Compare Today’s Mortgage Rates for Fenton, Michigan
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Fenton, Michigan 48430. 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 $20,225 or $56 / month in Fenton and other areas of Genesee county.
Our search engine explores all home mortgage options in Fenton, Michigan 48430, 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 Fenton, Michigan 48430
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Expected Savings
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Interactive Mortgage Rate Projections for Fenton, MI
To forecast and predict mortgage rates in Fenton, MI 48430, 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 Fenton, Michigan 48430 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Fenton, Michigan and around Genesee 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 Fenton, Michigan 48430
If you’re looking to buy a new home in Fenton, we have compiled a list of the leading mortgage brokers around Fenton, Michigan 48430 to help you with your search.
Name
Address
Contact
Crest Mount
113 N River St
Fenton MI 48430
(810) 593-2000
Jubenville Mortgage Service
14165 N Fenton Rd
Fenton MI 48430
(810) 714-4141
Republic Mortgage
1447 N Leroy St
Fenton MI 48430
(810) 714-5523
republicmortgage@aol.com
Freedom Financial South
3201 W Thompson Rd
Fenton MI 48430
(810) 714-5333
Star Mortgage Of America
17100 Silver Pkwy
Fenton MI 48430
(810) 232-0603
starhomeloans@aol.com
Address
113 N River St
Fenton MI
Contact
(810) 593-2000
Address
14165 N Fenton Rd
Fenton MI
Contact
(810) 714-4141
Address
1447 N Leroy St
Fenton MI
Contact
(810) 714-5523
republicmortgage@aol.com