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
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Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
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