Compare Today’s Mortgage Rates for Monroeville, Alabama

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Monroeville, Alabama 36462. 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 $3,728 or $10 / month in Monroeville and surrounding areas of Covington 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 Monroeville, Alabama 36462.

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Summary of Average Mortgage Terms in Monroeville, Alabama 36462

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 Monroeville, AL 36462, 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 Monroeville, Alabama 36462 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Monroeville, 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 Monroeville, Alabama 36462

If you’re looking to buy a new home in Monroeville, we have compiled a list of the leading mortgage brokers around Monroeville, Alabama 36462 to help you with your search.

Name
Address
Contact

LCL Variety Shop

218 S Alabama Ave

Monroeville AL 36462

(251) 575-9380

City Cafe

899 S Alabama Ave

Monroeville AL 36462

(251) 575-3295

http://www.citifinancial.com

Wells Fargo Home Mortgage

25 W Claiborne St

Monroeville AL 36462

(251) 575-4518

http://www.wellsfargo.com/mortgage/

Acceptance Loan Company

419 Pike St

Monroeville AL 36462

(251) 575-2296

tclark@acceptanceloan.com

World Finance

34 N Alabama Ave

Monroeville AL 36462

(251) 743-3050

http://www.worldacceptance.com/

Address

218 S Alabama Ave

Monroeville AL

Contact

(251) 575-9380

Address

899 S Alabama Ave

Monroeville AL

Contact

(251) 575-3295

http://www.citifinancial.com

Address

25 W Claiborne St

Monroeville AL

Contact

(251) 575-4518

http://www.wellsfargo.com/mortgage/

News on Mortgages and Reverse Mortgages for Monroeville, Alabama 36462