Compare Today’s Mortgage Rates in Scotts, Michigan 49088
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Scotts, Michigan 49088.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Scotts, Michigan 49088. For a 30-year fixed loan, our calculations show that you can expect to save up to $4,845 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Scotts and other areas of Kalamazoo county.
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Summary of Average Mortgages in Scotts, Michigan 49088
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Scotts, Michigan 49088
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Scotts, MI 49088. 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 Scotts, Michigan 49088 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Scotts, Michigan and around Kalamazoo 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 | 93.40% | 92.48% | 91.13% | 90.41% | 89.65% | 86.86% | 86.35% | 83.37% | 82.01% |
avg mortgage rate | 6.60% | 4.75% | 3.12% | 3.43% | 4.46% | 4.67% | 4.17% | 3.89% | 4.08% |
% 15 year fixed mortgage | 5.88% | 5.79% | 6.96% | 7.13% | 7.83% | 10.10% | 11.02% | 12.98% | 14.37% |
avg mortgage rate | 6.08% | 3.76% | 2.42% | 2.96% | 3.76% | 4.01% | 3.34% | 3.06% | 3.24% |
Avg credit score | 763.63 | 747.23 | 754.02 | 753.85 | 752.04 | 754.54 | 751.54 | 746.78 | 753.52 |
Avg LTV (loan to value) | 84.76% | 84.89% | 84.93% | 85.02% | 84.16% | 82.72% | 83.09% | 83.49% | 82.35% |
Avg DTI (debt to income) | 36.51 | 35.25 | 33.30 | 33.28 | 33.73 | 33.36 | 32.98 | 32.61 | 31.94 |
% First time homebuyer | 45.28% | 40.64% | 36.82% | 34.18% | 35.62% | 26.60% | 25.89% | 25.09% | 24.96% |
Avg mortgage insurance % | 15.61% | 15.43% | 15.22% | 15.06% | 14.42% | 12.32% | 12.81% | 12.83% | 11.66% |
Best Mortgage Brokers around Scotts, Michigan 49088
For those searching for a new home in Scotts, we have compiled a list of the top mortgage brokers located in and around Scotts, Michigan 49088 to assist you with your search.
Name
Address
Contact
Check 'n Go
126 S Centerville Rd
Sturgis MI 49088
(269) 659-1600
comments@checkngo.com
Oak Mortgage
113 E Chicago Rd
Sturgis MI 49088
(269) 651-9345
http://sturgisbank.com
Jd Finance
137 N Main St
Three Rivers MI 49088
(269) 273-9100
Check 'n Go
729 S US Highway 131
Three Rivers MI 49088
(269) 273-2877
comments@checkngo.com
Apollo Home Mortgage
117 Spring St
Three Rivers MI 49088
(269) 278-1808
http://www.apollohomeloans.com
Address
126 S Centerville Rd
Sturgis MI
Contact
(269) 659-1600
comments@checkngo.com
Address
113 E Chicago Rd
Sturgis MI
Contact
(269) 651-9345
http://sturgisbank.com
Address
137 N Main St
Three Rivers MI
Contact
(269) 273-9100