Compare Today’s Mortgage Rates for Elon, North Carolina
Pureloan searches mortgage lenders and major banks in Elon, North Carolina 27244 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $8,725 or $24 / month is expected in Elon and other areas of Alamance county.
Pureloan’s search engine explores all home mortgage options in Elon, North Carolina 27244, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Elon, North Carolina 27244


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Interactive Mortgage Rate Projections for Elon, NC
To forecast and predict mortgage rates in Elon, NC 27244, 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 Elon, North Carolina 27244 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Elon, North Carolina and around Alamance 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 | 91.49% | 89.74% | 91.32% | 89.25% | 92.52% | 88.79% | 92.54% | 91.48% |
avg mortgage rate | 4.92% | 4.68% | 3.90% | 3.99% | 4.44% | 4.11% | 3.91% | 4.11% |
% 15 year fixed mortgage | 5.41% | 7.95% | 5.88% | 8.54% | 5.73% | 8.29% | 5.51% | 6.69% |
avg mortgage rate | 4.35% | 3.83% | 3.16% | 3.13% | 3.38% | 3.21% | 3.08% | 3.46% |
Avg credit score | 762.44 | 761.64 | 760.09 | 757.04 | 751.73 | 752.31 | 750.78 | 749.63 |
Avg LTV (loan to value) | 75.23% | 77.09% | 79.54% | 80.82% | 81.30% | 82.18% | 82.17% | 81.98% |
Avg DTI (debt to income) | 33.15 | 32.78 | 31.82 | 32.15 | 34.11 | 33.78 | 34.28 | 34.63 |
% First time homebuyer | 31.76% | 27.65% | 29.56% | 35.60% | 34.69% | 36.71% | 37.16% | 33.27% |
Avg mortgage insurance % | 4.67% | 6.77% | 8.78% | 10.98% | 11.96% | 13.17% | 13.39% | 12.32% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Elon, North Carolina 27244
If you’re looking to buy a new home in Elon, we have compiled a list of the leading mortgage brokers around Elon, North Carolina 27244 to help you with your search.
Prime Mortgage Lending
2977 Crouse Ln
Burlington NC 27244
(336) 538-9894
kgarton@goprime.com
Mortgage Stonegate
1403 Eastchester Dr
High Point NC 27244
(336) 804-3000
Bencharge Credit Services Of North Carolina
312 Huffman Mill Rd
Burlington NC 27244
(336) 584-0120
Beneficial North Carolina
312 Huffman Mill Rd
Burlington NC 27244
(336) 584-0102
Carolina Residential Mortgage
2607 Holly Hill St
Burlington NC 27244
(336) 538-0770
http://www.carolinaresidential.com/
Address
2977 Crouse Ln
Burlington NC
Contact
(336) 538-9894
kgarton@goprime.com
Address
1403 Eastchester Dr
High Point NC
Contact
(336) 804-3000
Address
312 Huffman Mill Rd
Burlington NC
Contact
(336) 584-0120