Compare Today’s Mortgage Rates for Burnwell, Alabama

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Burnwell, Alabama 35038. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $4,953 or $14 / month in Burnwell and surrounding areas of Shelby county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Burnwell, Alabama 35038.

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Summary of Average Mortgage Terms in Burnwell, Alabama 35038

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 Burnwell, AL 35038, 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 Burnwell, Alabama 35038 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Burnwell, Alabama and around Shelby 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 Burnwell, Alabama 35038

If you’re looking to buy a new home in Burnwell, we have compiled a list of the leading mortgage brokers around Burnwell, Alabama 35038 to help you with your search.

Name
Address
Contact

Home Plus Mortgage

16233 Highway 280

Chelsea AL 35038

(205) 678-0476

OneMain Financial

1217 7th St S

Clanton AL 35038

(205) 755-1996

http://branches.onemainfinancial.com/al/clanton/1217-7th-street-south.html

TitleMax Title Loans

208 7th St S

Clanton AL 35038

(205) 755-3250

webinquiries@titlemax.com

1st Franklin Financial

11 Village Sq

Clanton AL 35038

(205) 755-8010

bcheek3@1ffc.com

Acceptance Loan Company

610 Jackson Ave

Clanton AL 35038

(205) 280-5586

tclark@acceptanceloan.com

Address

16233 Highway 280

Chelsea AL

Contact

(205) 678-0476

Address

1217 7th St S

Clanton AL

Contact

(205) 755-1996

http://branches.onemainfinancial.com/al/clanton/1217-7th-street-south.html

Address

208 7th St S

Clanton AL

Contact

(205) 755-3250

webinquiries@titlemax.com

News on Mortgages and Reverse Mortgages for Burnwell, Alabama 35038