Compare Today’s Mortgage Rates for Arab, Alabama
Pureloan searches mortgage lenders and major banks in Arab, Alabama 35016 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $5,744 or $16 / month is expected in Arab and other areas of Marshall county.
Pureloan’s search engine explores all home mortgage options in Arab, Alabama 35016, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
No suitable program is found
Summary of Average Mortgage Terms in Arab, Alabama 35016
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Arab, AL 35016, 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 Arab, Alabama 35016 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Arab, Alabama and around Marshall 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 | 89.44% | 85.94% | 83.88% | 87.56% | 87.25% | 89.46% | 87.61% | 91.70% |
| avg mortgage rate | 4.93% | 4.61% | 3.92% | 4.00% | 4.49% | 4.16% | 3.96% | 4.19% |
| % 15 year fixed mortgage | 9.63% | 11.65% | 12.17% | 10.37% | 10.74% | 7.98% | 10.26% | 7.92% |
| avg mortgage rate | 4.34% | 4.03% | 3.15% | 3.08% | 3.47% | 3.27% | 3.16% | 3.34% |
| Avg credit score | 763.17 | 761.86 | 755.86 | 756.13 | 753.85 | 750.26 | 749.83 | 750.17 |
| Avg LTV (loan to value) | 78.03% | 77.76% | 80.38% | 82.19% | 84.12% | 84.16% | 83.51% | 83.32% |
| Avg DTI (debt to income) | 30.69 | 30.81 | 30.22 | 31.14 | 31.17 | 31.78 | 31.26 | 32.00 |
| % First time homebuyer | 24.22% | 26.10% | 26.64% | 30.88% | 25.67% | 20.80% | 22.65% | 17.36% |
| Avg mortgage insurance % | 6.31% | 6.49% | 9.29% | 11.71% | 14.94% | 15.03% | 14.34% | 14.02% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Arab, Alabama 35016
If you’re looking to buy a new home in Arab, we have compiled a list of the leading mortgage brokers around Arab, Alabama 35016 to help you with your search.
Name
Address
Contact
The Cash Store
37 Golfview Dr NE
Arab AL 35016
(256) 931-5202
Credit Central
942 N Brindlee Mountain Pkwy
Arab AL 35016
(256) 931-2166
Consumer First Mortgage
261 S Main St
Arab AL 35016
(256) 586-5626
Money Time Home Mortgage
242 S Main St
Arab AL 35016
(256) 586-7653
Consumer First Mortgage
317 2nd St NW
Arab AL 35016
(256) 586-5626
consmtg@aol.com
Address
37 Golfview Dr NE
Arab AL
Contact
(256) 931-5202
Address
942 N Brindlee Mountain Pkwy
Arab AL
Contact
(256) 931-2166
Address
261 S Main St
Arab AL
Contact
(256) 586-5626