Compare Today’s Mortgage Rates for Detroit, Oregon
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Detroit, Oregon 97342. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $13,015 or $36 / month in Detroit and other areas of Marion county.
Our search engine explores all home mortgage options in Detroit, Oregon 97342, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Detroit, Oregon 97342
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Detroit, OR
To forecast and predict mortgage rates in Detroit, OR 97342, 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 Detroit, Oregon 97342 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Detroit, Oregon and around Marion 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 | 93.56% | 89.86% | 91.51% | 92.44% | 93.73% | 94.37% | 96.02% | 95.86% |
| avg mortgage rate | 4.89% | 4.63% | 3.90% | 4.02% | 4.47% | 4.13% | 3.94% | 4.11% |
| % 15 year fixed mortgage | 5.32% | 8.28% | 6.30% | 6.17% | 5.31% | 4.87% | 3.70% | 3.13% |
| avg mortgage rate | 4.31% | 3.89% | 3.28% | 3.13% | 3.52% | 3.32% | 3.19% | 3.42% |
| Avg credit score | 767.94 | 770.73 | 766.26 | 762.42 | 759.13 | 757.24 | 754.32 | 756.08 |
| Avg LTV (loan to value) | 73.50% | 75.90% | 78.33% | 79.56% | 80.08% | 80.55% | 79.87% | 79.07% |
| Avg DTI (debt to income) | 34.44 | 34.40 | 33.24 | 33.84 | 34.73 | 35.20 | 35.58 | 36.21 |
| % First time homebuyer | 28.45% | 28.36% | 26.28% | 24.92% | 31.23% | 33.67% | 34.58% | 32.29% |
| Avg mortgage insurance % | 3.19% | 5.02% | 8.29% | 9.65% | 10.62% | 11.44% | 10.42% | 9.46% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Detroit, Oregon 97342
If you’re looking to buy a new home in Detroit, we have compiled a list of the leading mortgage brokers around Detroit, Oregon 97342 to help you with your search.
Name
Address
Contact
Landmark Mortgage
698 12th St SE
Salem OR 97342
(971) 273-0387
Pacfirst Mortgage
440 1st Ave E
Albany OR 97342
(541) 791-4112
Springleaf Financial Services
486 Lancaster Dr NE
Salem OR 97342
(503) 362-3657
compliancehelpline@slfs.com
Rock River Financial
388 State St
Salem OR 97342
(503) 316-8000
ms@rockriverinc.com
Wells Fargo Financial
633 Lancaster Dr NE
Salem OR 97342
(503) 363-9161
reportphish@wellsfargo.com
Address
698 12th St SE
Salem OR
Contact
(971) 273-0387
Address
440 1st Ave E
Albany OR
Contact
(541) 791-4112
Address
486 Lancaster Dr NE
Salem OR
Contact
(503) 362-3657
compliancehelpline@slfs.com