Compare Today’s Mortgage Rates in Paterson, New Jersey 07505
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Paterson, New Jersey 07505.
Whether you are seeking a fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, or conforming home mortgage, our search engine explores all the options in Paterson, New Jersey 07505. For a 30-year fixed loan, our calculations show that you can expect to save up to $46,698 over the lifetime of your mortgage, which translates to a monthly savings of $130 in Paterson and other areas of Passaic county.
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Summary of Average Mortgages in Paterson, New Jersey 07505
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Paterson, New Jersey 07505
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Paterson, NJ 07505. 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 Paterson, New Jersey 07505 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Paterson, New Jersey and around Passaic 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 | 92.90% | 91.62% | 91.53% | 90.33% | 89.43% | 87.24% | 86.36% | 87.80% | 83.98% |
avg mortgage rate | 6.25% | 4.49% | 2.96% | 3.31% | 4.31% | 4.61% | 4.21% | 3.93% | 4.11% |
% 15 year fixed mortgage | 6.22% | 7.08% | 7.16% | 8.08% | 8.75% | 10.74% | 11.65% | 10.73% | 14.12% |
avg mortgage rate | 5.45% | 3.54% | 2.31% | 2.87% | 3.74% | 3.93% | 3.42% | 3.16% | 3.27% |
Avg credit score | 756.81 | 762.24 | 761.32 | 762.43 | 758.33 | 755.19 | 750.55 | 747.84 | 749.98 |
Avg LTV (loan to value) | 79.78% | 80.62% | 81.52% | 81.77% | 80.72% | 79.09% | 79.75% | 80.75% | 80.62% |
Avg DTI (debt to income) | 38.31 | 36.21 | 34.33 | 34.77 | 36.36 | 36.45 | 35.80 | 34.85 | 34.13 |
% First time homebuyer | 50.36% | 47.56% | 42.94% | 41.58% | 39.75% | 35.82% | 35.62% | 35.12% | 35.59% |
Avg mortgage insurance % | 11.84% | 11.75% | 11.96% | 12.32% | 11.42% | 9.02% | 9.19% | 10.18% | 9.91% |
Best Mortgage Brokers around Paterson, New Jersey 07505
For those searching for a new home in Paterson, we have compiled a list of the top mortgage brokers located in and around Paterson, New Jersey 07505 to assist you with your search.
Name
Address
Contact
Phoenix Financial Service-Coml Mtg
20 Plymouth Rd
Paterson NJ 07505
(201) 657-5229
http://phoenixfinancial.net
United Auto Finance
133 W Broadway
Paterson NJ 07505
(973) 790-0074
Latino Envios
447 21st Ave
Paterson NJ 07505
(973) 341-4073
Albanian Associated Fund
456 River St
Paterson NJ 07505
(973) 523-9203
Zirpolo Insurance & Travel
20 Church St
Paterson NJ 07505
(973) 742-0805
zirpoloinsurance@gmail.com
Address
20 Plymouth Rd
Paterson NJ
Contact
(201) 657-5229
http://phoenixfinancial.net
Address
133 W Broadway
Paterson NJ
Contact
(973) 790-0074
Address
447 21st Ave
Paterson NJ
Contact
(973) 341-4073