Compare Today’s Mortgage Rates in Avalon, New Jersey 08202
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Avalon, New Jersey 08202.
Our search engine thoroughly explores all home mortgage options in Avalon, New Jersey 08202, 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 $20,690 in lifetime cash or $57 per month in Avalon and other areas of Cape May county.
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Summary of Average Mortgages in Avalon, New Jersey 08202
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Avalon, New Jersey 08202
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Avalon, NJ 08202. 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 Avalon, New Jersey 08202 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Avalon, New Jersey and around Cape May 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 | 92.93% | 95.45% | 96.37% | 95.22% | 91.28% | 93.42% | 91.56% | 88.45% | 93.09% |
avg mortgage rate | 6.30% | 4.47% | 2.98% | 3.37% | 4.32% | 4.51% | 4.13% | 3.89% | 4.07% |
% 15 year fixed mortgage | 5.05% | 3.50% | 2.68% | 3.11% | 6.30% | 5.21% | 6.56% | 9.39% | 5.09% |
avg mortgage rate | 5.43% | 4.04% | 2.35% | 2.65% | 3.84% | 3.87% | 3.21% | 3.10% | 3.30% |
Avg credit score | 755.07 | 760.48 | 758.73 | 759.99 | 760.87 | 761.76 | 755.70 | 751.98 | 757.03 |
Avg LTV (loan to value) | 76.96% | 79.64% | 82.49% | 81.41% | 81.63% | 81.83% | 81.02% | 81.72% | 82.70% |
Avg DTI (debt to income) | 36.19 | 35.83 | 34.27 | 33.56 | 34.35 | 34.46 | 34.38 | 33.47 | 32.60 |
% First time homebuyer | 47.47% | 29.37% | 35.80% | 27.03% | 26.63% | 20.55% | 16.88% | 26.71% | 34.18% |
Avg mortgage insurance % | 12.14% | 10.87% | 12.39% | 12.79% | 11.84% | 11.85% | 11.36% | 12.54% | 13.13% |
Best Mortgage Brokers around Avalon, New Jersey 08202
For those searching for a new home in Avalon, we have compiled a list of the top mortgage brokers located in and around Avalon, New Jersey 08202 to assist you with your search.
Name
Address
Contact
Hoang Loan
542 E Dickinson Ave
Galloway NJ 08202
(609) 241-0173
First National Bank Of Absecon
38 W Jimmie Leeds Rd
Galloway NJ 08202
(609) 277-2915
shoffman@fnbabsecon.com
Northern States Funding Group
45 S New York Rd
Galloway NJ 08202
(609) 748-3600
Acre Mortgage & Financial
325 E Jimmie Leeds Rd
Galloway NJ 08202
(609) 748-3600
http://www.lincoln-mortgage.com
Infinity Home Mortgage Co.
29 S New York Rd
Galloway NJ 08202
(609) 404-7771
Address
542 E Dickinson Ave
Galloway NJ
Contact
(609) 241-0173
Address
38 W Jimmie Leeds Rd
Galloway NJ
Contact
(609) 277-2915
shoffman@fnbabsecon.com
Address
45 S New York Rd
Galloway NJ
Contact
(609) 748-3600