Compare Today’s Mortgage Rates for Elmira, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Elmira, Michigan 49730. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $12,921 or $36 / month in Elmira and other areas of Otsego county.
Our search engine explores all home mortgage options in Elmira, Michigan 49730, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Elmira, Michigan 49730
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Interactive Mortgage Rate Projections for Elmira, MI
To forecast and predict mortgage rates in Elmira, MI 49730, 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 Elmira, Michigan 49730 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Elmira, Michigan and around Otsego 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 | 81.91% | 77.75% | 76.36% | 78.51% | 83.42% | 82.95% | 83.89% | 84.30% |
| avg mortgage rate | 4.88% | 4.67% | 3.91% | 4.00% | 4.43% | 4.09% | 3.89% | 4.11% |
| % 15 year fixed mortgage | 13.07% | 17.16% | 17.73% | 17.56% | 13.48% | 13.35% | 12.68% | 12.45% |
| avg mortgage rate | 4.29% | 3.86% | 3.13% | 3.22% | 3.49% | 3.23% | 3.07% | 3.32% |
| Avg credit score | 765.70 | 760.39 | 762.48 | 758.51 | 754.58 | 754.10 | 746.51 | 749.94 |
| Avg LTV (loan to value) | 77.27% | 78.81% | 80.10% | 81.43% | 82.46% | 82.09% | 83.18% | 83.26% |
| Avg DTI (debt to income) | 30.51 | 30.30 | 30.37 | 30.49 | 31.59 | 31.94 | 32.58 | 32.59 |
| % First time homebuyer | 24.15% | 20.78% | 19.90% | 26.25% | 25.23% | 23.80% | 24.77% | 27.08% |
| Avg mortgage insurance % | 4.47% | 6.92% | 7.78% | 9.47% | 12.01% | 11.43% | 12.51% | 12.29% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Elmira, Michigan 49730
If you’re looking to buy a new home in Elmira, we have compiled a list of the leading mortgage brokers around Elmira, Michigan 49730 to help you with your search.
OneMain Financial
742 Edelweiss Village Pkwy
Gaylord MI 49730
(989) 732-2637
http://branches.onemainfinancial.com/mi/gaylord/742-edelweiss-village-pkwy.html
Amerifirst Home Mortgage
138 N Otsego Ave
Gaylord MI 49730
(989) 732-3526
blog@amerifirst.com
Check 'n Go
702 Edelweiss Pkwy
Gaylord MI 49730
(989) 705-7777
comments@checkngo.com
Check 'n Go
1419 W Main St
Gaylord MI 49730
(989) 705-7777
http://www.checkngo.com/
1st Financial Reverse Mortgage
400 W Main St
Gaylord MI 49730
(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