Compare Today’s Mortgage Rates for Lexington, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Lexington, Alabama 35648. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $5,302 or $15 / month in Lexington and other areas of Lauderdale county.

Our search engine explores all home mortgage options in Lexington, Alabama 35648, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

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Summary of Average Mortgage Terms in Lexington, Alabama 35648

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Lexington, AL 35648, 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 Lexington, Alabama 35648 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Lexington, Alabama and around Lauderdale 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 Lexington, Alabama 35648

If you’re looking to buy a new home in Lexington, we have compiled a list of the leading mortgage brokers around Lexington, Alabama 35648 to help you with your search.

Name
Address
Contact

First Metro Mortgage

11271 Highway 101

Lexington AL 35648

(256) 314-1600

http://firstmetro.com

1st Franklin Financial

114 Jackson Ave N

Russellville AL 35648

(256) 332-5161

bcheek3@1ffc.com

1st Franklin Financial

13830 Highway 43

Russellville AL 35648

(256) 332-7800

address@www.1ffc.com

Mike's Pawn Ii

13499 Highway 43

Russellville AL 35648

(256) 332-2274

mvmhjones@aol.com

World Finance

14001 Highway 43

Russellville AL 35648

(256) 331-3504

wac200@worldacceptance.net

Address

11271 Highway 101

Lexington AL

Contact

(256) 314-1600

http://firstmetro.com

Address

114 Jackson Ave N

Russellville AL

Contact

(256) 332-5161

bcheek3@1ffc.com

Address

13830 Highway 43

Russellville AL

Contact

(256) 332-7800

address@www.1ffc.com

News on Mortgages and Reverse Mortgages for Lexington, Alabama 35648