Compare Today’s Mortgage Rates in Cranford, New Jersey 07016
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Cranford, New Jersey 07016.
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 $21,965 over the lifetime of your 30-year fixed loan, or a monthly savings of $61 in Cranford and other areas of Union 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 Cranford, New Jersey 07016
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Cranford, New Jersey 07016
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Cranford, NJ 07016. 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 Cranford, New Jersey 07016 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Cranford, New Jersey and around Union 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 | 94.44% | 91.69% | 92.96% | 89.97% | 86.84% | 87.70% | 88.73% | 89.19% | 86.96% |
avg mortgage rate | 6.63% | 4.54% | 3.05% | 3.60% | 4.58% | 4.71% | 4.26% | 3.95% | 4.20% |
% 15 year fixed mortgage | 4.17% | 7.14% | 4.94% | 7.12% | 8.50% | 10.36% | 9.30% | 7.81% | 9.13% |
avg mortgage rate | 6.08% | 3.68% | 2.39% | 3.02% | 3.93% | 4.15% | 3.59% | 3.06% | 3.40% |
Avg credit score | 753.93 | 749.23 | 776.93 | 752.41 | 746.16 | 777.49 | 747.07 | 743.98 | 741.93 |
Avg LTV (loan to value) | 81.54% | 83.44% | 84.50% | 85.40% | 84.79% | 82.61% | 82.11% | 82.39% | 84.40% |
Avg DTI (debt to income) | 35.41 | 34.77 | 32.92 | 32.76 | 33.89 | 34.25 | 32.45 | 32.53 | 32.19 |
% First time homebuyer | 23.61% | 35.38% | 30.84% | 36.68% | 39.47% | 32.36% | 29.30% | 28.23% | 31.30% |
Avg mortgage insurance % | 13.33% | 14.95% | 15.56% | 16.65% | 15.97% | 13.43% | 12.61% | 13.33% | 14.64% |
Best Mortgage Brokers around Cranford, New Jersey 07016
For those searching for a new home in Cranford, we have compiled a list of the top mortgage brokers located in and around Cranford, New Jersey 07016 to assist you with your search.
Name
Address
Contact
Court Officers
6 Commerce Dr
Cranford NJ 07016
(908) 272-7600
Eastern Mortgage Service
1150 Raritan Rd
Cranford NJ 07016
(908) 497-9700
Summit Leasing
750 Walnut Ave
Cranford NJ 07016
(908) 709-5333
http://www.summit-mortgage.com
Global Home Loan Financial
502 Centennial Ave
Cranford NJ 07016
(908) 956-0009
Private Sale Mortgage
65 Jackson Dr
Cranford NJ 07016
(908) 497-3500
Address
6 Commerce Dr
Cranford NJ
Contact
(908) 272-7600
Address
1150 Raritan Rd
Cranford NJ
Contact
(908) 497-9700
Address
750 Walnut Ave
Cranford NJ
Contact
(908) 709-5333
http://www.summit-mortgage.com