Compare Today’s Mortgage Rates in Elizabeth, New Jersey 07206
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Elizabeth, New Jersey 07206.
Our search engine thoroughly explores all home mortgage options in Elizabeth, New Jersey 07206, 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 $27,417 in lifetime cash or $76 per month in Elizabeth and other areas of Union county.
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Summary of Average Mortgages in Elizabeth, New Jersey 07206
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Elizabeth, New Jersey 07206
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Elizabeth, NJ 07206. 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 Elizabeth, New Jersey 07206 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Elizabeth, 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 | 95.33% | 92.86% | 92.09% | 91.79% | 90.21% | 87.69% | 88.62% | 89.42% | 87.63% |
| avg mortgage rate | 6.42% | 4.61% | 3.05% | 3.35% | 4.40% | 4.61% | 4.18% | 3.91% | 4.04% |
| % 15 year fixed mortgage | 3.43% | 4.84% | 4.92% | 6.60% | 6.77% | 10.09% | 8.71% | 7.90% | 9.32% |
| avg mortgage rate | 5.74% | 3.93% | 2.43% | 2.80% | 3.78% | 3.98% | 3.43% | 3.10% | 3.19% |
| Avg credit score | 749.29 | 750.52 | 759.20 | 755.87 | 761.69 | 753.11 | 755.52 | 752.00 | 770.89 |
| Avg LTV (loan to value) | 82.30% | 82.66% | 84.33% | 85.14% | 84.64% | 82.55% | 83.36% | 84.27% | 83.50% |
| Avg DTI (debt to income) | 35.98 | 34.68 | 33.22 | 32.97 | 33.38 | 32.82 | 31.76 | 31.98 | 31.19 |
| % First time homebuyer | 36.45% | 33.17% | 28.33% | 28.17% | 32.71% | 24.63% | 20.65% | 23.06% | 25.93% |
| Avg mortgage insurance % | 14.73% | 14.10% | 14.89% | 15.86% | 14.76% | 14.01% | 13.61% | 14.90% | 14.58% |
Best Mortgage Brokers around Elizabeth, New Jersey 07206
For those searching for a new home in Elizabeth, we have compiled a list of the top mortgage brokers located in and around Elizabeth, New Jersey 07206 to assist you with your search.
Name
Address
Contact
Gateway Funding
614 Newark Ave
Elizabeth NJ 07206
(908) 662-2930
Speedy Check Cashing
309 Morris Ave
Elizabeth NJ 07206
(908) 629-1700
http://www.speedycheckcashing.com
Sunshine Mngmt and Consl
1241 Clinton Pl
Elizabeth NJ 07206
(908) 469-0725
Elizabeth Development Co.
288 N Broad St
Elizabeth NJ 07206
(908) 289-0262
elizdevco@edcnj.org
Protection Mortgage
570 N Broad St
Elizabeth NJ 07206
(908) 469-7517
Address
614 Newark Ave
Elizabeth NJ
Contact
(908) 662-2930
Address
309 Morris Ave
Elizabeth NJ
Contact
(908) 629-1700
http://www.speedycheckcashing.com
Address
1241 Clinton Pl
Elizabeth NJ
Contact
(908) 469-0725