Compare Today’s Mortgage Rates in Farmington, New Mexico 87401
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Farmington, New Mexico 87401.
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 Farmington, New Mexico 87401. For a 30-year fixed loan, our calculations show that you can expect to save up to $7,782 over the lifetime of your mortgage, which translates to a monthly savings of $22 in Farmington and other areas of San Juan county.
Summary of Average Mortgages in Farmington, New Mexico 87401
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Interactive Mortgage Rate Projections for Farmington, New Mexico 87401
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Farmington, NM 87401. 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 Farmington, New Mexico 87401 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Farmington, New Mexico and around San Juan 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 | 95.37% | 92.66% | 93.10% | 91.83% | 93.50% | 89.36% | 88.93% | 89.50% | 89.24% |
avg mortgage rate | 6.53% | 4.73% | 3.11% | 3.54% | 4.44% | 4.67% | 4.24% | 3.94% | 4.14% |
% 15 year fixed mortgage | 4.63% | 5.50% | 5.88% | 5.72% | 4.33% | 8.51% | 9.02% | 8.00% | 9.49% |
avg mortgage rate | 5.70% | 3.97% | 2.38% | 2.85% | 3.76% | 4.22% | 3.43% | 3.06% | 3.38% |
Avg credit score | 749.43 | 771.20 | 755.26 | 755.58 | 749.94 | 757.06 | 754.65 | 754.39 | 745.89 |
Avg LTV (loan to value) | 80.63% | 80.27% | 81.59% | 81.54% | 81.47% | 78.14% | 78.41% | 79.70% | 80.67% |
Avg DTI (debt to income) | 38.95 | 36.64 | 34.21 | 34.65 | 35.39 | 33.70 | 34.07 | 34.04 | 34.59 |
% First time homebuyer | 35.19% | 30.96% | 29.61% | 24.80% | 23.47% | 25.96% | 22.54% | 21.50% | 22.15% |
Avg mortgage insurance % | 12.40% | 12.86% | 13.43% | 13.00% | 13.14% | 10.76% | 10.22% | 9.31% | 11.10% |
Best Mortgage Brokers around Farmington, New Mexico 87401
For those searching for a new home in Farmington, we have compiled a list of the top mortgage brokers located in and around Farmington, New Mexico 87401 to assist you with your search.
Don Dinero Auto Loans
3030 E Main St
Farmington NM 87401
(505) 258-4556
Mortgage Solutions Financial Farmington
2901 E 20th St
Farmington NM 87401
(505) 325-5862
http://www.msfhome.com/about/locations/farmington-nm-loan/
PH Financial
3900 E Main St
Farmington NM 87401
(866) 372-7050
Matrix Title Loans
3700 E Main St
Farmington NM 87401
(505) 327-4893
danf@carlandonline.com
Check 'n Go
2833 E Main St
Farmington NM 87401
(505) 327-4699
http://www.checkngo.com/
Address
3030 E Main St
Farmington NM
Contact
(505) 258-4556
Address
2901 E 20th St
Farmington NM
Contact
(505) 325-5862
http://www.msfhome.com/about/locations/farmington-nm-loan/
Address
3900 E Main St
Farmington NM
Contact
(866) 372-7050