Compare Today’s Mortgage Rates for Belen, New Mexico

Pureloan searches mortgage lenders and major banks in Belen, New Mexico 87002 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $6,590 or $18 / month is expected in Belen and other areas of Valencia county.

Pureloan’s search engine explores all home mortgage options in Belen, New Mexico 87002, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Belen, New Mexico 87002

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Belen, NM

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Belen, NM 87002, 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.

Local Mortgage Rates for Belen, NM

Historical Mortgage Rates for Belen, New Mexico 87002 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Belen, New Mexico and around Valencia 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 93.58% 88.97% 88.46% 89.14% 90.92% 90.89% 93.76% 94.84%
avg mortgage rate 5.00% 4.68% 3.92% 3.95% 4.49% 4.16% 3.97% 4.17%
% 15 year fixed mortgage 5.03% 8.12% 8.19% 9.01% 7.73% 7.41% 4.99% 4.53%
avg mortgage rate 4.40% 3.89% 3.33% 3.15% 3.53% 3.40% 3.15% 3.34%
Avg credit score 758.62 758.08 759.68 755.93 753.89 752.77 750.59 750.91
Avg LTV (loan to value) 71.70% 72.10% 72.72% 75.26% 75.88% 76.43% 77.23% 77.00%
Avg DTI (debt to income) 36.31 34.97 34.74 35.00 35.54 35.96 36.67 36.84
% First time homebuyer 32.01% 30.17% 25.59% 34.83% 35.65% 36.59% 37.43% 35.16%
Avg mortgage insurance % 1.95% 2.48% 3.88% 5.62% 6.53% 6.72% 7.52% 7.01%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Belen, New Mexico 87002

If you’re looking to buy a new home in Belen, we have compiled a list of the leading mortgage brokers around Belen, New Mexico 87002 to help you with your search.

Name
Address
Contact

First Community Bank

620 W Reinken Ave

Belen NM 87002

(505) 966-0400

A & A Title Loans

325 S Main St

Belen NM 87002

(505) 861-1990

Your Credit

623 W Reinken Ave

Belen NM 87002

(505) 864-0010

Courtesy Loans

503 S Main St

Belen NM 87002

(505) 861-2800

Wells Fargo Home Mortgage

101 S Main St

Belen NM 87002

(505) 864-2729

http://www.wellsfargo.com/mortgage/

Address

620 W Reinken Ave

Belen NM

Contact

(505) 966-0400

Address

325 S Main St

Belen NM

Contact

(505) 861-1990

Address

623 W Reinken Ave

Belen NM

Contact

(505) 864-0010

News on Mortgages and Reverse Mortgages for Belen, New Mexico 87002