Compare Today’s Mortgage Rates in Rainsville, Alabama 35986
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Rainsville, Alabama 35986.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $5,897 over the lifetime of your 30-year fixed loan, or a monthly savings of $16 in Rainsville and other areas of De Kalb county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Rainsville, Alabama 35986
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Rainsville, Alabama 35986
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Rainsville, AL 35986. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Rainsville, Alabama 35986 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Rainsville, Alabama and around De Kalb county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed mortgage | 92.31% | 91.17% | 91.81% | 86.90% | 88.89% | 88.89% | 83.33% | 85.29% | 84.90% |
avg mortgage rate | 6.58% | 4.61% | 3.04% | 3.37% | 4.38% | 4.66% | 4.19% | 3.91% | 4.08% |
% 15 year fixed mortgage | 5.38% | 7.60% | 7.32% | 10.70% | 8.64% | 7.94% | 13.73% | 12.94% | 11.98% |
avg mortgage rate | 5.75% | 3.88% | 2.45% | 2.93% | 4.00% | 4.11% | 3.50% | 3.09% | 3.10% |
Avg credit score | 742.64 | 746.46 | 749.63 | 752.54 | 751.49 | 750.01 | 744.08 | 749.19 | 754.43 |
Avg LTV (loan to value) | 81.18% | 82.18% | 83.11% | 83.04% | 84.68% | 82.53% | 83.70% | 84.61% | 83.52% |
Avg DTI (debt to income) | 37.25 | 34.32 | 32.80 | 32.83 | 32.12 | 33.66 | 33.30 | 31.22 | 31.10 |
% First time homebuyer | 36.92% | 31.62% | 28.75% | 23.58% | 27.16% | 24.21% | 24.02% | 15.88% | 21.35% |
Avg mortgage insurance % | 13.73% | 13.44% | 14.58% | 14.22% | 15.39% | 13.70% | 14.21% | 14.26% | 13.07% |
Best Mortgage Brokers around Rainsville, Alabama 35986
For those searching for a new home in Rainsville, we have compiled a list of the top mortgage brokers located in and around Rainsville, Alabama 35986 to assist you with your search.
Name
Address
Contact
Rainsville Finance Co.
180 Main St W
Rainsville AL 35986
(256) 638-6375
Cash Advance of Rainsville Local
30 Rains Ave
Rainsville AL 35986
(256) 638-6978
World Finance
485 Main St W
Rainsville AL 35986
(256) 638-1808
http://worldacceptance.com
Title Cash
1334 S Brundidge St
Troy AL 35986
(334) 808-9033
contactus@titlecash.com
1st Franklin Financial
1113 Highway 231 S
Troy AL 35986
(334) 566-9866
bcheek3@1ffc.com
Address
180 Main St W
Rainsville AL
Contact
(256) 638-6375
Address
30 Rains Ave
Rainsville AL
Contact
(256) 638-6978
Address
485 Main St W
Rainsville AL
Contact
(256) 638-1808
http://worldacceptance.com