Compare Today’s Mortgage Rates for Luverne, Alabama

Pureloan searches mortgage lenders and major banks in Luverne, Alabama 36049 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 $2,785 or $8 / month is expected in Luverne and other areas of Crenshaw county.

Pureloan’s search engine explores all home mortgage options in Luverne, Alabama 36049, 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 Luverne, Alabama 36049

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 Luverne, AL 36049, 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 Luverne, Alabama 36049 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Luverne, 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 Luverne, Alabama 36049

If you’re looking to buy a new home in Luverne, we have compiled a list of the leading mortgage brokers around Luverne, Alabama 36049 to help you with your search.

Name
Address
Contact

City Finance Co.

171 S Forest Ave

Luverne AL 36049

(334) 335-5001

Money Magic

12 W 3rd St

Luverne AL 36049

(334) 335-2776

First South Farm Credit

10 Luverne St

Luverne AL 36049

(334) 335-6531

http://www.firstsouthland.com/

Trico Financial Service

102 Deatsville Hwy

Millbrook AL 36049

(334) 285-9739

Local Finance

2536 Highway 14

Millbrook AL 36049

(334) 290-2993

Address

171 S Forest Ave

Luverne AL

Contact

(334) 335-5001

Address

12 W 3rd St

Luverne AL

Contact

(334) 335-2776

Address

10 Luverne St

Luverne AL

Contact

(334) 335-6531

http://www.firstsouthland.com/

News on Mortgages and Reverse Mortgages for Luverne, Alabama 36049