Compare Today’s Mortgage Rates for Honoraville, Alabama
Pureloan searches mortgage lenders and major banks in Honoraville, Alabama 36042 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 $5,493 or $15 / month is expected in Honoraville and other areas of Crenshaw county.
Pureloan’s search engine explores all home mortgage options in Honoraville, Alabama 36042, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Honoraville, Alabama 36042
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Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Honoraville, AL
To forecast and predict mortgage rates in Honoraville, AL 36042, 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 Honoraville, Alabama 36042 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Honoraville, Alabama and around Crenshaw 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 Honoraville, Alabama 36042
If you’re looking to buy a new home in Honoraville, we have compiled a list of the leading mortgage brokers around Honoraville, Alabama 36042 to help you with your search.
Name
Address
Contact
First South Farm Credit
10 Luverne St
Luverne AL 36042
(334) 335-6531
http://www.firstsouthland.com/
Money Magic
12 W 3rd St
Luverne AL 36042
(334) 335-2776
City Finance Co.
171 S Forest Ave
Luverne AL 36042
(334) 335-5001
Title Cash
1334 S Brundidge St
Troy AL 36042
(334) 808-9033
contactus@titlecash.com
1st Franklin Financial
1113 Highway 231 S
Troy AL 36042
(334) 566-9866
bcheek3@1ffc.com
Address
10 Luverne St
Luverne AL
Contact
(334) 335-6531
http://www.firstsouthland.com/
Address
12 W 3rd St
Luverne AL
Contact
(334) 335-2776
Address
171 S Forest Ave
Luverne AL
Contact
(334) 335-5001