Compare Today’s Mortgage Rates in Cumberland, Rhode Island 02864
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Cumberland, Rhode Island 02864.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $20,437 over the lifetime of your 30-year fixed loan, or a monthly savings of $57 in Cumberland and other areas of Providence county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Cumberland, Rhode Island 02864
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Cumberland, Rhode Island 02864
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Cumberland, RI 02864. 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 Cumberland, Rhode Island 02864 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Cumberland, Rhode Island and around Providence 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 | 95.31% | 93.09% | 91.51% | 90.10% | 88.48% | 84.56% | 85.74% | 85.14% | 83.91% |
avg mortgage rate | 6.55% | 4.60% | 3.07% | 3.38% | 4.41% | 4.61% | 4.14% | 3.90% | 4.09% |
% 15 year fixed mortgage | 3.23% | 5.58% | 6.87% | 8.39% | 7.94% | 11.14% | 11.25% | 12.05% | 13.12% |
avg mortgage rate | 5.99% | 3.79% | 2.44% | 2.98% | 3.76% | 3.98% | 3.37% | 3.11% | 3.34% |
Avg credit score | 752.76 | 756.19 | 760.51 | 757.58 | 755.33 | 756.37 | 755.57 | 763.76 | 758.88 |
Avg LTV (loan to value) | 80.01% | 80.14% | 81.02% | 81.59% | 80.77% | 79.66% | 81.28% | 81.72% | 81.22% |
Avg DTI (debt to income) | 36.21 | 35.55 | 32.99 | 33.06 | 33.30 | 33.04 | 32.21 | 32.13 | 32.46 |
% First time homebuyer | 35.48% | 28.28% | 24.34% | 25.10% | 24.57% | 23.26% | 19.94% | 20.38% | 23.02% |
Avg mortgage insurance % | 12.34% | 11.72% | 12.02% | 11.74% | 11.09% | 9.99% | 10.24% | 10.93% | 10.36% |
Best Mortgage Brokers around Cumberland, Rhode Island 02864
For those searching for a new home in Cumberland, we have compiled a list of the top mortgage brokers located in and around Cumberland, Rhode Island 02864 to assist you with your search.
Name
Address
Contact
Mortgage Group
3353 Mendon Rd
Cumberland RI 02864
(401) 405-3890
Jb Funding
10 Nate Whipple Hwy
Cumberland RI 02864
(401) 724-3762
Prospect Mortgage
2081 Diamond Hill Rd
Cumberland RI 02864
(401) 338-0704
Ne Moves Mortgage
1725 Mendon Rd
Cumberland RI 02864
(401) 334-9187
Anmc
3353 Mendon Rd
Cumberland RI 02864
(401) 405-3890
Address
3353 Mendon Rd
Cumberland RI
Contact
(401) 405-3890
Address
10 Nate Whipple Hwy
Cumberland RI
Contact
(401) 724-3762
Address
2081 Diamond Hill Rd
Cumberland RI
Contact
(401) 338-0704