Compare Today’s Mortgage Rates in Black, Alabama 36314
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Black, Alabama 36314.
Our search engine thoroughly explores all home mortgage options in Black, Alabama 36314, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $6,104 in lifetime cash or $17 per month in Black and other areas of Geneva county.
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Summary of Average Mortgages in Black, Alabama 36314
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Black, Alabama 36314
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Black, AL 36314. 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 Black, Alabama 36314 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Black, Alabama and around Geneva 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 Black, Alabama 36314
For those searching for a new home in Black, we have compiled a list of the top mortgage brokers located in and around Black, Alabama 36314 to assist you with your search.
Name
Address
Contact
World Finance 1552
105 E Court Sq
Abbeville AL 36314
(334) 585-9576
World Finance
103 N Doswell St
Abbeville AL 36314
(334) 585-9576
http://www.worldacceptance.com/
Small Loans
514 Kirkland St
Abbeville AL 36314
(334) 585-6476
Miracle Finance
103 E Court Sq
Abbeville AL 36314
(334) 585-9576
Big Money
2180 Montgomery Hwy
Dothan AL 36314
(334) 792-2678
Address
105 E Court Sq
Abbeville AL
Contact
(334) 585-9576
Address
103 N Doswell St
Abbeville AL
Contact
(334) 585-9576
http://www.worldacceptance.com/
Address
514 Kirkland St
Abbeville AL
Contact
(334) 585-6476