Compare Today’s Mortgage Rates in Covington, Virginia 24426
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Covington, Virginia 24426.
Our search engine thoroughly explores all home mortgage options in Covington, Virginia 24426, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $13,951 in lifetime cash or $39 per month in Covington and other areas of Covington City county.
Summary of Average Mortgages in Covington, Virginia 24426
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Interactive Mortgage Rate Projections for Covington, Virginia 24426
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Covington, VA 24426. 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 Covington, Virginia 24426 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Covington, Virginia and around Covington City 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 | 89.16% | 92.18% | 93.41% | 85.77% | 80.92% | 86.36% | 80.35% | 92.18% | 81.48% |
avg mortgage rate | 6.55% | 4.77% | 3.07% | 3.43% | 4.48% | 4.64% | 4.16% | 3.93% | 4.12% |
% 15 year fixed mortgage | 7.23% | 5.93% | 4.87% | 11.38% | 14.89% | 9.09% | 16.76% | 6.70% | 14.81% |
avg mortgage rate | 5.56% | 3.81% | 2.54% | 2.91% | 3.87% | 3.94% | 3.48% | 3.33% | 3.35% |
Avg credit score | 754.80 | 752.25 | 754.58 | 753.44 | 755.21 | 752.71 | 763.49 | 749.94 | 758.39 |
Avg LTV (loan to value) | 77.99% | 80.90% | 83.94% | 83.32% | 80.13% | 81.52% | 78.40% | 81.54% | 78.90% |
Avg DTI (debt to income) | 34.93 | 34.28 | 33.74 | 34.55 | 33.11 | 33.13 | 31.73 | 33.06 | 31.04 |
% First time homebuyer | 39.76% | 36.12% | 31.52% | 35.77% | 31.30% | 24.55% | 26.59% | 41.90% | 33.95% |
Avg mortgage insurance % | 12.58% | 12.01% | 15.07% | 14.04% | 11.94% | 11.95% | 7.99% | 10.66% | 9.76% |
Best Mortgage Brokers around Covington, Virginia 24426
For those searching for a new home in Covington, we have compiled a list of the top mortgage brokers located in and around Covington, Virginia 24426 to assist you with your search.
Covington Cash
279 W Main St
Covington VA 24426
(540) 962-9898
covington@covington.va.us
Alcova Mortgage
501 E Dolly Ann Dr
Covington VA 24426
(540) 962-7152
http://www.alcovahighlands.com
Springleaf Financial Services
1260 S Craig Ave
Covington VA 24426
(540) 962-2244
compliancehelpline@slfs.com
Prosperity Home Mortgage
16 Gosnell Xing
Staunton VA 24426
(540) 885-5787
Emergicash
909 Richmond Ave
Staunton VA 24426
(540) 885-2661
Address
279 W Main St
Covington VA
Contact
(540) 962-9898
covington@covington.va.us
Address
501 E Dolly Ann Dr
Covington VA
Contact
(540) 962-7152
http://www.alcovahighlands.com
Address
1260 S Craig Ave
Covington VA
Contact
(540) 962-2244
compliancehelpline@slfs.com