Compare Today’s Mortgage Rates for Gulf Shores, Alabama
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Gulf Shores, Alabama 36547. 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 $10,824 or $30 / month in Gulf Shores and other areas of Baldwin county.
Our search engine explores all home mortgage options in Gulf Shores, Alabama 36547, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Gulf Shores, Alabama 36547
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Gulf Shores, AL 36547, 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 Gulf Shores, Alabama 36547 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Gulf Shores, Alabama and around Baldwin 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 Gulf Shores, Alabama 36547
If you’re looking to buy a new home in Gulf Shores, we have compiled a list of the leading mortgage brokers around Gulf Shores, Alabama 36547 to help you with your search.
Fairway Independent Mortgage
1821 Gulf Shores Pkwy
Gulf Shores AL 36547
(251) 968-9199
customerservice@fairwaymc.com
Barr Group Mortgage
1574 Gulf Shores Pkwy
Gulf Shores AL 36547
(251) 975-1800
helga.james@barrgroupmortgage.com
All Source Mortgage Inc.
126 Cove Ave
Gulf Shores AL 36547
(251) 981-8922
http://allsource4u.com
Fidelity Mortgage
1544 W 2nd St
Gulf Shores AL 36547
(251) 968-4412
http://www.fidelitymortgageinc.com/
Wells Fargo Home Mortgage
1703 Gulf Shores Pkwy
Gulf Shores AL 36547
(251) 970-1036
robert.maund@abbotdowning.com
Address
1821 Gulf Shores Pkwy
Gulf Shores AL
Contact
(251) 968-9199
customerservice@fairwaymc.com
Address
1574 Gulf Shores Pkwy
Gulf Shores AL
Contact
(251) 975-1800
helga.james@barrgroupmortgage.com
Address
126 Cove Ave
Gulf Shores AL
Contact
(251) 981-8922
http://allsource4u.com