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 $2,355 or $7 / 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.
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Summary of Average Mortgage Terms in Bay Minette, Alabama 36507
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
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.
Historical Mortgage Rates for Bay Minette, Alabama 36507 from 2012 - 2019
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/