Compare Today’s Mortgage Rates for Muscle Shoals, Alabama

Pureloan searches mortgage lenders and major banks in Muscle Shoals, Alabama 35662 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 $2,843 or $8 / month is expected in Muscle Shoals and other areas of Colbert county.

Pureloan’s search engine explores all home mortgage options in Muscle Shoals, Alabama 35662, 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 Muscle Shoals, Alabama 35662

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 Muscle Shoals, AL 35662, 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 Muscle Shoals, Alabama 35662 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Muscle Shoals, Alabama and around Colbert 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 85.43% 79.88% 81.18% 87.12% 85.10% 88.33% 84.52% 85.62%
avg mortgage rate 4.79% 4.55% 3.83% 3.88% 4.38% 4.05% 3.93% 4.12%
% 15 year fixed mortgage 12.15% 17.16% 16.13% 11.86% 12.12% 10.76% 13.31% 11.64%
avg mortgage rate 4.20% 3.68% 3.17% 3.14% 3.42% 3.23% 3.00% 3.21%
Avg credit score 763.45 760.86 760.60 758.87 758.55 757.00 756.20 757.18
Avg LTV (loan to value) 76.83% 78.95% 82.17% 82.45% 83.17% 84.08% 84.13% 83.59%
Avg DTI (debt to income) 30.24 30.25 27.92 27.95 29.60 29.11 29.56 31.08
% First time homebuyer 26.72% 31.36% 28.49% 31.86% 23.74% 27.46% 26.01% 23.97%
Avg mortgage insurance % 4.95% 6.63% 10.92% 11.53% 12.39% 13.58% 13.96% 14.27%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Muscle Shoals, Alabama 35662

If you’re looking to buy a new home in Muscle Shoals, we have compiled a list of the leading mortgage brokers around Muscle Shoals, Alabama 35662 to help you with your search.

Name
Address
Contact

Covington Credit

320 Avalon Ave

Muscle Shoals AL 35662

(256) 248-8990

Cash Store

2211 Woodward Ave

Muscle Shoals AL 35662

(256) 383-5838

Select Mortgage Professionals

713 Beverly Dr

Muscle Shoals AL 35662

(256) 389-8900

http://www.selecthomeloan.com

CMM Finance

2625 Woodward Ave

Muscle Shoals AL 35662

(256) 383-7082

Walter Mortgage Co.

528 Kelsey Ave

Muscle Shoals AL 35662

(256) 383-9389

http://walterinvestment.com

Address

320 Avalon Ave

Muscle Shoals AL

Contact

(256) 248-8990

Address

2211 Woodward Ave

Muscle Shoals AL

Contact

(256) 383-5838

Address

713 Beverly Dr

Muscle Shoals AL

Contact

(256) 389-8900

http://www.selecthomeloan.com

News on Mortgages and Reverse Mortgages for Muscle Shoals, Alabama 35662