Compare Today’s Mortgage Rates in Banks, Alabama 36005
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Banks, Alabama 36005.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $6,406 over the lifetime of your 30-year fixed loan, or a monthly savings of $18 in Banks and other areas of Pike county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Banks, Alabama 36005
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Banks, Alabama 36005
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Banks, AL 36005. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Banks, Alabama 36005 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Banks, Alabama and around Pike county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 91.13% | 90.51% | 92.30% | 90.50% | 87.81% | 90.06% | 89.58% | 88.74% | 86.28% |
| avg mortgage rate | 6.57% | 4.72% | 3.07% | 3.34% | 4.46% | 4.65% | 4.19% | 3.95% | 4.13% |
| % 15 year fixed mortgage | 7.26% | 7.20% | 6.51% | 8.26% | 9.70% | 6.93% | 8.47% | 7.28% | 11.95% |
| avg mortgage rate | 5.72% | 3.54% | 2.44% | 2.99% | 3.83% | 4.13% | 3.31% | 3.13% | 3.27% |
| Avg credit score | 748.69 | 767.84 | 754.08 | 759.42 | 781.43 | 750.45 | 752.97 | 783.08 | 752.89 |
| Avg LTV (loan to value) | 81.91% | 83.20% | 85.56% | 85.67% | 84.75% | 84.09% | 85.02% | 85.38% | 84.22% |
| Avg DTI (debt to income) | 36.88 | 36.02 | 32.09 | 32.39 | 32.47 | 33.12 | 32.45 | 32.85 | 33.08 |
| % First time homebuyer | 32.26% | 29.13% | 28.42% | 28.10% | 26.37% | 28.61% | 25.41% | 22.52% | 25.22% |
| Avg mortgage insurance % | 15.82% | 15.27% | 16.73% | 16.63% | 15.62% | 14.98% | 14.68% | 16.59% | 14.66% |
Best Mortgage Brokers around Banks, Alabama 36005
For those searching for a new home in Banks, we have compiled a list of the top mortgage brokers located in and around Banks, Alabama 36005 to assist 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