Compare Today’s Mortgage Rates for Birmingham, Alabama

Pureloan searches mortgage lenders and major banks in Birmingham, Alabama 35202 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 $8,166 or $23 / month is expected in Birmingham and other areas of Jefferson county.

Pureloan’s search engine explores all home mortgage options in Birmingham, Alabama 35202, 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 Birmingham, Alabama 35202

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Birmingham, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Birmingham, AL 35202, 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 Birmingham, AL

Historical Mortgage Rates for Birmingham, Alabama 35202 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Birmingham, 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 85.43% 79.88% 81.18% 87.12% 85.10% 88.33% 84.52% 85.62%
avg mortgage rate 4.79% 4.55% 3.83% 3.88% 4.38% 4.05% 3.93% 4.12%
% 15 year fixed mortgage 12.15% 17.16% 16.13% 11.86% 12.12% 10.76% 13.31% 11.64%
avg mortgage rate 4.20% 3.68% 3.17% 3.14% 3.42% 3.23% 3.00% 3.21%
Avg credit score 763.45 760.86 760.60 758.87 758.55 757.00 756.20 757.18
Avg LTV (loan to value) 76.83% 78.95% 82.17% 82.45% 83.17% 84.08% 84.13% 83.59%
Avg DTI (debt to income) 30.24 30.25 27.92 27.95 29.60 29.11 29.56 31.08
% First time homebuyer 26.72% 31.36% 28.49% 31.86% 23.74% 27.46% 26.01% 23.97%
Avg mortgage insurance % 4.95% 6.63% 10.92% 11.53% 12.39% 13.58% 13.96% 14.27%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Birmingham, Alabama 35202

If you’re looking to buy a new home in Birmingham, we have compiled a list of the leading mortgage brokers around Birmingham, Alabama 35202 to help you with your search.

Name
Address
Contact

The Prosperous Living Group

6908 Court N

Birmingham AL 35202

(205) 923-5010

info@tplgbham.net

American Title Pawn

654 Bessemer Super Hwy

Birmingham AL 35202

(205) 425-1420

Check 'n Go

137 Bessemer Super Hwy

Birmingham AL 35202

(205) 929-6646

comments@checkngo.com

World Mortgage Financing

1531 Bessemer Rd

Birmingham AL 35202

(205) 925-2939

http://www.banking.alabama.gov

Alabama Lenders Association

1500 3rd Ave W

Birmingham AL 35202

(205) 780-5691

Address

6908 Court N

Birmingham AL

Contact

(205) 923-5010

info@tplgbham.net

Address

654 Bessemer Super Hwy

Birmingham AL

Contact

(205) 425-1420

Address

137 Bessemer Super Hwy

Birmingham AL

Contact

(205) 929-6646

comments@checkngo.com

News on Mortgages and Reverse Mortgages for Birmingham, Alabama 35202