Compare Today’s Mortgage Rates for Spencer, Ohio
Pureloan searches mortgage lenders and major banks in Spencer, Ohio 44275 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 $3,873 or $11 / month is expected in Spencer and other areas of Medina county.
Pureloan’s search engine explores all home mortgage options in Spencer, Ohio 44275, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Spencer, Ohio 44275
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Spencer, OH
To forecast and predict mortgage rates in Spencer, OH 44275, 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 Spencer, Ohio 44275 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Spencer, Ohio and around Medina 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 Spencer, Ohio 44275
If you’re looking to buy a new home in Spencer, we have compiled a list of the leading mortgage brokers around Spencer, Ohio 44275 to help you with your search.
Name
Address
Contact
Money Connection The Inc.
206 Great Oaks Trl
Wadsworth OH 44275
(330) 730-5626
joe.tmc@polarishfc.com
Check 'n Go
995 High St
Wadsworth OH 44275
(330) 336-5928
http://www.checkngo.com/
Novastar Mortgages
4059 Kinross Lakes Pkwy
Richfield OH 44275
(330) 523-3300
http://novastar.com
Countrywide Funding
3250 W Market St
Fairlawn OH 44275
(330) 864-8373
Interstate Lending
68 Baker Blvd
Fairlawn OH 44275
(330) 835-4195
Address
206 Great Oaks Trl
Wadsworth OH
Contact
(330) 730-5626
joe.tmc@polarishfc.com
Address
995 High St
Wadsworth OH
Contact
(330) 336-5928
http://www.checkngo.com/
Address
4059 Kinross Lakes Pkwy
Richfield OH
Contact
(330) 523-3300
http://novastar.com