Compare Today’s Mortgage Rates for Opelika, Alabama
Pureloan searches mortgage lenders and major banks in Opelika, Alabama 36804 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 Opelika and other areas of Lee county.
Pureloan’s search engine explores all home mortgage options in Opelika, Alabama 36804, 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 Opelika, Alabama 36804
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Opelika, AL 36804, 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 Opelika, Alabama 36804 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Opelika, Alabama and around Lee 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 Opelika, Alabama 36804
If you’re looking to buy a new home in Opelika, we have compiled a list of the leading mortgage brokers around Opelika, Alabama 36804 to help you with your search.
Name
Address
Contact
Allied Home Mortgage
2101 Executive Park Dr
Opelika AL 36804
(334) 737-0971
Us Title Pawn
1906 Pepperell Pkwy
Opelika AL 36804
(334) 749-4300
Great American
1622 Pepperell Pkwy
Opelika AL 36804
(334) 737-0070
VIP Financial Services
500 26th St
Opelika AL 36804
(334) 737-6767
Express Loans Co.
1515 2nd Ave
Opelika AL 36804
(334) 741-0060
Address
2101 Executive Park Dr
Opelika AL
Contact
(334) 737-0971
Address
1906 Pepperell Pkwy
Opelika AL
Contact
(334) 749-4300
Address
1622 Pepperell Pkwy
Opelika AL
Contact
(334) 737-0070