Compare Today’s Mortgage Rates in Springfield, New Jersey 07081
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Springfield, New Jersey 07081.
Our search engine thoroughly explores all home mortgage options in Springfield, New Jersey 07081, 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 $34,621 in lifetime cash or $96 per month in Springfield and other areas of Union county.
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Summary of Average Mortgages in Springfield, New Jersey 07081
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Springfield, New Jersey 07081
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Springfield, NJ 07081. 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 Springfield, New Jersey 07081 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Springfield, 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 | 94.77% | 93.48% | 93.78% | 91.63% | 91.44% | 88.48% | 89.20% | 90.17% | 89.30% |
avg mortgage rate | 6.56% | 4.66% | 3.06% | 3.43% | 4.54% | 4.69% | 4.26% | 3.99% | 4.15% |
% 15 year fixed mortgage | 4.53% | 5.39% | 5.12% | 6.83% | 6.19% | 9.49% | 9.17% | 8.28% | 9.01% |
avg mortgage rate | 5.81% | 3.90% | 2.47% | 2.91% | 3.87% | 4.01% | 3.48% | 3.19% | 3.34% |
Avg credit score | 753.86 | 762.39 | 757.05 | 757.50 | 760.89 | 754.60 | 751.79 | 752.22 | 751.20 |
Avg LTV (loan to value) | 80.27% | 83.14% | 84.90% | 84.12% | 84.05% | 79.50% | 81.18% | 81.08% | 82.18% |
Avg DTI (debt to income) | 35.64 | 34.44 | 33.44 | 33.04 | 33.84 | 33.68 | 33.18 | 32.17 | 31.71 |
% First time homebuyer | 40.07% | 32.10% | 33.91% | 42.11% | 43.30% | 31.03% | 32.29% | 30.53% | 32.64% |
Avg mortgage insurance % | 11.47% | 13.64% | 15.66% | 14.16% | 13.01% | 9.11% | 10.41% | 12.08% | 11.74% |
Best Mortgage Brokers around Springfield, New Jersey 07081
For those searching for a new home in Springfield, we have compiled a list of the top mortgage brokers located in and around Springfield, New Jersey 07081 to assist you with your search.
Name
Address
Contact
Sbm Funding
140 Mountain Ave
Springfield NJ 07081
(973) 376-8400
Principle Mortgage
500 Morris Ave
Springfield NJ 07081
(973) 376-4900
First Interregional Equity
100 Morris Ave
Springfield NJ 07081
(212) 962-4233
Villa Nova Financing Group
140 Mountain Ave
Springfield NJ 07081
(973) 921-0220
Geneva Mortgage
100 Morris Ave
Springfield NJ 07081
(908) 851-0029
Address
140 Mountain Ave
Springfield NJ
Contact
(973) 376-8400
Address
500 Morris Ave
Springfield NJ
Contact
(973) 376-4900
Address
100 Morris Ave
Springfield NJ
Contact
(212) 962-4233