Compare Today’s Mortgage Rates in South Lyon, Michigan 48178
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in South Lyon, Michigan 48178.
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 South Lyon, Michigan 48178. For a 30-year fixed loan, our calculations show that you can expect to save up to $5,026 over the lifetime of your mortgage, which translates to a monthly savings of $14 in South Lyon and other areas of Oakland county.
42.456678
-83.658951
20506
Summary of Average Mortgages in South Lyon, Michigan 48178
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in South Lyon, Michigan 48178
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for South Lyon, Michigan 48178
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in South Lyon, MI 48178. 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 South Lyon, Michigan 48178 from 2024 - 2016
We have compiled mortgage rates charts for home loans in South Lyon, Michigan and around Oakland 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 | 94.94% | 92.56% | 91.62% | 90.82% | 89.68% | 86.72% | 86.48% | 85.94% | 85.49% |
avg mortgage rate | 6.56% | 4.76% | 3.08% | 3.44% | 4.47% | 4.71% | 4.27% | 3.99% | 4.20% |
% 15 year fixed mortgage | 4.13% | 6.07% | 7.10% | 7.59% | 8.64% | 11.05% | 11.39% | 11.92% | 12.54% |
avg mortgage rate | 5.78% | 3.82% | 2.43% | 2.95% | 3.81% | 4.03% | 3.50% | 3.24% | 3.35% |
Avg credit score | 746.54 | 753.21 | 752.55 | 753.42 | 750.29 | 749.33 | 750.61 | 750.86 | 750.05 |
Avg LTV (loan to value) | 84.29% | 84.59% | 84.94% | 84.88% | 83.96% | 81.23% | 82.69% | 83.43% | 83.14% |
Avg DTI (debt to income) | 37.77 | 35.98 | 34.29 | 34.89 | 35.22 | 34.91 | 34.22 | 34.04 | 33.38 |
% First time homebuyer | 57.37% | 53.38% | 49.34% | 48.67% | 46.40% | 37.66% | 37.61% | 40.40% | 40.90% |
Avg mortgage insurance % | 15.22% | 15.08% | 14.83% | 14.79% | 13.78% | 10.96% | 12.07% | 13.11% | 12.52% |
Best Mortgage Brokers around South Lyon, Michigan 48178
For those searching for a new home in South Lyon, we have compiled a list of the top mortgage brokers located in and around South Lyon, Michigan 48178 to assist you with your search.
Name
Address
Contact
Honor Mortgage
327 N Lafayette St
South Lyon MI 48178
(248) 437-7788
mike-hammerstein@yahoo.com
Concept One Mortgage
413 S Lafayette St
South Lyon MI 48178
(248) 587-1000
Resource Mortgages.com
1321 Buckboard Cir
South Lyon MI 48178
(248) 437-8909
http://resourcemortgages.com
Mortgage 360
1159 Colt Dr
South Lyon MI 48178
(248) 437-9096
Mortgage 1
415 S Lafayette St
South Lyon MI 48178
(248) 759-8407
Address
327 N Lafayette St
South Lyon MI
Contact
(248) 437-7788
mike-hammerstein@yahoo.com
Address
413 S Lafayette St
South Lyon MI
Contact
(248) 587-1000
Address
1321 Buckboard Cir
South Lyon MI
Contact
(248) 437-8909
http://resourcemortgages.com