Compare Today’s Mortgage Rates for Grand Bay, Alabama

Pureloan searches mortgage lenders and major banks in Grand Bay, Alabama 36541 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 $5,493 or $15 / month is expected in Grand Bay and other areas of Mobile county.

Pureloan’s search engine explores all home mortgage options in Grand Bay, Alabama 36541, 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 Grand Bay, Alabama 36541

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Grand Bay, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Grand Bay, AL 36541, 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 Grand Bay, AL

Historical Mortgage Rates for Grand Bay, Alabama 36541 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Grand Bay, Alabama and around Mobile 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 Grand Bay, Alabama 36541

If you’re looking to buy a new home in Grand Bay, we have compiled a list of the leading mortgage brokers around Grand Bay, Alabama 36541 to help you with your search.

Name
Address
Contact

Gulfside Mortgage

1574 Gulf Shores Pkwy

Gulf Shores AL 36541

(251) 968-1808

Amicus Mortgage Group

3639 Gulf Shores Pkwy

Gulf Shores AL 36541

(251) 967-3550

Always First Mortgage

3500 Gulf Shores Pkwy

Gulf Shores AL 36541

(251) 540-3001

Mortgage Plus

3757 Gulf Shores Pkwy

Gulf Shores AL 36541

(251) 968-7032

Seaside Mortgage

229 E 20th Ave

Gulf Shores AL 36541

(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

News on Mortgages and Reverse Mortgages for Grand Bay, Alabama 36541