Compare Today’s Mortgage Rates for Kent, Alabama
Pureloan searches mortgage lenders and major banks in Kent, Alabama 36045 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 $9,741 or $27 / month is expected in Kent and other areas of Elmore county.
Pureloan’s search engine explores all home mortgage options in Kent, Alabama 36045, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Kent, Alabama 36045
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Kent, AL
To forecast and predict mortgage rates in Kent, AL 36045, 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 Kent, Alabama 36045 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Kent, Alabama and around Elmore 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 Kent, Alabama 36045
If you’re looking to buy a new home in Kent, we have compiled a list of the leading mortgage brokers around Kent, Alabama 36045 to help you with your search.
Name
Address
Contact
Trico Financial Service
102 Deatsville Hwy
Millbrook AL 36045
(334) 285-9739
Local Finance
2536 Highway 14
Millbrook AL 36045
(334) 290-2993
Home Mortgage of America
5300 Oak Tree Rd
Millbrook AL 36045
(334) 351-0570
Money Store
3581 Highway 14
Millbrook AL 36045
(334) 285-7990
http://www.themoneystore.com/
Anchor Mortgage Service
5300 Oak Tree Rd
Millbrook AL 36045
(334) 285-5353
http://www.anchormort.com
Address
102 Deatsville Hwy
Millbrook AL
Contact
(334) 285-9739
Address
2536 Highway 14
Millbrook AL
Contact
(334) 290-2993
Address
5300 Oak Tree Rd
Millbrook AL
Contact
(334) 351-0570