Compare Today’s Mortgage Rates in Elyria, Ohio 44035
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Elyria, Ohio 44035.
Our search engine thoroughly explores all home mortgage options in Elyria, Ohio 44035, 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 $13,701 in lifetime cash or $38 per month in Elyria and other areas of Lorain county.
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Summary of Average Mortgages in Elyria, Ohio 44035
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Elyria, Ohio 44035
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Elyria, OH 44035. 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 Elyria, Ohio 44035 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Elyria, Ohio and around Lorain 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 | 95.47% | 93.27% | 92.74% | 92.29% | 90.99% | 88.99% | 90.62% | 88.32% | 88.22% |
avg mortgage rate | 6.55% | 4.67% | 3.08% | 3.43% | 4.42% | 4.61% | 4.17% | 3.96% | 4.14% |
% 15 year fixed mortgage | 3.90% | 5.26% | 5.80% | 5.84% | 7.38% | 8.68% | 6.32% | 9.61% | 9.52% |
avg mortgage rate | 5.81% | 3.67% | 2.44% | 2.86% | 3.76% | 3.97% | 3.45% | 3.10% | 3.25% |
Avg credit score | 754.38 | 754.71 | 750.71 | 754.59 | 751.59 | 751.75 | 751.31 | 753.40 | 752.04 |
Avg LTV (loan to value) | 83.05% | 83.54% | 83.98% | 84.68% | 84.06% | 82.63% | 83.70% | 84.40% | 84.02% |
Avg DTI (debt to income) | 36.65 | 35.28 | 34.41 | 34.58 | 34.87 | 34.65 | 33.85 | 33.85 | 33.13 |
% First time homebuyer | 50.79% | 43.28% | 40.11% | 41.59% | 41.12% | 32.94% | 36.67% | 33.93% | 38.87% |
Avg mortgage insurance % | 14.98% | 14.13% | 14.52% | 15.18% | 13.90% | 12.96% | 13.99% | 14.53% | 14.27% |
Best Mortgage Brokers around Elyria, Ohio 44035
For those searching for a new home in Elyria, we have compiled a list of the top mortgage brokers located in and around Elyria, Ohio 44035 to assist you with your search.
Name
Address
Contact
Freedom Mortgage
10247 Dewhurst Rd
Elyria OH 44035
(440) 366-1107
treisz@freedommortgage.com
National Planning Corporation
246 Broad St
Elyria OH 44035
(440) 323-6789
http://natplan.com
Premier Mortgage
155 Yorkshire Ct
Elyria OH 44035
(440) 365-0091
Stoney Ridge Mortgage Co.
413 East Ave
Elyria OH 44035
(440) 323-0555
http://www.stoney-ridge.com
Eagle Loan Company of Ohio
633 Chestnut Commons Dr
Elyria OH 44035
(440) 281-9791
Address
10247 Dewhurst Rd
Elyria OH
Contact
(440) 366-1107
treisz@freedommortgage.com
Address
246 Broad St
Elyria OH
Contact
(440) 323-6789
http://natplan.com
Address
155 Yorkshire Ct
Elyria OH
Contact
(440) 365-0091