Compare Today’s Mortgage Rates for Gulf Shores, Alabama

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Gulf Shores, Alabama 36542. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $5,285 or $15 / month in Gulf Shores and surrounding areas of Baldwin county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Gulf Shores, Alabama 36542.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Gulf Shores, Alabama 36542

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Gulf Shores, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Gulf Shores, AL 36542, 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 Gulf Shores, AL

Historical Mortgage Rates for Gulf Shores, Alabama 36542 from 2013 - 2020

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 36542

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 36542 to help you with your search.

Name
Address
Contact

Fairway Independent Mortgage

1821 Gulf Shores Pkwy

Gulf Shores AL 36542

(251) 968-9199

customerservice@fairwaymc.com

Barr Group Mortgage

1574 Gulf Shores Pkwy

Gulf Shores AL 36542

(251) 975-1800

helga.james@barrgroupmortgage.com

All Source Mortgage Inc.

126 Cove Ave

Gulf Shores AL 36542

(251) 981-8922

http://allsource4u.com

Fidelity Mortgage

1544 W 2nd St

Gulf Shores AL 36542

(251) 968-4412

http://www.fidelitymortgageinc.com/

Wells Fargo Home Mortgage

1703 Gulf Shores Pkwy

Gulf Shores AL 36542

(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

News on Mortgages and Reverse Mortgages for Gulf Shores, Alabama 36542