Compare Today’s Mortgage Rates for Farwell, Michigan
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Farwell, Michigan 48622. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $11,746 or $33 / month in Farwell and surrounding areas of Clare county.
Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Farwell, Michigan 48622.
Summary of Average Mortgage Terms in Farwell, Michigan 48622
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Interactive Mortgage Rate Projections for Farwell, MI
To forecast and predict mortgage rates in Farwell, MI 48622, 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 Farwell, Michigan 48622 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Farwell, Michigan and around Clare 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 Farwell, Michigan 48622
If you’re looking to buy a new home in Farwell, we have compiled a list of the leading mortgage brokers around Farwell, Michigan 48622 to help you with your search.
Members First Credit Union
1291 W Cedar Ave
Gladwin MI 48622
(855) 835-6328
http://www.cmcfcu.com
Check 'n Go
2131 W Houghton Lake Dr
Houghton Lake MI 48622
(989) 366-7594
comments@checkngo.com
Wells Fargo Home Mortgage
11008 W Shore Dr
Houghton Lake MI 48622
(989) 422-4893
robert.maund@abbotdowning.com
Wells Fargo Home Mortgage
3225 W Houghton Lake Dr
Houghton Lake MI 48622
(989) 366-0264
http://www.wellsfargo.com/mortgage/
Flagstar Bank Loan Center
2645 W Houghton Lake Dr
Houghton Lake MI 48622
(989) 366-8530
http://www.flagstar.com
Address
1291 W Cedar Ave
Gladwin MI
Contact
(855) 835-6328
http://www.cmcfcu.com
Address
2131 W Houghton Lake Dr
Houghton Lake MI
Contact
(989) 366-7594
comments@checkngo.com
Address
11008 W Shore Dr
Houghton Lake MI
Contact
(989) 422-4893
robert.maund@abbotdowning.com