Compare Today’s Mortgage Rates in Ocean City, New Jersey 08226
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Ocean City, New Jersey 08226.
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 $7,070 over the lifetime of your 30-year fixed loan, or a monthly savings of $20 in Ocean City and other areas of Cape May 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 Ocean City, New Jersey 08226
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Ocean City, New Jersey 08226
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Ocean City, NJ 08226. 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 Ocean City, New Jersey 08226 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Ocean City, 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 | 91.67% | 91.11% | 96.61% | 88.10% | 90.48% | 62.16% | 80.00% | 91.89% | 66.67% |
| avg mortgage rate | 6.75% | 4.53% | 3.05% | 3.37% | 4.41% | 4.54% | 3.99% | 3.88% | 4.01% |
| % 15 year fixed mortgage | 8.33% | 6.67% | 3.39% | 11.90% | 7.94% | 32.43% | 16.00% | 8.11% | 28.57% |
| avg mortgage rate | 6.75% | 3.08% | 2.22% | 3.32% | 3.65% | 3.93% | 3.25% | 3.00% | 3.27% |
| Avg credit score | 750.33 | 760.78 | 745.95 | 754.81 | 764.24 | 755.14 | 758.12 | 755.46 | 759.38 |
| Avg LTV (loan to value) | 85.00% | 80.00% | 86.86% | 84.81% | 82.56% | 81.49% | 84.40% | 81.16% | 79.71% |
| Avg DTI (debt to income) | 30.08 | 35.16 | 34.59 | 31.17 | 32.33 | 31.95 | 32.84 | 34.24 | 32.90 |
| % First time homebuyer | 16.67% | 17.78% | 25.42% | 28.57% | 25.40% | 21.62% | 12.00% | 32.43% | 42.86% |
| Avg mortgage insurance % | 14.58% | 11.40% | 18.20% | 14.74% | 13.76% | 12.08% | 10.88% | 12.95% | 12.14% |
Best Mortgage Brokers around Ocean City, New Jersey 08226
For those searching for a new home in Ocean City, we have compiled a list of the top mortgage brokers located in and around Ocean City, New Jersey 08226 to assist you with your search.
Name
Address
Contact
Quality Mortgage
801 Asbury Ave
Ocean City NJ 08226
(609) 399-6843
First Home Mortgage
1301 Asbury Ave
Ocean City NJ 08226
(609) 938-0465
Philadelphia Mortgage Advisors
16 E 9th St
Ocean City NJ 08226
(609) 398-8600
info@phillyadvisors.com
Primary Residential Mortgage
500 Bay Ave
Ocean City NJ 08226
(609) 398-1660
http://primaryresidentialmortgage.com
Philadelphia Mortgage Advisors
109 34th St
Ocean City NJ 08226
(609) 398-8600
http://phillyadvisors.com/
Address
801 Asbury Ave
Ocean City NJ
Contact
(609) 399-6843
Address
1301 Asbury Ave
Ocean City NJ
Contact
(609) 938-0465
Address
16 E 9th St
Ocean City NJ
Contact
(609) 398-8600
info@phillyadvisors.com