Compare Today’s Mortgage Rates for Mexia, Alabama

Pureloan searches mortgage lenders and major banks in Mexia, Alabama 36458 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 $1,640 or $5 / month is expected in Mexia and other areas of Covington county.

Pureloan’s search engine explores all home mortgage options in Mexia, Alabama 36458, 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 Mexia, Alabama 36458

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 Mexia, AL 36458, 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 Mexia, Alabama 36458 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Mexia, Alabama and around Covington 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 Mexia, Alabama 36458

If you’re looking to buy a new home in Mexia, we have compiled a list of the leading mortgage brokers around Mexia, Alabama 36458 to help you with your search.

Name
Address
Contact

Accurate Taxes & Loans

21 Hines St

Monroeville AL 36458

(251) 743-4437

Wells Fargo Financial

1840 S Alabama Ave

Monroeville AL 36458

(251) 743-2620

Covington Credit Corporation

89 Pineville Rd

Monroeville AL 36458

(251) 743-3600

OneMain Financial

799 S Alabama Ave

Monroeville AL 36458

(251) 575-3295

http://branches.onemainfinancial.com/al/monroeville/799-south-alabama-avenue.html

Great American Loans

993 S Alabama Ave

Monroeville AL 36458

(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

News on Mortgages and Reverse Mortgages for Mexia, Alabama 36458