Compare Today’s Mortgage Rates for Salem, Ohio

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Salem, Ohio 44460. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $5,364 or $15 / month in Salem and surrounding areas of Columbiana county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Salem, Ohio 44460.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Salem, Ohio 44460

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Salem, OH

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Salem, OH 44460, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Local Mortgage Rates for Salem, OH

Historical Mortgage Rates for Salem, Ohio 44460 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Salem, Ohio and around Columbiana county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed mortgage 88.10% 86.11% 84.29% 84.98% 89.01% 88.87% 88.26% 91.29%
avg mortgage rate 4.92% 4.65% 3.87% 3.98% 4.46% 4.14% 3.95% 4.13%
% 15 year fixed mortgage 9.32% 11.08% 11.55% 11.80% 8.83% 8.90% 9.53% 6.18%
avg mortgage rate 4.33% 3.90% 3.13% 3.07% 3.45% 3.26% 3.09% 3.35%
Avg credit score 764.20 761.60 761.12 757.85 754.42 752.43 748.57 751.22
Avg LTV (loan to value) 77.20% 78.49% 79.82% 81.45% 83.49% 83.86% 84.12% 83.42%
Avg DTI (debt to income) 32.79 32.24 32.15 32.33 33.37 33.33 33.62 34.22
% First time homebuyer 31.76% 28.14% 28.93% 30.41% 35.89% 36.48% 33.02% 35.11%
Avg mortgage insurance % 4.91% 6.71% 8.10% 10.41% 12.99% 14.10% 14.15% 13.27%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Salem, Ohio 44460

If you’re looking to buy a new home in Salem, we have compiled a list of the leading mortgage brokers around Salem, Ohio 44460 to help you with your search.

Name
Address
Contact

First National Bank of Orrville

2424 E State St

Salem OH 44460

(330) 337-2518

Check 'n Go

2350 E State St

Salem OH 44460

(330) 337-7496

http://www.checkngo.com/

Springleaf Financial Services

2955 E State St

Salem OH 44460

(330) 332-9753

http://www.springleaffinancial.com

The Home Mortgage Company

1490 Garfield Ave

Salem OH 44460

(330) 332-5967

Regency Finance Company

145 S Lundy Ave

Salem OH 44460

(330) 332-0356

http://onemainfinancial.com

Address

2424 E State St

Salem OH

Contact

(330) 337-2518

Address

2350 E State St

Salem OH

Contact

(330) 337-7496

http://www.checkngo.com/

Address

2955 E State St

Salem OH

Contact

(330) 332-9753

http://www.springleaffinancial.com

News on Mortgages and Reverse Mortgages for Salem, Ohio 44460