Compare Today’s Mortgage Rates for Bessemer, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Bessemer, Alabama 35023. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $2,240 or $6 / month in Bessemer and other areas of Jefferson county.

Our search engine explores all home mortgage options in Bessemer, Alabama 35023, 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 Bessemer, Alabama 35023

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 Bessemer, AL 35023, 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 Bessemer, Alabama 35023 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Bessemer, Alabama and around Jefferson 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 Bessemer, Alabama 35023

If you’re looking to buy a new home in Bessemer, we have compiled a list of the leading mortgage brokers around Bessemer, Alabama 35023 to help you with your search.

Name
Address
Contact

Paramount Mortgage Funding

3440 Warrior River Rd

Bessemer AL 35023

(205) 491-7599

Rapid Financing

904 Allison Bonnett Memorial Dr

Bessemer AL 35023

(205) 744-0028

accounting@buygeorgeautomobiles.com

Titlemax Hueytown Al1

828 Allison Bonnett Memorial Dr

Bessemer AL 35023

(205) 545-9950

Title Max

3051 Allison Bonnett Memorial Dr

Bessemer AL 35023

(205) 497-4765

http://www.titlemax.biz/

Allied Cash Advance

833 Allison Bonnett Memorial Dr

Bessemer AL 35023

(205) 497-8796

http://www.alliedcashadvance.com

Address

3440 Warrior River Rd

Bessemer AL

Contact

(205) 491-7599

Address

904 Allison Bonnett Memorial Dr

Bessemer AL

Contact

(205) 744-0028

accounting@buygeorgeautomobiles.com

Address

828 Allison Bonnett Memorial Dr

Bessemer AL

Contact

(205) 545-9950

News on Mortgages and Reverse Mortgages for Bessemer, Alabama 35023