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.
Summary of Average Mortgage Terms in Gulf Shores, Alabama 36542
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Interactive Mortgage Rate Projections for Gulf Shores, AL
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.
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.
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