Compare Today’s Mortgage Rates for Franklin, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Franklin, Alabama 36444. 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 $2,515 or $7 / month in Franklin and other areas of Monroe county.

Our search engine explores all home mortgage options in Franklin, Alabama 36444, 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 Franklin, Alabama 36444

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Franklin, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Franklin, AL 36444, 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.

Local Mortgage Rates for Franklin, AL

Historical Mortgage Rates for Franklin, Alabama 36444 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Franklin, Alabama and around Monroe 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 Franklin, Alabama 36444

If you’re looking to buy a new home in Franklin, we have compiled a list of the leading mortgage brokers around Franklin, Alabama 36444 to help you with your search.

Name
Address
Contact

Gateway Real Estate & Mortgage

23289 5th Ave

Florala AL 36444

(334) 858-3221

gatewaypoultry@gmail.com

Southern Loans

23285 5th Ave

Florala AL 36444

(334) 858-5000

bbp1120@yahoo.com

World Finance

302 W Bypass

Andalusia AL 36444

(334) 222-2553

http://worldacceptance.com

TitleMax Title Loans

1509 Dr M L K Jr Expy

Andalusia AL 36444

(334) 427-1104

webinquiries@titlemax.com

OneMain Financial

100 Westgate Plz

Andalusia AL 36444

(334) 222-2557

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

Address

23289 5th Ave

Florala AL

Contact

(334) 858-3221

gatewaypoultry@gmail.com

Address

23285 5th Ave

Florala AL

Contact

(334) 858-5000

bbp1120@yahoo.com

Address

302 W Bypass

Andalusia AL

Contact

(334) 222-2553

http://worldacceptance.com

News on Mortgages and Reverse Mortgages for Franklin, Alabama 36444