Compare Today’s Mortgage Rates in Homer, Minnesota 55942
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Homer, Minnesota 55942.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $9,251 over the lifetime of your 30-year fixed loan, or a monthly savings of $26 in Homer and other areas of Winona county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Homer, Minnesota 55942
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Homer, Minnesota 55942
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Homer, MN 55942. 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 Homer, Minnesota 55942 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Homer, Minnesota and around Winona 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 | 97.06% | 95.33% | 95.20% | 94.54% | 93.39% | 90.91% | 91.36% | 92.12% | 90.94% |
| avg mortgage rate | 6.44% | 4.65% | 2.99% | 3.30% | 4.26% | 4.58% | 4.14% | 3.86% | 4.05% |
| % 15 year fixed mortgage | 2.26% | 3.63% | 3.71% | 4.14% | 4.77% | 7.03% | 6.52% | 6.07% | 7.23% |
| avg mortgage rate | 5.66% | 3.77% | 2.38% | 2.89% | 3.75% | 3.96% | 3.33% | 3.07% | 3.23% |
| Avg credit score | 752.45 | 759.13 | 758.87 | 759.40 | 756.02 | 758.92 | 758.21 | 757.42 | 758.80 |
| Avg LTV (loan to value) | 83.89% | 83.71% | 84.34% | 84.90% | 83.84% | 80.84% | 82.50% | 83.94% | 83.85% |
| Avg DTI (debt to income) | 38.02 | 36.25 | 34.31 | 34.56 | 35.33 | 34.37 | 33.66 | 33.56 | 33.33 |
| % First time homebuyer | 52.90% | 48.15% | 45.07% | 46.28% | 42.78% | 31.55% | 34.06% | 35.67% | 35.25% |
| Avg mortgage insurance % | 15.16% | 14.54% | 14.49% | 15.09% | 13.98% | 10.94% | 12.62% | 14.34% | 14.38% |
Best Mortgage Brokers around Homer, Minnesota 55942
For those searching for a new home in Homer, we have compiled a list of the top mortgage brokers located in and around Homer, Minnesota 55942 to assist you with your search.
Name
Address
Contact
Wells Fargo Home Mortgage
2510 Superior Dr NW
Rochester MN 55942
(507) 289-3003
bethharr@charter.net
Wintrust Mortgage
140 Elton Hills Ln NW
Rochester MN 55942
(507) 289-2262
Mortgages Unlimited
12 Elton Hills Dr NW
Rochester MN 55942
(507) 281-9600
info@muihomeloans.com
OneMain Financial
4220 Highway 52 N
Rochester MN 55942
(507) 281-9906
http://branches.onemainfinancial.com/mn/rochester/4220-highway-52-north.html
PrimeLending, a PlainsCapital Company
2480 Superior Dr NW
Rochester MN 55942
(507) 289-8800
https://lo.primelending.com/rochester
Address
2510 Superior Dr NW
Rochester MN
Contact
(507) 289-3003
bethharr@charter.net
Address
140 Elton Hills Ln NW
Rochester MN
Contact
(507) 289-2262
Address
12 Elton Hills Dr NW
Rochester MN
Contact
(507) 281-9600
info@muihomeloans.com