Compare Today’s Mortgage Rates for Montrose, Alabama
Pureloan searches mortgage lenders and major banks in Montrose, Alabama 36559 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 $2,322 or $6 / month is expected in Montrose and other areas of Baldwin county.
Pureloan’s search engine explores all home mortgage options in Montrose, Alabama 36559, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Montrose, Alabama 36559
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Montrose, AL
To forecast and predict mortgage rates in Montrose, AL 36559, 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 Montrose, Alabama 36559 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Montrose, Alabama and around Baldwin 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 Montrose, Alabama 36559
If you’re looking to buy a new home in Montrose, we have compiled a list of the leading mortgage brokers around Montrose, Alabama 36559 to help you with your search.
Name
Address
Contact
Regions Mortgage
4100 Orange Beach Blvd
Orange Beach AL 36559
(251) 981-1189
http://regions.com/mortgage.rf
Gulfwide Mortgage
27267 Perdido Beach Blvd
Orange Beach AL 36559
(251) 974-3520
patti@sanroccay.com
Mortgage Executives Of Alabama
24695 Canal Rd
Orange Beach AL 36559
(251) 980-1565
Hamilton Hudson Mortgage
24039 Perdido Beach Blvd
Orange Beach AL 36559
(251) 974-3245
islandretreat@gulftel.com
Supreme Lending Orange Beach
25910 Canal Rd
Orange Beach AL 36559
(251) 298-5317
Address
4100 Orange Beach Blvd
Orange Beach AL
Contact
(251) 981-1189
http://regions.com/mortgage.rf
Address
27267 Perdido Beach Blvd
Orange Beach AL
Contact
(251) 974-3520
patti@sanroccay.com
Address
24695 Canal Rd
Orange Beach AL
Contact
(251) 980-1565