Compare Today’s Mortgage Rates for Madison, Alabama

Pureloan searches mortgage lenders and major banks in Madison, Alabama 35758 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 Madison and other areas of Madison county.

Pureloan’s search engine explores all home mortgage options in Madison, Alabama 35758, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Madison, Alabama 35758

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Madison, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Madison, AL 35758, 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.

Local Mortgage Rates for Madison, AL

Historical Mortgage Rates for Madison, Alabama 35758 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Madison, Alabama and around Madison 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 Madison, Alabama 35758

If you’re looking to buy a new home in Madison, we have compiled a list of the leading mortgage brokers around Madison, Alabama 35758 to help you with your search.

Name
Address
Contact

Home Mortgage Of America

3810 Sullivan St

Madison AL 35758

(256) 551-0797

W R Starkey Mortgage

8089 Highway 72 W

Madison AL 35758

(256) 721-2433

smlinfo@sml.state.tx.us

TitleMax Title Loans

8591 Madison Blvd

Madison AL 35758

(256) 772-1705

webinquiries@titlemax.com

Capital Mortgage

8840 Madison Blvd

Madison AL 35758

(256) 461-1099

Check 'n Go

97 Hughes Rd

Madison AL 35758

(256) 772-5394

comments@checkngo.com

Address

3810 Sullivan St

Madison AL

Contact

(256) 551-0797

Address

8089 Highway 72 W

Madison AL

Contact

(256) 721-2433

smlinfo@sml.state.tx.us

Address

8591 Madison Blvd

Madison AL

Contact

(256) 772-1705

webinquiries@titlemax.com

News on Mortgages and Reverse Mortgages for Madison, Alabama 35758