Compare Today’s Mortgage Rates for Eight Mile, Alabama
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Eight Mile, Alabama 36613. 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 $5,185 or $14 / month in Eight Mile and other areas of Mobile county.
Our search engine explores all home mortgage options in Eight Mile, Alabama 36613, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Eight Mile, Alabama 36613
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 Eight Mile, AL 36613, 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 Eight Mile, Alabama 36613 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Eight Mile, Alabama and around Mobile 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 Eight Mile, Alabama 36613
If you’re looking to buy a new home in Eight Mile, we have compiled a list of the leading mortgage brokers around Eight Mile, Alabama 36613 to help you with your search.
Name
Address
Contact
Money Store
4546 Saint Stephens Rd
Eight Mile AL 36613
(251) 452-1160
moneyshopinfo@dfguk.com
Credit Central
5253 Highway 90 W
Mobile AL 36613
(251) 661-5194
http://www.creditcentralinc.com/
Southern Management
5253 Highway 90 W
Mobile AL 36613
(251) 643-7250
TitleMax Title Loans
5376 Highway 90 W
Mobile AL 36613
(251) 602-1900
webinquiries@titlemax.com
Ctfinancial
5451 Halls Mill Rd
Mobile AL 36613
(251) 342-9863
Address
4546 Saint Stephens Rd
Eight Mile AL
Contact
(251) 452-1160
moneyshopinfo@dfguk.com
Address
5253 Highway 90 W
Mobile AL
Contact
(251) 661-5194
http://www.creditcentralinc.com/
Address
5253 Highway 90 W
Mobile AL
Contact
(251) 643-7250