Compare Today’s Mortgage Rates for Fayette, Alabama

Pureloan searches mortgage lenders and major banks in Fayette, Alabama 35555 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 $2,064 or $6 / month is expected in Fayette and other areas of Fayette county.

Pureloan’s search engine explores all home mortgage options in Fayette, Alabama 35555, 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 Fayette, Alabama 35555

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Fayette, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Fayette, AL 35555, 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 Fayette, AL

Historical Mortgage Rates for Fayette, Alabama 35555 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Fayette, Alabama and around Fayette 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 Fayette, Alabama 35555

If you’re looking to buy a new home in Fayette, we have compiled a list of the leading mortgage brokers around Fayette, Alabama 35555 to help you with your search.

Name
Address
Contact

FBH

100 Temple Ave S

Fayette AL 35555

(205) 932-8911

http://citizensbankfayette.com

Alabama Pawn & Cash

308 Temple Ave N

Fayette AL 35555

(205) 932-5984

pawn@fayette.net

1st Franklin Financial

2302 Temple Ave N

Fayette AL 35555

(205) 932-8080

bcheek3@1ffc.com

TitleMax Title Loans

2110 11th Ave

Haleyville AL 35555

(205) 486-2348

webinquiries@titlemax.com

Haleyville Loan Co.

901 19th St

Haleyville AL 35555

(205) 486-7429

Address

100 Temple Ave S

Fayette AL

Contact

(205) 932-8911

http://citizensbankfayette.com

Address

308 Temple Ave N

Fayette AL

Contact

(205) 932-5984

pawn@fayette.net

Address

2302 Temple Ave N

Fayette AL

Contact

(205) 932-8080

bcheek3@1ffc.com

News on Mortgages and Reverse Mortgages for Fayette, Alabama 35555