Compare Today’s Mortgage Rates for Magnolia, Alabama

Pureloan searches mortgage lenders and major banks in Magnolia, Alabama 36754 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 $13,375 or $37 / month is expected in Magnolia and other areas of Marengo county.

Pureloan’s search engine explores all home mortgage options in Magnolia, Alabama 36754, 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 Magnolia, Alabama 36754

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Magnolia, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Magnolia, AL 36754, 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 Magnolia, AL

Historical Mortgage Rates for Magnolia, Alabama 36754 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Magnolia, Alabama and around Marengo 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 Magnolia, Alabama 36754

If you’re looking to buy a new home in Magnolia, we have compiled a list of the leading mortgage brokers around Magnolia, Alabama 36754 to help you with your search.

Name
Address
Contact

Marion Bancshares Inc.

601 Washington St

Marion AL 36754

(334) 683-6131

http://marion-bank.com

Bank Trust

1431 Gateway Dr

Opelika AL 36754

(334) 745-2113

Local Finance

36 Samford Ave

Opelika AL 36754

(334) 742-0883

East Alabama Credit

3909 Pepperell Pkwy

Opelika AL 36754

(334) 745-2510

trishia@charter.net

Nations Quick Cash

3304 Pepperell Pkwy

Opelika AL 36754

(334) 737-0070

Address

601 Washington St

Marion AL

Contact

(334) 683-6131

http://marion-bank.com

Address

1431 Gateway Dr

Opelika AL

Contact

(334) 745-2113

Address

36 Samford Ave

Opelika AL

Contact

(334) 742-0883

News on Mortgages and Reverse Mortgages for Magnolia, Alabama 36754