Compare Today’s Mortgage Rates for Gainestown, Alabama
Pureloan searches mortgage lenders and major banks in Gainestown, Alabama 36540 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 $1,640 or $5 / month is expected in Gainestown and other areas of Monroe county.
Pureloan’s search engine explores all home mortgage options in Gainestown, Alabama 36540, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Gainestown, Alabama 36540
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Gainestown, AL
To forecast and predict mortgage rates in Gainestown, AL 36540, 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 Gainestown, Alabama 36540 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Gainestown, 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 Gainestown, Alabama 36540
If you’re looking to buy a new home in Gainestown, we have compiled a list of the leading mortgage brokers around Gainestown, Alabama 36540 to help you with your search.
Name
Address
Contact
Gulfside Mortgage
1574 Gulf Shores Pkwy
Gulf Shores AL 36540
(251) 968-1808
Amicus Mortgage Group
3639 Gulf Shores Pkwy
Gulf Shores AL 36540
(251) 967-3550
Always First Mortgage
3500 Gulf Shores Pkwy
Gulf Shores AL 36540
(251) 540-3001
Mortgage Plus
3757 Gulf Shores Pkwy
Gulf Shores AL 36540
(251) 968-7032
Seaside Mortgage
229 E 20th Ave
Gulf Shores AL 36540
(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