Compare Today’s Mortgage Rates in Cherokee, Alabama 35616
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Cherokee, Alabama 35616.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $7,536 over the lifetime of your 30-year fixed loan, or a monthly savings of $21 in Cherokee and other areas of Colbert county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
Summary of Average Mortgages in Cherokee, Alabama 35616
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Interactive Mortgage Rate Projections for Cherokee, Alabama 35616
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Cherokee, AL 35616. 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 Cherokee, Alabama 35616 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Cherokee, Alabama and around Colbert 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 | 94.79% | 91.97% | 92.51% | 90.11% | 89.02% | 87.23% | 87.65% | 88.92% | 82.79% |
avg mortgage rate | 6.41% | 4.56% | 3.01% | 3.31% | 4.37% | 4.63% | 4.15% | 3.91% | 4.04% |
% 15 year fixed mortgage | 4.51% | 6.41% | 5.64% | 8.17% | 8.30% | 9.49% | 10.02% | 9.02% | 12.79% |
avg mortgage rate | 5.66% | 3.67% | 2.42% | 2.92% | 3.70% | 3.96% | 3.31% | 3.13% | 3.16% |
Avg credit score | 750.26 | 757.36 | 750.12 | 751.25 | 764.61 | 751.02 | 772.09 | 748.70 | 753.27 |
Avg LTV (loan to value) | 81.62% | 81.00% | 83.52% | 83.78% | 82.98% | 82.23% | 84.28% | 82.94% | 82.40% |
Avg DTI (debt to income) | 36.77 | 33.97 | 32.52 | 31.53 | 31.52 | 31.71 | 31.32 | 31.71 | 30.43 |
% First time homebuyer | 36.11% | 33.03% | 21.90% | 22.91% | 24.90% | 22.99% | 21.91% | 28.87% | 25.81% |
Avg mortgage insurance % | 12.85% | 12.98% | 14.12% | 14.33% | 14.16% | 13.12% | 14.24% | 12.40% | 12.00% |
Best Mortgage Brokers around Cherokee, Alabama 35616
For those searching for a new home in Cherokee, we have compiled a list of the top mortgage brokers located in and around Cherokee, Alabama 35616 to assist you with your search.
Capstone Finance
1815 6th Ave SE
Decatur AL 35616
(256) 308-0035
http://www.capstonedecatur.com
Centerstate Bank
301 S Court St
Florence AL 35616
(256) 718-4200
First Southern Financial
1733 6th Ave SE
Decatur AL 35616
(256) 350-2727
staci.dunn@firstsouthernbank.net
Springleaf Financial Services
1602 Beltline Rd SW
Decatur AL 35616
(256) 353-1660
compliancehelpline@slfs.com
Weaver Realty & Auction Co.
905 6th Ave SE
Decatur AL 35616
(256) 355-3410
traimonty@charter.net
Address
1815 6th Ave SE
Decatur AL
Contact
(256) 308-0035
http://www.capstonedecatur.com
Address
301 S Court St
Florence AL
Contact
(256) 718-4200
Address
1733 6th Ave SE
Decatur AL
Contact
(256) 350-2727
staci.dunn@firstsouthernbank.net