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

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


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.

Name
Address
Contact

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/

News on Mortgages and Reverse Mortgages for Alma, Alabama 36501