Compare Today’s Mortgage Rates for Paterson, New Jersey
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Paterson, New Jersey 07544. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $11,029 or $31 / month in Paterson and other areas of Passaic county.
Our search engine explores all home mortgage options in Paterson, New Jersey 07544, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Paterson, New Jersey 07544
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Paterson, NJ 07544, 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 Paterson, New Jersey 07544 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Paterson, New Jersey and around Passaic county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 83.89% | 80.98% | 80.13% | 79.93% | 84.39% | 83.41% | 87.90% | 86.50% |
| avg mortgage rate | 4.92% | 4.67% | 3.90% | 4.00% | 4.47% | 4.12% | 3.93% | 4.19% |
| % 15 year fixed mortgage | 14.21% | 16.67% | 17.87% | 18.56% | 14.03% | 14.65% | 10.62% | 11.88% |
| avg mortgage rate | 4.34% | 3.93% | 3.26% | 3.16% | 3.50% | 3.28% | 3.16% | 3.38% |
| Avg credit score | 758.56 | 758.55 | 758.35 | 754.90 | 750.90 | 748.17 | 747.68 | 750.32 |
| Avg LTV (loan to value) | 77.44% | 79.10% | 80.73% | 80.79% | 81.34% | 80.69% | 80.76% | 80.18% |
| Avg DTI (debt to income) | 33.19 | 33.23 | 32.18 | 32.92 | 33.85 | 34.25 | 34.92 | 35.92 |
| % First time homebuyer | 37.24% | 32.93% | 31.13% | 30.46% | 34.43% | 35.91% | 35.29% | 36.98% |
| Avg mortgage insurance % | 4.86% | 6.63% | 9.75% | 9.93% | 10.35% | 10.08% | 10.20% | 9.59% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Paterson, New Jersey 07544
If you’re looking to buy a new home in Paterson, we have compiled a list of the leading mortgage brokers around Paterson, New Jersey 07544 to help you with your search.
Name
Address
Contact
Phoenix Financial Service-Coml Mtg
20 Plymouth Rd
Paterson NJ 07544
(201) 657-5229
http://phoenixfinancial.net
United Auto Finance
133 W Broadway
Paterson NJ 07544
(973) 790-0074
Latino Envios
447 21st Ave
Paterson NJ 07544
(973) 341-4073
Albanian Associated Fund
456 River St
Paterson NJ 07544
(973) 523-9203
Zirpolo Insurance & Travel
20 Church St
Paterson NJ 07544
(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