Compare Today’s Mortgage Rates in Portland, Michigan 48875
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Portland, Michigan 48875.
Our search engine thoroughly explores all home mortgage options in Portland, Michigan 48875, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $10,752 in lifetime cash or $30 per month in Portland and other areas of Ionia county.
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Summary of Average Mortgages in Portland, Michigan 48875
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Portland, Michigan 48875
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Portland, MI 48875. 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 Portland, Michigan 48875 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Portland, Michigan and around Ionia 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 | 96.36% | 92.37% | 91.97% | 91.19% | 89.52% | 87.79% | 86.03% | 86.00% | 84.72% |
| avg mortgage rate | 6.68% | 4.82% | 3.14% | 3.44% | 4.43% | 4.70% | 4.21% | 3.92% | 4.13% |
| % 15 year fixed mortgage | 2.91% | 6.18% | 6.76% | 7.16% | 7.88% | 9.99% | 11.48% | 12.00% | 12.67% |
| avg mortgage rate | 5.93% | 3.88% | 2.49% | 2.82% | 3.82% | 4.05% | 3.38% | 3.08% | 3.25% |
| Avg credit score | 743.43 | 755.18 | 752.77 | 755.96 | 753.43 | 755.08 | 755.06 | 749.75 | 752.97 |
| Avg LTV (loan to value) | 83.60% | 84.42% | 84.84% | 85.10% | 84.47% | 82.85% | 83.82% | 84.23% | 83.93% |
| Avg DTI (debt to income) | 36.97 | 35.68 | 33.91 | 34.36 | 34.56 | 33.95 | 33.55 | 33.11 | 32.75 |
| % First time homebuyer | 45.17% | 39.98% | 34.90% | 35.28% | 36.33% | 28.63% | 28.33% | 27.36% | 28.26% |
| Avg mortgage insurance % | 15.43% | 15.23% | 15.77% | 15.54% | 15.19% | 13.57% | 13.57% | 14.17% | 13.58% |
Best Mortgage Brokers around Portland, Michigan 48875
For those searching for a new home in Portland, we have compiled a list of the top mortgage brokers located in and around Portland, Michigan 48875 to assist you with your search.
Name
Address
Contact
Reverse Mortgages
3816 Flat River Dr
Six Lakes MI 48875
(989) 365-9192
http://reversemortgagenation.com
Home Loans
4601 W Saginaw Hwy
Lansing MI 48875
(517) 321-3349
jimmy@homeloansweb.net
Check 'n Go
5441 W Saginaw Hwy
Lansing MI 48875
(517) 327-9000
comments@checkngo.com
Access Mortgage & Financial
420 S Waverly Rd
Lansing MI 48875
(517) 327-8800
Laser Mortgage Processing
1212 N Creyts Rd
Lansing MI 48875
(517) 321-1690
Address
3816 Flat River Dr
Six Lakes MI
Contact
(989) 365-9192
http://reversemortgagenation.com
Address
4601 W Saginaw Hwy
Lansing MI
Contact
(517) 321-3349
jimmy@homeloansweb.net
Address
5441 W Saginaw Hwy
Lansing MI
Contact
(517) 327-9000
comments@checkngo.com