Compare Today’s Mortgage Rates in Lorain, Ohio 44053
Pureloan is a mortgage search engine dedicated to thoroughly searching major lenders and finding you the best mortgage rates in Lorain, Ohio 44053.
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 Lorain, Ohio 44053. For a 30-year fixed loan, our calculations show that you can expect to save up to $3,833 over the lifetime of your mortgage, which translates to a monthly savings of $11 in Lorain and other areas of Lorain county.
Summary of Average Mortgages in Lorain, Ohio 44053
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Interactive Mortgage Rate Projections for Lorain, Ohio 44053
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Lorain, OH 44053. 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 Lorain, Ohio 44053 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Lorain, 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 Lorain, Ohio 44053
For those searching for a new home in Lorain, we have compiled a list of the top mortgage brokers located in and around Lorain, Ohio 44053 to assist you with your search.
Ace Cash Express
1646 E 32nd St
Lorain OH 44053
(440) 366-0075
http://www.acecashexpress.com/
Cash Stop
2193 N Ridge Rd E
Lorain OH 44053
(440) 240-1110
sharptonerrecycling@sharpusa.com
Springleaf Financial Service
503 Washington Ave
Lorain OH 44053
(440) 244-2410
Ace Cash Express
3040 Oberlin Ave
Lorain OH 44053
(440) 989-2274
customerservice@acecashexpress.com
Consumers Mortgage Corporation
6155 Park Square Dr
Lorain OH 44053
(440) 985-1136
Address
1646 E 32nd St
Lorain OH
Contact
(440) 366-0075
http://www.acecashexpress.com/
Address
2193 N Ridge Rd E
Lorain OH
Contact
(440) 240-1110
sharptonerrecycling@sharpusa.com
Address
503 Washington Ave
Lorain OH
Contact
(440) 244-2410