Compare Today’s Mortgage Rates for Kennedy, Alabama
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Kennedy, Alabama 35574. 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 $2,600 or $7 / month in Kennedy and surrounding areas of Lamar 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 Kennedy, Alabama 35574.
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Summary of Average Mortgage Terms in Kennedy, Alabama 35574
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Kennedy, AL 35574, 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 Kennedy, Alabama 35574 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Kennedy, Alabama and around Lamar 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 Kennedy, Alabama 35574
If you’re looking to buy a new home in Kennedy, we have compiled a list of the leading mortgage brokers around Kennedy, Alabama 35574 to help you with your search.
Cis Financial Services
851 Military St N
Hamilton AL 35574
(205) 921-4814
tbostick@cishomeloans.com
1st Franklin Financial
1935 Military St S
Hamilton AL 35574
(205) 921-9900
http://locations.1ffc.com/al/hamilton/1935-military-street-south.html
World Finance
535 Military St S
Hamilton AL 35574
(205) 921-1254
http://www.worldacceptance.com/
First Natl BK Hamilton
169 Military St S
Hamilton AL 35574
(205) 921-0855
http://firstnationalathome.com
Capstone Finance
1815 6th Ave SE
Decatur AL 35574
(256) 308-0035
http://www.capstonedecatur.com
Address
851 Military St N
Hamilton AL
Contact
(205) 921-4814
tbostick@cishomeloans.com
Address
1935 Military St S
Hamilton AL
Contact
(205) 921-9900
http://locations.1ffc.com/al/hamilton/1935-military-street-south.html
Address
535 Military St S
Hamilton AL
Contact
(205) 921-1254
http://www.worldacceptance.com/