Compare Today’s Mortgage Rates in Salem, Virginia 24153
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Salem, Virginia 24153.
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 $15,726 over the lifetime of your 30-year fixed loan, or a monthly savings of $44 in Salem and other areas of Salem 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 Salem, Virginia 24153
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Salem, Virginia 24153
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Salem, VA 24153. 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 Salem, Virginia 24153 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Salem, Virginia and around Salem 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 | 94.02% | 90.93% | 91.91% | 88.41% | 86.78% | 86.10% | 84.95% | 85.33% | 85.43% |
avg mortgage rate | 6.61% | 4.71% | 3.04% | 3.42% | 4.44% | 4.67% | 4.20% | 3.89% | 4.09% |
% 15 year fixed mortgage | 5.58% | 8.10% | 6.44% | 8.90% | 9.80% | 10.89% | 12.07% | 10.46% | 11.32% |
avg mortgage rate | 5.70% | 3.87% | 2.46% | 2.94% | 3.83% | 4.06% | 3.42% | 3.13% | 3.32% |
Avg credit score | 753.25 | 772.66 | 757.84 | 757.71 | 759.66 | 758.29 | 759.20 | 776.20 | 761.22 |
Avg LTV (loan to value) | 79.82% | 81.94% | 83.73% | 83.77% | 82.00% | 80.05% | 81.42% | 81.93% | 81.63% |
Avg DTI (debt to income) | 36.26 | 34.04 | 32.97 | 32.22 | 32.06 | 32.76 | 33.27 | 32.00 | 32.11 |
% First time homebuyer | 42.63% | 38.83% | 38.57% | 36.75% | 35.66% | 26.93% | 31.19% | 34.23% | 36.59% |
Avg mortgage insurance % | 13.34% | 13.41% | 14.03% | 13.90% | 11.88% | 10.47% | 10.99% | 11.89% | 11.99% |
Best Mortgage Brokers around Salem, Virginia 24153
For those searching for a new home in Salem, we have compiled a list of the top mortgage brokers located in and around Salem, Virginia 24153 to assist you with your search.
Name
Address
Contact
Development Lending
110 E Main St
Salem VA 24153
(540) 378-1568
Salem Financial
110 E 1st St
Salem VA 24153
(540) 387-1380
sonniewalsh@hotmail.com
Valley Tree Mortgage
9 Wildwood Rd
Salem VA 24153
(540) 444-0577
info@valleytreemortgage.com
MoneyMax Title Loans
1122 W Main St
Salem VA 24153
(540) 375-3619
webinquiries@titlemax.biz
Southern Trust Mortgage Corporation
2820 Keagy Rd
Salem VA 24153
(540) 774-5925
info@southerntrust.org.nz
Address
110 E Main St
Salem VA
Contact
(540) 378-1568
Address
110 E 1st St
Salem VA
Contact
(540) 387-1380
sonniewalsh@hotmail.com
Address
9 Wildwood Rd
Salem VA
Contact
(540) 444-0577
info@valleytreemortgage.com