Compare Today’s Mortgage Rates in Dearborn Heights, Michigan 48125
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Dearborn Heights, Michigan 48125.
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 Dearborn Heights, Michigan 48125. 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 Dearborn Heights and other areas of Wayne county.
42.276824
-83.260603
20464
Summary of Average Mortgages in Dearborn Heights, Michigan 48125
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Dearborn Heights, Michigan 48125
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Dearborn Heights, Michigan 48125
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Dearborn Heights, MI 48125. 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 Dearborn Heights, Michigan 48125 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Dearborn Heights, Michigan and around Wayne 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 Dearborn Heights, Michigan 48125
For those searching for a new home in Dearborn Heights, we have compiled a list of the top mortgage brokers located in and around Dearborn Heights, Michigan 48125 to assist you with your search.
Name
Address
Contact
Rich Financial Group
5453 Detroit St
Dearborn Heights MI 48125
(734) 261-1520
Us Pawn
4845 S Beech Daly St
Dearborn Heights MI 48125
(313) 908-2787
http://www.uspawnmi.com
Mortgage one
2222 N Beech Daly Rd
Dearborn Heights MI 48125
(313) 757-7081
Apex Financial
25000 Ford Rd
Dearborn Heights MI 48125
(313) 278-7283
First Securities Mortgage
21547 W Warren St
Dearborn Heights MI 48125
(313) 730-8840
Address
5453 Detroit St
Dearborn Heights MI
Contact
(734) 261-1520
Address
4845 S Beech Daly St
Dearborn Heights MI
Contact
(313) 908-2787
http://www.uspawnmi.com
Address
2222 N Beech Daly Rd
Dearborn Heights MI
Contact
(313) 757-7081