Compare Today’s Mortgage Rates for Alma, Alabama
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Alma, Alabama 36501. 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 $5,617 or $16 / month in Alma and other areas of Mobile county.
Our search engine explores all home mortgage options in Alma, Alabama 36501, 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 Alma, Alabama 36501
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Alma, AL 36501, 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 Alma, Alabama 36501 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Alma, Alabama and around Mobile 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 | 93.37% | 86.67% | 87.72% | 88.79% | 88.85% | 86.10% | 88.92% | 87.30% |
| avg mortgage rate | 4.89% | 4.62% | 3.85% | 3.90% | 4.48% | 4.13% | 3.94% | 4.12% |
| % 15 year fixed mortgage | 5.42% | 12.50% | 11.11% | 8.88% | 8.85% | 12.36% | 7.38% | 10.32% |
| avg mortgage rate | 4.29% | 3.93% | 3.26% | 2.91% | 3.49% | 3.28% | 3.10% | 3.18% |
| Avg credit score | 766.05 | 762.98 | 759.42 | 759.22 | 753.95 | 753.35 | 749.27 | 754.71 |
| Avg LTV (loan to value) | 75.44% | 77.84% | 81.92% | 82.83% | 83.45% | 84.34% | 85.08% | 84.09% |
| Avg DTI (debt to income) | 31.00 | 31.43 | 30.44 | 31.97 | 30.90 | 33.15 | 32.77 | 33.29 |
| % First time homebuyer | 30.72% | 26.67% | 22.22% | 27.57% | 28.46% | 23.55% | 21.54% | 20.63% |
| Avg mortgage insurance % | 4.03% | 6.59% | 10.96% | 12.68% | 14.28% | 14.92% | 16.06% | 13.22% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Alma, Alabama 36501
If you’re looking to buy a new home in Alma, we have compiled a list of the leading mortgage brokers around Alma, Alabama 36501 to help you with your search.
First South Farm Credit
209 E 2nd St
Bay Minette AL 36501
(251) 580-8678
montgomery@firstsouthland.com
TitleMax Title Loans
301 S US Highway 31
Bay Minette AL 36501
(251) 937-3077
webinquiries@titlemax.com
Alabama Title Loans
1400 S US Highway 31
Bay Minette AL 36501
(251) 206-5846
http://www.alabamatitleloansinc.com/
Cash 2 Go
300 S US Highway 31
Bay Minette AL 36501
(251) 580-8434
http://www.titlecash.com/
Western Finance Service
201 Dolive St
Bay Minette AL 36501
(251) 937-0493
http://www.westernshamrock.com/
Address
209 E 2nd St
Bay Minette AL
Contact
(251) 580-8678
montgomery@firstsouthland.com
Address
301 S US Highway 31
Bay Minette AL
Contact
(251) 937-3077
webinquiries@titlemax.com
Address
1400 S US Highway 31
Bay Minette AL
Contact
(251) 206-5846
http://www.alabamatitleloansinc.com/