Compare Today’s Mortgage Rates for Detroit, Alabama

Pureloan searches mortgage lenders and major banks in Detroit, Alabama 35552 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 $1,105 or $3 / month is expected in Detroit and other areas of Lamar county.

Pureloan’s search engine explores all home mortgage options in Detroit, Alabama 35552, 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 Detroit, Alabama 35552

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Detroit, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Detroit, AL 35552, 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 Detroit, AL

Historical Mortgage Rates for Detroit, Alabama 35552 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Detroit, Alabama and around Lamar 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 Detroit, Alabama 35552

If you’re looking to buy a new home in Detroit, we have compiled a list of the leading mortgage brokers around Detroit, Alabama 35552 to help you with your search.

Name
Address
Contact

1st Franklin Financial

2302 Temple Ave N

Fayette AL 35552

(205) 932-8080

bcheek3@1ffc.com

Alabama Pawn & Cash

308 Temple Ave N

Fayette AL 35552

(205) 932-5984

pawn@fayette.net

FBH

100 Temple Ave S

Fayette AL 35552

(205) 932-8911

http://citizensbankfayette.com

Money Stork

24880 Highway 195

Double Springs AL 35552

(205) 489-2600

Capstone Finance

1815 6th Ave SE

Decatur AL 35552

(256) 308-0035

http://www.capstonedecatur.com

Address

2302 Temple Ave N

Fayette AL

Contact

(205) 932-8080

bcheek3@1ffc.com

Address

308 Temple Ave N

Fayette AL

Contact

(205) 932-5984

pawn@fayette.net

Address

100 Temple Ave S

Fayette AL

Contact

(205) 932-8911

http://citizensbankfayette.com

News on Mortgages and Reverse Mortgages for Detroit, Alabama 35552