Compare Today’s Mortgage Rates for Red Level, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Red Level, Alabama 36474. 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 $3,025 or $8 / month in Red Level and other areas of Covington county.

Our search engine explores all home mortgage options in Red Level, Alabama 36474, 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 Red Level, Alabama 36474

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 Red Level, AL 36474, 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 Red Level, Alabama 36474 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Red Level, Alabama and around Covington 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 Red Level, Alabama 36474

If you’re looking to buy a new home in Red Level, we have compiled a list of the leading mortgage brokers around Red Level, Alabama 36474 to help you with your search.

Name
Address
Contact

Hamilton Mortgage

2690 S McKenzie St

Foley AL 36474

(251) 952-4663

Mid America Mortgage South Ala

8112 Bay View Dr

Foley AL 36474

(251) 955-2154

Usa Realty

8605 State Highway 59

Foley AL 36474

(251) 943-6560

usarealty@live.com

North American Title Loans

320 N McKenzie St

Foley AL 36474

(251) 943-9000

https://www.northamericantitleloans.net/Locations/ALABAMA/Foley/320-N-McKenzie-St

Quic!oans

1508 S McKenzie St

Foley AL 36474

(251) 971-2111

http://stores.creditcorptitle.com/al/foley/1508-s-mckenzie-street--suite-a-24309.html

Address

2690 S McKenzie St

Foley AL

Contact

(251) 952-4663

Address

8112 Bay View Dr

Foley AL

Contact

(251) 955-2154

Address

8605 State Highway 59

Foley AL

Contact

(251) 943-6560

usarealty@live.com

News on Mortgages and Reverse Mortgages for Red Level, Alabama 36474