Compare Today’s Mortgage Rates for Montrose, Alabama

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Montrose, Alabama 36559. 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 $3,128 or $9 / month in Montrose and surrounding areas of Washington 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 Montrose, Alabama 36559.

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Summary of Average Mortgage Terms in Montrose, Alabama 36559

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 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 2012 - 2019

We have compiled mortgage rate charts for home loans in Montrose, Alabama and around Washington 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

News on Mortgages and Reverse Mortgages for Montrose, Alabama 36559