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
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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 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/