Compare Today’s Mortgage Rates for Chelsea, Alabama
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Chelsea, Alabama 35043. 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 $8,729 or $24 / month in Chelsea 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 Chelsea, Alabama 35043.
Summary of Average Mortgage Terms in Chelsea, Alabama 35043
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Chelsea, AL 35043, 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 Chelsea, Alabama 35043 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Chelsea, 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 Chelsea, Alabama 35043
If you’re looking to buy a new home in Chelsea, we have compiled a list of the leading mortgage brokers around Chelsea, Alabama 35043 to help you with your search.
Name
Address
Contact
Hamilton Mortgage
100 Chelsea Corners Way
Chelsea AL 35043
(205) 678-2276
http://hamiltonmortgage.net
Home Plus Mortgage
501 Chesser Cir
Chelsea AL 35043
(205) 678-0476
World Finance
109 Foothills Pkwy
Chelsea AL 35043
(205) 678-6886
http://www.worldacceptance.com/
Home Plus Mortgage
16233 Highway 280
Chelsea AL 35043
(205) 678-0476
OneMain Financial
1217 7th St S
Clanton AL 35043
(205) 755-1996
http://branches.onemainfinancial.com/al/clanton/1217-7th-street-south.html
Address
100 Chelsea Corners Way
Chelsea AL
Contact
(205) 678-2276
http://hamiltonmortgage.net
Address
501 Chesser Cir
Chelsea AL
Contact
(205) 678-0476
Address
109 Foothills Pkwy
Chelsea AL
Contact
(205) 678-6886
http://www.worldacceptance.com/