
1153 S Main St
Chelsea MI 48118
(734) 433-2662
comments@checkngo.com
Northpointe Bank
134 W Middle St
Chelsea MI 48118
(616) 726-5592
http://northpointe.com
Omni Mortgage Services
12824 W Warren Ave
Dearborn MI 48118
(800) 556-6664
Malak Processing
5940 Calhoun St
Dearborn MI 48118
(313) 581-4422
Address
310 N Main St
Chelsea MI
Contact
(734) 475-0270
info@ferminet.com
Address
1153 S Main St
Chelsea MI
Contact
(734) 433-2662
comments@checkngo.com
Address
134 W Middle St
Chelsea MI
Contact
(616) 726-5592
http://northpointe.com