Compare Today’s Mortgage Rates for Fair Haven, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Fair Haven, Michigan 48023. 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 $3,154 or $9 / month in Fair Haven and other areas of Saint Clair county.
Our search engine explores all home mortgage options in Fair Haven, Michigan 48023, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Fair Haven, Michigan 48023
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Expected Savings
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Interactive Mortgage Rate Projections for Fair Haven, MI
To forecast and predict mortgage rates in Fair Haven, MI 48023, 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 Fair Haven, Michigan 48023 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Fair Haven, Michigan and around Saint Clair 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 | 86.08% | 83.00% | 84.38% | 87.84% | 89.13% | 89.26% | 89.76% | 88.17% |
| avg mortgage rate | 5.07% | 4.79% | 3.97% | 4.11% | 4.54% | 4.23% | 4.02% | 4.23% |
| % 15 year fixed mortgage | 12.03% | 13.88% | 12.88% | 10.70% | 9.53% | 9.05% | 8.54% | 10.47% |
| avg mortgage rate | 4.43% | 4.06% | 3.29% | 3.31% | 3.58% | 3.37% | 3.18% | 3.40% |
| Avg credit score | 761.24 | 764.56 | 762.02 | 757.46 | 752.75 | 749.21 | 747.88 | 746.47 |
| Avg LTV (loan to value) | 76.88% | 78.57% | 81.21% | 82.38% | 83.35% | 83.55% | 83.55% | 82.93% |
| Avg DTI (debt to income) | 32.42 | 31.68 | 31.69 | 32.19 | 33.12 | 33.15 | 33.88 | 34.39 |
| % First time homebuyer | 33.89% | 30.18% | 28.28% | 35.82% | 41.22% | 40.53% | 41.02% | 39.25% |
| Avg mortgage insurance % | 4.08% | 5.63% | 9.53% | 10.97% | 13.12% | 13.43% | 13.38% | 12.57% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Fair Haven, Michigan 48023
If you’re looking to buy a new home in Fair Haven, we have compiled a list of the leading mortgage brokers around Fair Haven, Michigan 48023 to help you with your search.
Name
Address
Contact
Deed Defenders
10091 Dixie Hwy
Ira MI 48023
(586) 725-7588
Brookview Mortgage
9776 Dixie Hwy
Ira MI 48023
(586) 716-9010
Express Lawsuit Funding
30150 Telegraph Rd
Bingham Farms MI 48023
(248) 865-2500
http://www.expresslawsuitfunding.com
Schreiber Harold
26160 Hawthorne Dr
Franklin MI 48023
(248) 626-6450
Direct Capital Funding
30200 Telegraph Rd
Bingham Farms MI 48023
(248) 530-5600
Address
10091 Dixie Hwy
Ira MI
Contact
(586) 725-7588
Address
9776 Dixie Hwy
Ira MI
Contact
(586) 716-9010
Address
30150 Telegraph Rd
Bingham Farms MI
Contact
(248) 865-2500
http://www.expresslawsuitfunding.com