Compare Today’s Mortgage Rates for Chester, New Jersey
Pureloan searches mortgage lenders and major banks in Chester, New Jersey 07930 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 $3,965 or $11 / month is expected in Chester and other areas of Somerset county.
Pureloan’s search engine explores all home mortgage options in Chester, New Jersey 07930, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Chester, New Jersey 07930
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Chester, NJ
To forecast and predict mortgage rates in Chester, NJ 07930, 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 Chester, New Jersey 07930 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Chester, New Jersey and around Somerset 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 | 88.58% | 86.42% | 84.88% | 86.27% | 84.84% | 85.62% | 88.96% | 84.84% |
| avg mortgage rate | 4.96% | 4.64% | 3.87% | 3.92% | 4.39% | 4.05% | 3.87% | 4.11% |
| % 15 year fixed mortgage | 8.13% | 10.78% | 11.63% | 12.35% | 13.48% | 12.31% | 9.45% | 13.36% |
| avg mortgage rate | 4.37% | 3.92% | 3.11% | 3.13% | 3.44% | 3.20% | 3.04% | 3.47% |
| Avg credit score | 762.57 | 763.52 | 760.72 | 757.73 | 755.14 | 754.14 | 750.72 | 750.37 |
| Avg LTV (loan to value) | 73.15% | 72.70% | 76.28% | 77.01% | 77.43% | 78.73% | 78.98% | 78.45% |
| Avg DTI (debt to income) | 33.50 | 32.90 | 32.55 | 33.29 | 33.96 | 33.15 | 34.03 | 35.71 |
| % First time homebuyer | 42.21% | 36.64% | 36.98% | 38.12% | 43.80% | 42.05% | 41.60% | 39.35% |
| Avg mortgage insurance % | 3.59% | 3.83% | 6.09% | 7.34% | 7.91% | 8.65% | 9.40% | 8.93% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Chester, New Jersey 07930
If you’re looking to buy a new home in Chester, we have compiled a list of the leading mortgage brokers around Chester, New Jersey 07930 to help you with your search.
Name
Address
Contact
Black River Mortgage Co.
415 State Route 24
Chester NJ 07930
(908) 879-6800
Millennium Home Mortgage
4 Swayze Ln
Chester NJ 07930
(908) 879-6800
Millennium Home Mortgage
31 Fairmount Ave
Chester NJ 07930
(908) 879-6800
Gateway Funding
423 Main St
Chester NJ 07930
(908) 879-0279
http://www.gateway-funding.com/mortgage/index.aspx
Huntington Mortgage Group
32 Collis Ln
Chester NJ 07930
(908) 879-8880
https://www.huntington.com/
Address
415 State Route 24
Chester NJ
Contact
(908) 879-6800
Address
4 Swayze Ln
Chester NJ
Contact
(908) 879-6800
Address
31 Fairmount Ave
Chester NJ
Contact
(908) 879-6800