Compare Today’s Mortgage Rates for Florala, Alabama

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Florala, Alabama 36442. 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 $2,922 or $8 / month in Florala and surrounding areas of Covington 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 Florala, Alabama 36442.

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Summary of Average Mortgage Terms in Florala, Alabama 36442

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Florala, AL 36442, 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 Florala, Alabama 36442 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Florala, Alabama and around Covington 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 Florala, Alabama 36442

If you’re looking to buy a new home in Florala, we have compiled a list of the leading mortgage brokers around Florala, Alabama 36442 to help you with your search.

Name
Address
Contact

Southern Loans

23285 5th Ave

Florala AL 36442

(334) 858-5000

bbp1120@yahoo.com

Gateway Real Estate & Mortgage

23289 5th Ave

Florala AL 36442

(334) 858-3221

gatewaypoultry@gmail.com

World Finance

302 W Bypass

Andalusia AL 36442

(334) 222-2553

http://worldacceptance.com

TitleMax Title Loans

1509 Dr M L K Jr Expy

Andalusia AL 36442

(334) 427-1104

webinquiries@titlemax.com

OneMain Financial

100 Westgate Plz

Andalusia AL 36442

(334) 222-2557

http://branches.onemainfinancial.com/al/andalusia/100-westgate-plaza.html

Address

23285 5th Ave

Florala AL

Contact

(334) 858-5000

bbp1120@yahoo.com

Address

23289 5th Ave

Florala AL

Contact

(334) 858-3221

gatewaypoultry@gmail.com

Address

302 W Bypass

Andalusia AL

Contact

(334) 222-2553

http://worldacceptance.com

News on Mortgages and Reverse Mortgages for Florala, Alabama 36442