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.

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Summary of Average Mortgage Terms in Arab, Alabama 35016

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 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

News on Mortgages and Reverse Mortgages for Arab, Alabama 35016