Compare Today’s Mortgage Rates in Cumberland, Virginia 23040
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Cumberland, Virginia 23040.
Our search engine thoroughly explores all home mortgage options in Cumberland, Virginia 23040, 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 $10,414 in lifetime cash or $29 per month in Cumberland and other areas of Cumberland county.
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Summary of Average Mortgages in Cumberland, Virginia 23040
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Cumberland, Virginia 23040
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Cumberland, VA 23040. 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, Virginia 23040 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Cumberland, Virginia and around Cumberland 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 | 94.78% | 92.46% | 93.24% | 92.02% | 88.78% | 86.02% | 87.95% | 91.07% | 85.69% |
| avg mortgage rate | 6.47% | 4.56% | 2.99% | 3.30% | 4.34% | 4.61% | 4.15% | 3.89% | 4.09% |
| % 15 year fixed mortgage | 4.48% | 6.52% | 5.47% | 5.63% | 7.85% | 12.37% | 9.18% | 8.13% | 11.49% |
| avg mortgage rate | 5.64% | 3.60% | 2.37% | 2.94% | 3.85% | 3.92% | 3.39% | 3.04% | 3.28% |
| Avg credit score | 757.59 | 756.89 | 759.87 | 758.79 | 761.06 | 757.99 | 776.47 | 756.98 | 758.05 |
| Avg LTV (loan to value) | 79.57% | 80.33% | 81.63% | 82.38% | 80.64% | 79.90% | 79.00% | 80.75% | 78.96% |
| Avg DTI (debt to income) | 36.00 | 35.39 | 33.79 | 33.53 | 33.92 | 34.44 | 34.32 | 33.56 | 33.19 |
| % First time homebuyer | 39.93% | 37.43% | 33.03% | 32.75% | 34.50% | 31.54% | 26.77% | 30.56% | 28.25% |
| Avg mortgage insurance % | 13.09% | 12.82% | 12.75% | 13.49% | 11.99% | 10.48% | 9.67% | 11.01% | 9.27% |
Best Mortgage Brokers around Cumberland, Virginia 23040
For those searching for a new home in Cumberland, we have compiled a list of the top mortgage brokers located in and around Cumberland, Virginia 23040 to assist you with your search.
Name
Address
Contact
Hunter Law, Realtor
11 Richmond Rd
Deltaville VA 23040
(804) 480-0269
hunterlaw@deltarealestate.net
Chem Treat
4551 Cox Rd
Glen Allen VA 23040
(804) 217-9020
http://chemtreat.com
Best Lending
4441 Cox Rd
Glen Allen VA 23040
(804) 934-9500
First Home Mortgage
4870 Sadler Rd
Glen Allen VA 23040
(804) 270-2891
Emigrant
10900 Nuckols Rd
Glen Allen VA 23040
(804) 549-6700
Address
11 Richmond Rd
Deltaville VA
Contact
(804) 480-0269
hunterlaw@deltarealestate.net
Address
4551 Cox Rd
Glen Allen VA
Contact
(804) 217-9020
http://chemtreat.com
Address
4441 Cox Rd
Glen Allen VA
Contact
(804) 934-9500