Compare Today’s Mortgage Rates for Elkmont, Alabama
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Elkmont, Alabama 35620. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $2,355 or $7 / month in Elkmont and surrounding areas of Limestone county.
Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Elkmont, Alabama 35620.
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Summary of Average Mortgage Terms in Elkmont, Alabama 35620
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 Elkmont, AL 35620, 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 Elkmont, Alabama 35620 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Elkmont, Alabama and around Limestone 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 Elkmont, Alabama 35620
If you’re looking to buy a new home in Elkmont, we have compiled a list of the leading mortgage brokers around Elkmont, Alabama 35620 to help you with your search.
Name
Address
Contact
Capstone Finance
1815 6th Ave SE
Decatur AL 35620
(256) 308-0035
http://www.capstonedecatur.com
Centerstate Bank
301 S Court St
Florence AL 35620
(256) 718-4200
First Southern Financial
1733 6th Ave SE
Decatur AL 35620
(256) 350-2727
staci.dunn@firstsouthernbank.net
Springleaf Financial Services
1602 Beltline Rd SW
Decatur AL 35620
(256) 353-1660
compliancehelpline@slfs.com
Weaver Realty & Auction Co.
905 6th Ave SE
Decatur AL 35620
(256) 355-3410
traimonty@charter.net
Address
1815 6th Ave SE
Decatur AL
Contact
(256) 308-0035
http://www.capstonedecatur.com
Address
301 S Court St
Florence AL
Contact
(256) 718-4200
Address
1733 6th Ave SE
Decatur AL
Contact
(256) 350-2727
staci.dunn@firstsouthernbank.net