Compare Today’s Mortgage Rates for Fairhope, Alabama

Pureloan searches mortgage lenders and major banks in Fairhope, Alabama 36533 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 $8,094 or $22 / month is expected in Fairhope and other areas of Baldwin county.

Pureloan’s search engine explores all home mortgage options in Fairhope, Alabama 36533, 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 Fairhope, Alabama 36533

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Fairhope, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Fairhope, AL 36533, 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 Fairhope, AL

Historical Mortgage Rates for Fairhope, Alabama 36533 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Fairhope, Alabama and around Baldwin 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 Fairhope, Alabama 36533

If you’re looking to buy a new home in Fairhope, we have compiled a list of the leading mortgage brokers around Fairhope, Alabama 36533 to help you with your search.

Name
Address
Contact

America

813 Estella St

Fairhope AL 36533

(251) 990-0803

Golson Mortgage Co.

57 N Section St

Fairhope AL 36533

(251) 928-7225

Wells Fargo Home Mortgage

24208 US Highway 99

Fairhope AL 36533

(251) 990-5044

http://www.wellsfargo.com/mortgage/

Barr Group

116 Fairhope Ave

Fairhope AL 36533

(251) 517-5955

Regions Mortgage

55 N Section St

Fairhope AL 36533

(251) 990-7134

Address

813 Estella St

Fairhope AL

Contact

(251) 990-0803

Address

57 N Section St

Fairhope AL

Contact

(251) 928-7225

Address

24208 US Highway 99

Fairhope AL

Contact

(251) 990-5044

http://www.wellsfargo.com/mortgage/

News on Mortgages and Reverse Mortgages for Fairhope, Alabama 36533