Compare Today’s Mortgage Rates in Drummond Island, Michigan 49726
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Drummond Island, Michigan 49726.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $14,028 over the lifetime of your 30-year fixed loan, or a monthly savings of $39 in Drummond Island and other areas of Chippewa county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
Summary of Average Mortgages in Drummond Island, Michigan 49726
Become a certified mortgage expert on Pureloan.com
in Drummond Island, Michigan 49726
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Drummond Island, Michigan 49726
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Drummond Island, MI 49726. 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 Drummond Island, Michigan 49726 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Drummond Island, Michigan and around Chippewa 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 Drummond Island, Michigan 49726
For those searching for a new home in Drummond Island, we have compiled a list of the top mortgage brokers located in and around Drummond Island, Michigan 49726 to assist you with your search.
OneMain Financial
742 Edelweiss Village Pkwy
Gaylord MI 49726
(989) 732-2637
http://branches.onemainfinancial.com/mi/gaylord/742-edelweiss-village-pkwy.html
Amerifirst Home Mortgage
138 N Otsego Ave
Gaylord MI 49726
(989) 732-3526
blog@amerifirst.com
Check 'n Go
702 Edelweiss Pkwy
Gaylord MI 49726
(989) 705-7777
comments@checkngo.com
Check 'n Go
1419 W Main St
Gaylord MI 49726
(989) 705-7777
http://www.checkngo.com/
1st Financial Reverse Mortgage
400 W Main St
Gaylord MI 49726
(989) 732-1800
Address
742 Edelweiss Village Pkwy
Gaylord MI
Contact
(989) 732-2637
http://branches.onemainfinancial.com/mi/gaylord/742-edelweiss-village-pkwy.html
Address
138 N Otsego Ave
Gaylord MI
Contact
(989) 732-3526
blog@amerifirst.com
Address
702 Edelweiss Pkwy
Gaylord MI
Contact
(989) 705-7777
comments@checkngo.com