Compare Today’s Mortgage Rates in Gallup, New Mexico 87301
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Gallup, New Mexico 87301.
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 Gallup, New Mexico 87301. For a 30-year fixed loan, our calculations show that you can expect to save up to $6,656 over the lifetime of your mortgage, which translates to a monthly savings of $18 in Gallup and other areas of Mckinley county.
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Summary of Average Mortgages in Gallup, New Mexico 87301
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Gallup, New Mexico 87301
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Gallup, NM 87301. 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 Gallup, New Mexico 87301 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Gallup, New Mexico and around Mckinley 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 Gallup, New Mexico 87301
For those searching for a new home in Gallup, we have compiled a list of the top mortgage brokers located in and around Gallup, New Mexico 87301 to assist you with your search.
Name
Address
Contact
Active Investors Mortgage Co.
210 E Aztec Ave
Gallup NM 87301
(505) 722-4220
Mister Money USA
1381 US Highway 491
Gallup NM 87301
(505) 726-1901
Cash Stop
251 N US Highway 491
Gallup NM 87301
(505) 722-7867
Regional Finance
1900 E Historic Highway 66
Gallup NM 87301
(505) 863-4988
S-W Tax Loans
1100 US Highway 491
Gallup NM 87301
(505) 863-2323
Address
210 E Aztec Ave
Gallup NM
Contact
(505) 722-4220
Address
1381 US Highway 491
Gallup NM
Contact
(505) 726-1901
Address
251 N US Highway 491
Gallup NM
Contact
(505) 722-7867