Compare Today’s Mortgage Rates for Rainsville, Alabama
Pureloan searches mortgage lenders and major banks in Rainsville, Alabama 35986 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 $4,576 or $13 / month is expected in Rainsville and other areas of De Kalb county.
Pureloan’s search engine explores all home mortgage options in Rainsville, Alabama 35986, 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 Rainsville, Alabama 35986
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 Rainsville, AL 35986, 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 Rainsville, Alabama 35986 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Rainsville, Alabama and around De Kalb 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 Rainsville, Alabama 35986
If you’re looking to buy a new home in Rainsville, we have compiled a list of the leading mortgage brokers around Rainsville, Alabama 35986 to help 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