Compare Today’s Mortgage Rates for Banks, Alabama
Pureloan searches mortgage lenders and major banks in Banks, Alabama 36005 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 $2,922 or $8 / month is expected in Banks and other areas of Pike county.
Pureloan’s search engine explores all home mortgage options in Banks, Alabama 36005, 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 Banks, Alabama 36005
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 Banks, AL 36005, 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 Banks, Alabama 36005 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Banks, Alabama and around Pike 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 Banks, Alabama 36005
If you’re looking to buy a new home in Banks, we have compiled a list of the leading mortgage brokers around Banks, Alabama 36005 to help you with your search.
Name
Address
Contact
Title Cash
1334 S Brundidge St
Troy AL 36005
(334) 808-9033
contactus@titlecash.com
1st Franklin Financial
1113 Highway 231 S
Troy AL 36005
(334) 566-9866
bcheek3@1ffc.com
TitleMax Title Loans
1211 Highway 231 S
Troy AL 36005
(334) 566-8644
webinquiries@titlemax.com
Local Finance
112 N 3 Notch St
Troy AL 36005
(334) 808-9494
http://www.localfinance.com/
Alabama Title Loans
1104 Highway 231 S
Troy AL 36005
(334) 635-9971
http://www.alabamatitleloansinc.com/
Address
1334 S Brundidge St
Troy AL
Contact
(334) 808-9033
contactus@titlecash.com
Address
1113 Highway 231 S
Troy AL
Contact
(334) 566-9866
bcheek3@1ffc.com
Address
1211 Highway 231 S
Troy AL
Contact
(334) 566-8644
webinquiries@titlemax.com