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 $2,785 or $8 / 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.
No suitable program is found
Summary of Average Mortgage Terms in Elba, Alabama 36323
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 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.
Historical Mortgage Rates for Elba, Alabama 36323 from 2012 - 2019
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