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.

No suitable program is found

Summary of Average Mortgage Terms in Opelika, Alabama 36804

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 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

News on Mortgages and Reverse Mortgages for Opelika, Alabama 36804