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
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Interactive and Personalized Mortage Rates Analysis
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