Compare Today’s Mortgage Rates for New Hope, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in New Hope, Alabama 35760. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $2,355 or $7 / month in New Hope and other areas of Madison county.

Our search engine explores all home mortgage options in New Hope, Alabama 35760, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

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Summary of Average Mortgage Terms in New Hope, Alabama 35760

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 New Hope, AL 35760, 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 New Hope, Alabama 35760 from 2012 - 2019

We have compiled mortgage rate charts for home loans in New Hope, Alabama and around Madison 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 New Hope, Alabama 35760

If you’re looking to buy a new home in New Hope, we have compiled a list of the leading mortgage brokers around New Hope, Alabama 35760 to help you with your search.

Name
Address
Contact

Superior Bank

10175 Highway 431 S

New Hope AL 35760

(256) 723-4216

http://superiorbank.com

World Finance & Tax Service

201 Veterans Dr

Scottsboro AL 35760

(256) 574-6288

wac200@worldacceptance.net

OneMain Financial

1603 S Broad St

Scottsboro AL 35760

(256) 574-2200

http://branches.onemainfinancial.com/al/scottsboro/1603-south-broad.html

Acceptance Loan Co.

1603 S Broad St

Scottsboro AL 35760

(256) 574-4756

http://acceptanceloan.com/

Regions Mortgage

510 E Laurel St

Scottsboro AL 35760

(256) 575-2203

Address

10175 Highway 431 S

New Hope AL

Contact

(256) 723-4216

http://superiorbank.com

Address

201 Veterans Dr

Scottsboro AL

Contact

(256) 574-6288

wac200@worldacceptance.net

Address

1603 S Broad St

Scottsboro AL

Contact

(256) 574-2200

http://branches.onemainfinancial.com/al/scottsboro/1603-south-broad.html

News on Mortgages and Reverse Mortgages for New Hope, Alabama 35760