Compare Today’s Mortgage Rates for Elba, Alabama

Pureloan searches mortgage lenders and major banks in Elba, Alabama 36323 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 $2,548 or $7 / month is expected in Elba and other areas of Coffee county.

Pureloan’s search engine explores all home mortgage options in Elba, Alabama 36323, 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 Elba, Alabama 36323

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Elba, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Elba, AL 36323, 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 Elba, AL

Historical Mortgage Rates for Elba, Alabama 36323 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Elba, Alabama and around Coffee 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 Elba, Alabama 36323

If you’re looking to buy a new home in Elba, we have compiled a list of the leading mortgage brokers around Elba, Alabama 36323 to help you with your search.

Name
Address
Contact

Seniors Reverse Mortgage

707 Simmons St

Elba AL 36323

(334) 897-1400

http://seniorsreversemortgage.com

First Financial

603 Claxton Ave N

Elba AL 36323

(334) 897-3737

gkenneth@first-online.com

Big Money

2180 Montgomery Hwy

Dothan AL 36323

(334) 792-2678

Alabama Ag Credit

1001 Forest Dr

Dothan AL 36323

(334) 793-9811

http://www.alabamaagcredit.com/

TitleMax Title Loans

1085 Ross Clark Cir

Dothan AL 36323

(334) 673-2220

webinquiries@titlemax.com

Address

707 Simmons St

Elba AL

Contact

(334) 897-1400

http://seniorsreversemortgage.com

Address

603 Claxton Ave N

Elba AL

Contact

(334) 897-3737

gkenneth@first-online.com

Address

2180 Montgomery Hwy

Dothan AL

Contact

(334) 792-2678

News on Mortgages and Reverse Mortgages for Elba, Alabama 36323