Compare Today’s Mortgage Rates for Opelika, Alabama
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Opelika, Alabama 36802. 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 $8,323 or $23 / month in Opelika and other areas of Lee county.
Our search engine explores all home mortgage options in Opelika, Alabama 36802, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Opelika, Alabama 36802
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Opelika, AL
To forecast and predict mortgage rates in Opelika, AL 36802, 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 36802 from 2013 - 2020
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 36802
If you’re looking to buy a new home in Opelika, we have compiled a list of the leading mortgage brokers around Opelika, Alabama 36802 to help you with your search.
Name
Address
Contact
Allied Home Mortgage
2101 Executive Park Dr
Opelika AL 36802
(334) 737-0971
Us Title Pawn
1906 Pepperell Pkwy
Opelika AL 36802
(334) 749-4300
Great American
1622 Pepperell Pkwy
Opelika AL 36802
(334) 737-0070
VIP Financial Services
500 26th St
Opelika AL 36802
(334) 737-6767
Express Loans Co.
1515 2nd Ave
Opelika AL 36802
(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