Compare Today’s Mortgage Rates for Louisville, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Louisville, Alabama 36048. 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 $3,998 or $11 / month in Louisville and other areas of Barbour county.

Our search engine explores all home mortgage options in Louisville, Alabama 36048, 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 Louisville, Alabama 36048

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 Louisville, AL 36048, 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 Louisville, Alabama 36048 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Louisville, Alabama and around Barbour 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 Louisville, Alabama 36048

If you’re looking to buy a new home in Louisville, we have compiled a list of the leading mortgage brokers around Louisville, Alabama 36048 to help you with your search.

Name
Address
Contact

Trico Financial Service

102 Deatsville Hwy

Millbrook AL 36048

(334) 285-9739

Local Finance

2536 Highway 14

Millbrook AL 36048

(334) 290-2993

Home Mortgage of America

5300 Oak Tree Rd

Millbrook AL 36048

(334) 351-0570

Money Store

3581 Highway 14

Millbrook AL 36048

(334) 285-7990

http://www.themoneystore.com/

Anchor Mortgage Service

5300 Oak Tree Rd

Millbrook AL 36048

(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

News on Mortgages and Reverse Mortgages for Louisville, Alabama 36048