Compare Today’s Mortgage Rates for Cottonwood, Alabama

Pureloan searches mortgage lenders and major banks in Cottonwood, Alabama 36320 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $4,160 or $12 / month is expected in Cottonwood and other areas of Houston county.

Pureloan’s search engine explores all home mortgage options in Cottonwood, Alabama 36320, 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 Cottonwood, Alabama 36320

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 Cottonwood, AL 36320, 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 Cottonwood, Alabama 36320 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Cottonwood, Alabama and around Houston 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 93.37% 86.67% 87.72% 88.79% 88.85% 86.10% 88.92% 87.30%
avg mortgage rate 4.89% 4.62% 3.85% 3.90% 4.48% 4.13% 3.94% 4.12%
% 15 year fixed mortgage 5.42% 12.50% 11.11% 8.88% 8.85% 12.36% 7.38% 10.32%
avg mortgage rate 4.29% 3.93% 3.26% 2.91% 3.49% 3.28% 3.10% 3.18%
Avg credit score 766.05 762.98 759.42 759.22 753.95 753.35 749.27 754.71
Avg LTV (loan to value) 75.44% 77.84% 81.92% 82.83% 83.45% 84.34% 85.08% 84.09%
Avg DTI (debt to income) 31.00 31.43 30.44 31.97 30.90 33.15 32.77 33.29
% First time homebuyer 30.72% 26.67% 22.22% 27.57% 28.46% 23.55% 21.54% 20.63%
Avg mortgage insurance % 4.03% 6.59% 10.96% 12.68% 14.28% 14.92% 16.06% 13.22%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Cottonwood, Alabama 36320

If you’re looking to buy a new home in Cottonwood, we have compiled a list of the leading mortgage brokers around Cottonwood, Alabama 36320 to help you with your search.

Name
Address
Contact

First Financial

603 Claxton Ave N

Elba AL 36320

(334) 897-3737

gkenneth@first-online.com

Seniors Reverse Mortgage

707 Simmons St

Elba AL 36320

(334) 897-1400

http://seniorsreversemortgage.com

Big Money

2180 Montgomery Hwy

Dothan AL 36320

(334) 792-2678

Alabama Ag Credit

1001 Forest Dr

Dothan AL 36320

(334) 793-9811

http://www.alabamaagcredit.com/

TitleMax Title Loans

1085 Ross Clark Cir

Dothan AL 36320

(334) 673-2220

webinquiries@titlemax.com

Address

603 Claxton Ave N

Elba AL

Contact

(334) 897-3737

gkenneth@first-online.com

Address

707 Simmons St

Elba AL

Contact

(334) 897-1400

http://seniorsreversemortgage.com

Address

2180 Montgomery Hwy

Dothan AL

Contact

(334) 792-2678

News on Mortgages and Reverse Mortgages for Cottonwood, Alabama 36320