Compare Today’s Mortgage Rates for Sheffield Lake, Ohio
Pureloan searches mortgage lenders and major banks in Sheffield Lake, Ohio 44054 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $5,581 or $16 / month is expected in Sheffield Lake and other areas of Lorain county.
Pureloan’s search engine explores all home mortgage options in Sheffield Lake, Ohio 44054, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Sheffield Lake, Ohio 44054
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Sheffield Lake, OH
To forecast and predict mortgage rates in Sheffield Lake, OH 44054, 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.
Historical Mortgage Rates for Sheffield Lake, Ohio 44054 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Sheffield Lake, Ohio and around Lorain county to help you understand trends for your home purchase process. This data is produced from actual closed loans.
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| % 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 Sheffield Lake, Ohio 44054
If you’re looking to buy a new home in Sheffield Lake, we have compiled a list of the leading mortgage brokers around Sheffield Lake, Ohio 44054 to help you with your search.
Name
Address
Contact
Onemain Financial
501 E Aurora Rd
Macedonia OH 44054
(330) 468-3331
http://www.onemainfinancial.com
Coastal Credit
8536 Crow Dr
Macedonia OH 44054
(330) 908-0422
contact@coastalcreditllc.com
Check 'n Go
509 E Aurora Rd
Macedonia OH 44054
(330) 467-8780
http://www.checkngo.com/
Stewart Financial
9735 Valley View Rd
Macedonia OH 44054
(330) 468-0977
Woods Mortgage Group
8536 Crow Dr
Macedonia OH 44054
(330) 908-0012
Address
501 E Aurora Rd
Macedonia OH
Contact
(330) 468-3331
http://www.onemainfinancial.com
Address
8536 Crow Dr
Macedonia OH
Contact
(330) 908-0422
contact@coastalcreditllc.com
Address
509 E Aurora Rd
Macedonia OH
Contact
(330) 467-8780
http://www.checkngo.com/