Compare Today’s Mortgage Rates for Millbrook, Alabama
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Millbrook, Alabama 36054. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $5,617 or $16 / month in Millbrook and surrounding areas of Elmore county.
Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Millbrook, Alabama 36054.
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Summary of Average Mortgage Terms in Millbrook, Alabama 36054
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Millbrook, AL 36054, 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 Millbrook, Alabama 36054 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Millbrook, Alabama and around Elmore 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 Millbrook, Alabama 36054
If you’re looking to buy a new home in Millbrook, we have compiled a list of the leading mortgage brokers around Millbrook, Alabama 36054 to help you with your search.
Name
Address
Contact
Anchor Mortgage Service
5300 Oak Tree Rd
Millbrook AL 36054
(334) 285-5353
http://www.anchormort.com
Money Store
3581 Highway 14
Millbrook AL 36054
(334) 285-7990
http://www.themoneystore.com/
Home Mortgage of America
5300 Oak Tree Rd
Millbrook AL 36054
(334) 351-0570
Local Finance
2536 Highway 14
Millbrook AL 36054
(334) 290-2993
Trico Financial Service
102 Deatsville Hwy
Millbrook AL 36054
(334) 285-9739
Address
5300 Oak Tree Rd
Millbrook AL
Contact
(334) 285-5353
http://www.anchormort.com
Address
3581 Highway 14
Millbrook AL
Contact
(334) 285-7990
http://www.themoneystore.com/
Address
5300 Oak Tree Rd
Millbrook AL
Contact
(334) 351-0570