Compare Today’s Mortgage Rates for Frankville, Alabama
Pureloan searches mortgage lenders and major banks in Frankville, Alabama 36538 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 $2,064 or $6 / month is expected in Frankville and other areas of Washington county.
Pureloan’s search engine explores all home mortgage options in Frankville, Alabama 36538, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Frankville, Alabama 36538
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Frankville, AL
To forecast and predict mortgage rates in Frankville, AL 36538, 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 Frankville, Alabama 36538 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Frankville, Alabama and around Washington 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 Frankville, Alabama 36538
If you’re looking to buy a new home in Frankville, we have compiled a list of the leading mortgage brokers around Frankville, Alabama 36538 to help you with your search.
Name
Address
Contact
Gulfside Mortgage
1574 Gulf Shores Pkwy
Gulf Shores AL 36538
(251) 968-1808
Amicus Mortgage Group
3639 Gulf Shores Pkwy
Gulf Shores AL 36538
(251) 967-3550
Always First Mortgage
3500 Gulf Shores Pkwy
Gulf Shores AL 36538
(251) 540-3001
Mortgage Plus
3757 Gulf Shores Pkwy
Gulf Shores AL 36538
(251) 968-7032
Seaside Mortgage
229 E 20th Ave
Gulf Shores AL 36538
(251) 968-1406
Address
1574 Gulf Shores Pkwy
Gulf Shores AL
Contact
(251) 968-1808
Address
3639 Gulf Shores Pkwy
Gulf Shores AL
Contact
(251) 967-3550
Address
3500 Gulf Shores Pkwy
Gulf Shores AL
Contact
(251) 540-3001