Compare Today’s Mortgage Rates for Montgomery, Alabama
Pureloan searches mortgage lenders and major banks in Montgomery, Alabama 36140 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 $1,799 or $5 / month is expected in Montgomery and other areas of Montgomery county.
Pureloan’s search engine explores all home mortgage options in Montgomery, Alabama 36140, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Montgomery, Alabama 36140
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Interactive Mortgage Rate Projections for Montgomery, AL
To forecast and predict mortgage rates in Montgomery, AL 36140, 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 Montgomery, Alabama 36140 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Montgomery, Alabama and around Montgomery 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 Montgomery, Alabama 36140
If you’re looking to buy a new home in Montgomery, we have compiled a list of the leading mortgage brokers around Montgomery, Alabama 36140 to help you with your search.
Finance Department
64 N Union St
Montgomery AL 36140
(334) 242-3199
http://www.finance.alabama.gov
Southern Fidelity Mortgage
3093 Carter Hill Rd
Montgomery AL 36140
(334) 240-1783
info@acremortgage.com
Acre Mortgage & Financial
3093 Carter Hill Rd
Montgomery AL 36140
(334) 240-1783
info@acremortgage.com
Great American Loans
2975 Woodley Rd
Montgomery AL 36140
(334) 284-8228
http://stores.creditcorptitle.com/al/montgomery/2975-woodley-road-24316.html
Always Money
2021 Coliseum Blvd
Montgomery AL 36140
(334) 272-0750
customerservice@alwaysmoney.com
Address
64 N Union St
Montgomery AL
Contact
(334) 242-3199
http://www.finance.alabama.gov
Address
3093 Carter Hill Rd
Montgomery AL
Contact
(334) 240-1783
info@acremortgage.com
Address
3093 Carter Hill Rd
Montgomery AL
Contact
(334) 240-1783
info@acremortgage.com