Compare Today’s Mortgage Rates in Grove Hill, Alabama 36451
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Grove Hill, Alabama 36451.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $7,077 over the lifetime of your 30-year fixed loan, or a monthly savings of $20 in Grove Hill and other areas of Clarke county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Grove Hill, Alabama 36451
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Grove Hill, Alabama 36451
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Grove Hill, AL 36451. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Grove Hill, Alabama 36451 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Grove Hill, Alabama and around Clarke county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 91.13% | 90.51% | 92.30% | 90.50% | 87.81% | 90.06% | 89.58% | 88.74% | 86.28% |
| avg mortgage rate | 6.57% | 4.72% | 3.07% | 3.34% | 4.46% | 4.65% | 4.19% | 3.95% | 4.13% |
| % 15 year fixed mortgage | 7.26% | 7.20% | 6.51% | 8.26% | 9.70% | 6.93% | 8.47% | 7.28% | 11.95% |
| avg mortgage rate | 5.72% | 3.54% | 2.44% | 2.99% | 3.83% | 4.13% | 3.31% | 3.13% | 3.27% |
| Avg credit score | 748.69 | 767.84 | 754.08 | 759.42 | 781.43 | 750.45 | 752.97 | 783.08 | 752.89 |
| Avg LTV (loan to value) | 81.91% | 83.20% | 85.56% | 85.67% | 84.75% | 84.09% | 85.02% | 85.38% | 84.22% |
| Avg DTI (debt to income) | 36.88 | 36.02 | 32.09 | 32.39 | 32.47 | 33.12 | 32.45 | 32.85 | 33.08 |
| % First time homebuyer | 32.26% | 29.13% | 28.42% | 28.10% | 26.37% | 28.61% | 25.41% | 22.52% | 25.22% |
| Avg mortgage insurance % | 15.82% | 15.27% | 16.73% | 16.63% | 15.62% | 14.98% | 14.68% | 16.59% | 14.66% |
Best Mortgage Brokers around Grove Hill, Alabama 36451
For those searching for a new home in Grove Hill, we have compiled a list of the top mortgage brokers located in and around Grove Hill, Alabama 36451 to assist you with your search.
Name
Address
Contact
G O Loans
289 S Jackson St
Grove Hill AL 36451
(251) 275-2222
Hamilton Mortgage
2690 S McKenzie St
Foley AL 36451
(251) 952-4663
Mid America Mortgage South Ala
8112 Bay View Dr
Foley AL 36451
(251) 955-2154
Usa Realty
8605 State Highway 59
Foley AL 36451
(251) 943-6560
usarealty@live.com
North American Title Loans
320 N McKenzie St
Foley AL 36451
(251) 943-9000
https://www.northamericantitleloans.net/Locations/ALABAMA/Foley/320-N-McKenzie-St
Address
289 S Jackson St
Grove Hill AL
Contact
(251) 275-2222
Address
2690 S McKenzie St
Foley AL
Contact
(251) 952-4663
Address
8112 Bay View Dr
Foley AL
Contact
(251) 955-2154