Compare Today’s Mortgage Rates for Megargel, Alabama
Pureloan searches mortgage lenders and major banks in Megargel, Alabama 36457 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 $2,419 or $7 / month is expected in Megargel and other areas of Monroe county.
Pureloan’s search engine explores all home mortgage options in Megargel, Alabama 36457, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Megargel, Alabama 36457
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Megargel, AL
To forecast and predict mortgage rates in Megargel, AL 36457, 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 Megargel, Alabama 36457 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Megargel, Alabama and around Monroe 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 Megargel, Alabama 36457
If you’re looking to buy a new home in Megargel, we have compiled a list of the leading mortgage brokers around Megargel, Alabama 36457 to help you with your search.
Name
Address
Contact
Accurate Taxes & Loans
21 Hines St
Monroeville AL 36457
(251) 743-4437
Wells Fargo Financial
1840 S Alabama Ave
Monroeville AL 36457
(251) 743-2620
Covington Credit Corporation
89 Pineville Rd
Monroeville AL 36457
(251) 743-3600
OneMain Financial
799 S Alabama Ave
Monroeville AL 36457
(251) 575-3295
http://branches.onemainfinancial.com/al/monroeville/799-south-alabama-avenue.html
Great American Loans
993 S Alabama Ave
Monroeville AL 36457
(251) 575-9595
http://stores.creditcorptitle.com/al/monroeville/993-s-alabama-avenue-24315.html
Address
21 Hines St
Monroeville AL
Contact
(251) 743-4437
Address
1840 S Alabama Ave
Monroeville AL
Contact
(251) 743-2620
Address
89 Pineville Rd
Monroeville AL
Contact
(251) 743-3600