Compare Today’s Mortgage Rates for Providence, Rhode Island
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Providence, Rhode Island 02940. 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 $8,389 or $23 / month in Providence and other areas of Providence county.
Our search engine explores all home mortgage options in Providence, Rhode Island 02940, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Providence, Rhode Island 02940
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Providence, RI 02940, 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 Providence, Rhode Island 02940 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Providence, Rhode Island and around Providence 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 | 88.82% | 88.15% | 87.68% | 90.79% | 90.33% | 90.12% | 90.84% | 86.68% |
| avg mortgage rate | 4.97% | 4.70% | 3.93% | 4.01% | 4.48% | 4.14% | 3.96% | 4.16% |
| % 15 year fixed mortgage | 8.38% | 8.70% | 9.40% | 8.12% | 7.96% | 8.27% | 7.09% | 11.53% |
| avg mortgage rate | 4.35% | 3.95% | 3.25% | 3.15% | 3.50% | 3.35% | 3.15% | 3.34% |
| Avg credit score | 760.48 | 757.94 | 759.70 | 757.54 | 756.79 | 754.67 | 750.18 | 752.77 |
| Avg LTV (loan to value) | 75.92% | 77.72% | 80.93% | 82.17% | 82.75% | 82.55% | 83.23% | 82.38% |
| Avg DTI (debt to income) | 32.32 | 32.19 | 31.79 | 31.74 | 32.91 | 33.08 | 33.50 | 35.92 |
| % First time homebuyer | 31.71% | 28.70% | 32.05% | 42.33% | 38.22% | 35.41% | 34.78% | 31.81% |
| Avg mortgage insurance % | 4.79% | 6.77% | 9.48% | 11.81% | 12.80% | 13.28% | 13.59% | 12.72% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Providence, Rhode Island 02940
If you’re looking to buy a new home in Providence, we have compiled a list of the leading mortgage brokers around Providence, Rhode Island 02940 to help you with your search.
Name
Address
Contact
Accutrust Mortgage
536 Atwells Ave
Providence RI 02940
(401) 230-1236
tspremulli@accutrust.biz
North East Business Funding
39 Marshall St
Providence RI 02940
(401) 272-0400
Discover Mortgage
331 Broadway
Providence RI 02940
(800) 421-0100
First Home Mortgage
386 Atwells Ave
Providence RI 02940
(401) 751-0800
http://www.gofirsthome.com
South Elmwood Mortgage Corporation
1165 Elmwood Ave
Providence RI 02940
(401) 369-7960
Address
536 Atwells Ave
Providence RI
Contact
(401) 230-1236
tspremulli@accutrust.biz
Address
39 Marshall St
Providence RI
Contact
(401) 272-0400
Address
331 Broadway
Providence RI
Contact
(800) 421-0100