Compare Today’s Mortgage Rates for Bay Minette, Alabama

Pureloan searches mortgage lenders and major banks in Bay Minette, Alabama 36507 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 $7,861 or $22 / month is expected in Bay Minette and other areas of Baldwin county.

Pureloan’s search engine explores all home mortgage options in Bay Minette, Alabama 36507, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Bay Minette, Alabama 36507

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Bay Minette, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Bay Minette, AL 36507, 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.

Local Mortgage Rates for Bay Minette, AL

Historical Mortgage Rates for Bay Minette, Alabama 36507 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Bay Minette, Alabama and around Baldwin 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 Bay Minette, Alabama 36507

If you’re looking to buy a new home in Bay Minette, we have compiled a list of the leading mortgage brokers around Bay Minette, Alabama 36507 to help you with your search.

Name
Address
Contact

Money Tree

201B Dolive St

Bay Minette AL 36507

(251) 580-0568

Community Loans

1400 S US Highway 31

Bay Minette AL 36507

(251) 937-6009

http://communityloans.com

World Acceptance

32 Hand Ave

Bay Minette AL 36507

(251) 580-5039

http://www.worldacceptance.com/

Regions Mortgage

408 Courthouse Sq

Bay Minette AL 36507

(251) 580-0132

Acceptance Loan Co.

701 Dolive St

Bay Minette AL 36507

(251) 937-8518

tclark@acceptanceloan.com

Address

201B Dolive St

Bay Minette AL

Contact

(251) 580-0568

Address

1400 S US Highway 31

Bay Minette AL

Contact

(251) 937-6009

http://communityloans.com

Address

32 Hand Ave

Bay Minette AL

Contact

(251) 580-5039

http://www.worldacceptance.com/

News on Mortgages and Reverse Mortgages for Bay Minette, Alabama 36507