Compare Today’s Mortgage Rates for Decatur, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Decatur, Alabama 35601. 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 $1,848 or $5 / month in Decatur and other areas of Morgan county.

Our search engine explores all home mortgage options in Decatur, Alabama 35601, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Decatur, Alabama 35601

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Decatur, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Decatur, AL 35601, 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.

Local Mortgage Rates for Decatur, AL

Historical Mortgage Rates for Decatur, Alabama 35601 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Decatur, Alabama and around Morgan 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 85.43% 79.88% 81.18% 87.12% 85.10% 88.33% 84.52% 85.62%
avg mortgage rate 4.79% 4.55% 3.83% 3.88% 4.38% 4.05% 3.93% 4.12%
% 15 year fixed mortgage 12.15% 17.16% 16.13% 11.86% 12.12% 10.76% 13.31% 11.64%
avg mortgage rate 4.20% 3.68% 3.17% 3.14% 3.42% 3.23% 3.00% 3.21%
Avg credit score 763.45 760.86 760.60 758.87 758.55 757.00 756.20 757.18
Avg LTV (loan to value) 76.83% 78.95% 82.17% 82.45% 83.17% 84.08% 84.13% 83.59%
Avg DTI (debt to income) 30.24 30.25 27.92 27.95 29.60 29.11 29.56 31.08
% First time homebuyer 26.72% 31.36% 28.49% 31.86% 23.74% 27.46% 26.01% 23.97%
Avg mortgage insurance % 4.95% 6.63% 10.92% 11.53% 12.39% 13.58% 13.96% 14.27%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Decatur, Alabama 35601

If you’re looking to buy a new home in Decatur, we have compiled a list of the leading mortgage brokers around Decatur, Alabama 35601 to help you with your search.

Name
Address
Contact

Valley Credit Services

2708 Highway 31 S

Decatur AL 35601

(256) 353-7444

vcs@vcscollectsmore.com

Tower Loan

2418 Danville Rd SW

Decatur AL 35601

(256) 260-9840

Lendfirst Finance

3305 Highway 31 S

Decatur AL 35601

(256) 355-9388

http://www.bramlettauto.com

Wells Fargo Financial

1000 Beltline Rd SW

Decatur AL 35601

(256) 355-6611

Aero Financial Services

1101 Beltline Rd SE

Decatur AL 35601

(256) 301-5521

Address

2708 Highway 31 S

Decatur AL

Contact

(256) 353-7444

vcs@vcscollectsmore.com

Address

2418 Danville Rd SW

Decatur AL

Contact

(256) 260-9840

Address

3305 Highway 31 S

Decatur AL

Contact

(256) 355-9388

http://www.bramlettauto.com

News on Mortgages and Reverse Mortgages for Decatur, Alabama 35601