Compare Today’s Mortgage Rates for New Market, Alabama
Pureloan searches mortgage lenders and major banks in New Market, Alabama 35761 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 $5,755 or $16 / month is expected in New Market and other areas of Madison county.
Pureloan’s search engine explores all home mortgage options in New Market, Alabama 35761, 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 Market, Alabama 35761
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in New Market, AL 35761, 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 Market, Alabama 35761 from 2012 - 2019
We have compiled mortgage rate charts for home loans in New Market, 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 Market, Alabama 35761
If you’re looking to buy a new home in New Market, we have compiled a list of the leading mortgage brokers around New Market, Alabama 35761 to help you with your search.
World Finance & Tax Service
201 Veterans Dr
Scottsboro AL 35761
(256) 574-6288
wac200@worldacceptance.net
OneMain Financial
1603 S Broad St
Scottsboro AL 35761
(256) 574-2200
http://branches.onemainfinancial.com/al/scottsboro/1603-south-broad.html
Acceptance Loan Co.
1603 S Broad St
Scottsboro AL 35761
(256) 574-4756
http://acceptanceloan.com/
Regions Mortgage
510 E Laurel St
Scottsboro AL 35761
(256) 575-2203
3 D Financial
413 S Broad St
Scottsboro AL 35761
(256) 259-2240
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
Address
1603 S Broad St
Scottsboro AL
Contact
(256) 574-4756
http://acceptanceloan.com/