Compare Today’s Mortgage Rates for Montgomery, Alabama

Pureloan searches mortgage lenders and major banks in Montgomery, Alabama 36191 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 $5,185 or $14 / month is expected in Montgomery and other areas of Calhoun county.

Pureloan’s search engine explores all home mortgage options in Montgomery, Alabama 36191, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

No suitable program is found

Summary of Average Mortgage Terms in Montgomery, Alabama 36191

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 Montgomery, AL 36191, 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 36191 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Montgomery, Alabama and around Calhoun 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 36191

If you’re looking to buy a new home in Montgomery, we have compiled a list of the leading mortgage brokers around Montgomery, Alabama 36191 to help you with your search.

Name
Address
Contact

Finance Department

64 N Union St

Montgomery AL 36191

(334) 242-3199

http://www.finance.alabama.gov

Southern Fidelity Mortgage

3093 Carter Hill Rd

Montgomery AL 36191

(334) 240-1783

info@acremortgage.com

Acre Mortgage & Financial

3093 Carter Hill Rd

Montgomery AL 36191

(334) 240-1783

info@acremortgage.com

Great American Loans

2975 Woodley Rd

Montgomery AL 36191

(334) 284-8228

http://stores.creditcorptitle.com/al/montgomery/2975-woodley-road-24316.html

Always Money

2021 Coliseum Blvd

Montgomery AL 36191

(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

News on Mortgages and Reverse Mortgages for Montgomery, Alabama 36191