Compare Today’s Mortgage Rates in Cottonton, Alabama 36851
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Cottonton, Alabama 36851.
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 $13,472 over the lifetime of your 30-year fixed loan, or a monthly savings of $37 in Cottonton and other areas of Russell county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Cottonton, Alabama 36851
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Cottonton, Alabama 36851
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Cottonton, AL 36851. 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 Cottonton, Alabama 36851 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Cottonton, Alabama and around Russell 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 Cottonton, Alabama 36851
For those searching for a new home in Cottonton, we have compiled a list of the top mortgage brokers located in and around Cottonton, Alabama 36851 to assist you with your search.
Name
Address
Contact
Check 'n Go
3214 20th Ave
Valley AL 36851
(334) 219-3722
http://www.checkngo.com/
World Acceptance
359 Fob James Dr
Valley AL 36851
(334) 756-3450
http://www.worldacceptance.com/
Covington Credit
2002 35th St
Valley AL 36851
(334) 768-2192
James's Auto Finance
3124 Horseshoe Bend Rd
Dadeville AL 36851
(256) 825-9215
Cash 2 Go
450 N Broad St
York AL 36851
(205) 392-1361
Address
3214 20th Ave
Valley AL
Contact
(334) 219-3722
http://www.checkngo.com/
Address
359 Fob James Dr
Valley AL
Contact
(334) 756-3450
http://www.worldacceptance.com/
Address
2002 35th St
Valley AL
Contact
(334) 768-2192