Compare Today’s Mortgage Rates for Hamilton, Alabama
Pureloan searches mortgage lenders and major banks in Hamilton, Alabama 35570 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 $7,237 or $20 / month is expected in Hamilton and other areas of Marion county.
Pureloan’s search engine explores all home mortgage options in Hamilton, Alabama 35570, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Hamilton, Alabama 35570
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Interactive Mortgage Rate Projections for Hamilton, AL
To forecast and predict mortgage rates in Hamilton, AL 35570, 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 Hamilton, Alabama 35570 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Hamilton, Alabama and around Marion 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 | 85.43% | 79.88% | 81.18% | 87.12% | 85.10% | 88.33% | 84.52% | 85.62% |
| avg mortgage rate | 4.79% | 4.55% | 3.83% | 3.88% | 4.38% | 4.05% | 3.93% | 4.12% |
| % 15 year fixed mortgage | 12.15% | 17.16% | 16.13% | 11.86% | 12.12% | 10.76% | 13.31% | 11.64% |
| avg mortgage rate | 4.20% | 3.68% | 3.17% | 3.14% | 3.42% | 3.23% | 3.00% | 3.21% |
| Avg credit score | 763.45 | 760.86 | 760.60 | 758.87 | 758.55 | 757.00 | 756.20 | 757.18 |
| Avg LTV (loan to value) | 76.83% | 78.95% | 82.17% | 82.45% | 83.17% | 84.08% | 84.13% | 83.59% |
| Avg DTI (debt to income) | 30.24 | 30.25 | 27.92 | 27.95 | 29.60 | 29.11 | 29.56 | 31.08 |
| % First time homebuyer | 26.72% | 31.36% | 28.49% | 31.86% | 23.74% | 27.46% | 26.01% | 23.97% |
| Avg mortgage insurance % | 4.95% | 6.63% | 10.92% | 11.53% | 12.39% | 13.58% | 13.96% | 14.27% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Hamilton, Alabama 35570
If you’re looking to buy a new home in Hamilton, we have compiled a list of the leading mortgage brokers around Hamilton, Alabama 35570 to help you with your search.
First Natl BK Hamilton
169 Military St S
Hamilton AL 35570
(205) 921-0855
http://firstnationalathome.com
World Finance
535 Military St S
Hamilton AL 35570
(205) 921-1254
http://www.worldacceptance.com/
1st Franklin Financial
1935 Military St S
Hamilton AL 35570
(205) 921-9900
http://locations.1ffc.com/al/hamilton/1935-military-street-south.html
Cis Financial Services
851 Military St N
Hamilton AL 35570
(205) 921-4814
tbostick@cishomeloans.com
Address
169 Military St S
Hamilton AL
Contact
(205) 921-0855
http://firstnationalathome.com
Address
535 Military St S
Hamilton AL
Contact
(205) 921-1254
http://www.worldacceptance.com/
Address
1935 Military St S
Hamilton AL
Contact
(205) 921-9900
http://locations.1ffc.com/al/hamilton/1935-military-street-south.html