Compare Today’s Mortgage Rates for Foley, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Foley, Alabama 36536. 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 $6,075 or $17 / month in Foley and other areas of Baldwin county.

Our search engine explores all home mortgage options in Foley, Alabama 36536, 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 Foley, Alabama 36536

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 Foley, AL 36536, 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 Foley, Alabama 36536 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Foley, Alabama and around Baldwin 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 Foley, Alabama 36536

If you’re looking to buy a new home in Foley, we have compiled a list of the leading mortgage brokers around Foley, Alabama 36536 to help you with your search.

Name
Address
Contact

University Lending Group

116 N Alston St

Foley AL 36536

(251) 981-3150

Quick Loans

302 E Laurel Ave

Foley AL 36536

(251) 971-2122

Springleaf Finance Corporation

1320 N McKenzie St

Foley AL 36536

(251) 943-1660

http://www.springleaffinancial.com

Emerald Coast Mortgage

111 W Myrtle Ave

Foley AL 36536

(251) 943-3574

http://emeraldcoastmtg.com

First Metropolitan Mortgage

8158 State Highway 59

Foley AL 36536

(251) 980-2075

Address

116 N Alston St

Foley AL

Contact

(251) 981-3150

Address

302 E Laurel Ave

Foley AL

Contact

(251) 971-2122

Address

1320 N McKenzie St

Foley AL

Contact

(251) 943-1660

http://www.springleaffinancial.com

News on Mortgages and Reverse Mortgages for Foley, Alabama 36536