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 $5,302 or $15 / 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.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Florence, Alabama 35634

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 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

News on Mortgages and Reverse Mortgages for Florence, Alabama 35634