Compare Today’s Mortgage Rates for Florence, Alabama
Pureloan searches mortgage lenders and major banks in Florence, Alabama 35632 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 $1,932 or $5 / month is expected in Florence and other areas of Lauderdale county.
Pureloan’s search engine explores all home mortgage options in Florence, Alabama 35632, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Florence, Alabama 35632
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Florence, AL
To forecast and predict mortgage rates in Florence, AL 35632, 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 35632 from 2013 - 2020
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 35632
If you’re looking to buy a new home in Florence, we have compiled a list of the leading mortgage brokers around Florence, Alabama 35632 to help you with your search.
Name
Address
Contact
Right Choice Mortgage
3312 Florence Blvd
Florence AL 35632
(256) 760-9089
Motor Credit
3301 Florence Blvd
Florence AL 35632
(256) 766-9444
Cash City
3507 Florence Blvd
Florence AL 35632
(256) 757-2274
A Plus Pawn
3611 Florence Blvd
Florence AL 35632
(256) 757-2664
http://a-pluspawn.com
Wells Fargo Home Mortgage
102 Hike Dr
Florence AL 35632
(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