Compare Today’s Mortgage Rates in Socorro, New Mexico 87801
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Socorro, New Mexico 87801.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $5,422 over the lifetime of your 30-year fixed loan, or a monthly savings of $15 in Socorro and other areas of Socorro county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
34.047853
-106.890659
36926
Summary of Average Mortgages in Socorro, New Mexico 87801
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
Become a certified mortgage expert on Pureloan.com
in Socorro, New Mexico 87801
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Mortgage Rate Projections for Socorro, New Mexico 87801
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Socorro, NM 87801. 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 Socorro, New Mexico 87801 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Socorro, New Mexico and around Socorro 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 Socorro, New Mexico 87801
For those searching for a new home in Socorro, we have compiled a list of the top mortgage brokers located in and around Socorro, New Mexico 87801 to assist you with your search.
Name
Address
Contact
Your Credit
115 Faulkner St
Socorro NM 87801
(575) 835-3700
World Finance
202 S California St
Socorro NM 87801
(575) 835-1559
http://worldacceptance.com
Check 'n Go
705 N California St
Socorro NM 87801
(575) 835-0616
comments@checkngo.com
Courtesy Loans
110 N California St
Socorro NM 87801
(575) 838-5000
Address
115 Faulkner St
Socorro NM
Contact
(575) 835-3700
Address
202 S California St
Socorro NM
Contact
(575) 835-1559
http://worldacceptance.com
Address
705 N California St
Socorro NM
Contact
(575) 835-0616
comments@checkngo.com