Compare Today’s Mortgage Rates for Florence, Alabama
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Florence, Alabama 35634. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $5,185 or $14 / month in Florence and other areas of Lauderdale county.
Our search engine explores all home mortgage options in Florence, Alabama 35634, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Florence, Alabama 35634
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Florence, AL 35634, 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 Florence, Alabama 35634 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Florence, Alabama and around Lauderdale 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 Florence, Alabama 35634
If you’re looking to buy a new home in Florence, we have compiled a list of the leading mortgage brokers around Florence, Alabama 35634 to help you with your search.
Name
Address
Contact
Right Choice Mortgage
3312 Florence Blvd
Florence AL 35634
(256) 760-9089
Motor Credit
3301 Florence Blvd
Florence AL 35634
(256) 766-9444
Cash City
3507 Florence Blvd
Florence AL 35634
(256) 757-2274
A Plus Pawn
3611 Florence Blvd
Florence AL 35634
(256) 757-2664
http://a-pluspawn.com
Wells Fargo Home Mortgage
102 Hike Dr
Florence AL 35634
(256) 767-8250
http://www.wellsfargo.com/mortgage/
Address
3312 Florence Blvd
Florence AL
Contact
(256) 760-9089
Address
3301 Florence Blvd
Florence AL
Contact
(256) 766-9444
Address
3507 Florence Blvd
Florence AL
Contact
(256) 757-2274