Compare Today’s Mortgage Rates for Clay, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Clay, Alabama 35048. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $5,435 or $15 / month in Clay and other areas of Jefferson county.

Our search engine explores all home mortgage options in Clay, Alabama 35048, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

No suitable program is found

Summary of Average Mortgage Terms in Clay, Alabama 35048

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 Clay, AL 35048, 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 Clay, Alabama 35048 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Clay, 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 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 Clay, Alabama 35048

If you’re looking to buy a new home in Clay, we have compiled a list of the leading mortgage brokers around Clay, Alabama 35048 to help you with your search.

Name
Address
Contact

Car Title Loans

210 Main Ave SW

Cullman AL 35048

(256) 739-8782

Consumer First Mortgage

1110 2nd Ave SW

Cullman AL 35048

(256) 734-6012

http://www.MortgagesCanBeSimple.com

TitleMax Title Loans

716 2nd Ave NW

Cullman AL 35048

(256) 734-5509

webinquiries@titlemax.com

Cullman Auto Finance

316 3rd St SW

Cullman AL 35048

(256) 734-4588

http://www.cullmanartscenter.com

TitleMax Title Loans

1402 2nd Ave SW

Cullman AL 35048

(256) 739-2525

webinquiries@titlemax.com

Address

210 Main Ave SW

Cullman AL

Contact

(256) 739-8782

Address

1110 2nd Ave SW

Cullman AL

Contact

(256) 734-6012

http://www.MortgagesCanBeSimple.com

Address

716 2nd Ave NW

Cullman AL

Contact

(256) 734-5509

webinquiries@titlemax.com

News on Mortgages and Reverse Mortgages for Clay, Alabama 35048