Compare Today’s Mortgage Rates in Waterflow, New Mexico 87421
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Waterflow, New Mexico 87421.
Our search engine thoroughly explores all home mortgage options in Waterflow, New Mexico 87421, 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 $6,656 in lifetime cash or $18 per month in Waterflow and other areas of San Juan county.
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Summary of Average Mortgages in Waterflow, New Mexico 87421
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Waterflow, New Mexico 87421
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Waterflow, NM 87421. 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 Waterflow, New Mexico 87421 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Waterflow, 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 Waterflow, New Mexico 87421
For those searching for a new home in Waterflow, we have compiled a list of the top mortgage brokers located in and around Waterflow, New Mexico 87421 to assist you with your search.
Name
Address
Contact
Prime Source Mortage
2901 N Fairview Ave
Farmington NM 87421
(505) 327-5522
Security Finance Corporation
1903 E 20th St
Farmington NM 87421
(505) 326-7500
http://security-finance.com
Southwest Financial
480 E 20th St
Farmington NM 87421
(505) 326-0266
swloans@advantas.net
Tierra Del Sol Realstate Properties
22 Road 3957
Farmington NM 87421
(505) 324-2114
Loanmax Title Loans
953 E Main St
Farmington NM 87421
(505) 629-1444
https://www.loanmaxtitleloans.net/Locations/NEW-MEXICO/Farmington/953-E-Main-St
Address
2901 N Fairview Ave
Farmington NM
Contact
(505) 327-5522
Address
1903 E 20th St
Farmington NM
Contact
(505) 326-7500
http://security-finance.com
Address
480 E 20th St
Farmington NM
Contact
(505) 326-0266
swloans@advantas.net