Compare Today’s Mortgage Rates for Saraland, Alabama
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Saraland, Alabama 36571. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $4,644 or $13 / month in Saraland and surrounding areas of Mobile county.
Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Saraland, Alabama 36571.
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Summary of Average Mortgage Terms in Saraland, Alabama 36571
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Saraland, AL 36571, 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 Saraland, Alabama 36571 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Saraland, Alabama and around Mobile 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 Saraland, Alabama 36571
If you’re looking to buy a new home in Saraland, we have compiled a list of the leading mortgage brokers around Saraland, Alabama 36571 to help you with your search.
Name
Address
Contact
Rbc Bank
34 Shelton Beach Rd
Saraland AL 36571
(251) 675-1211
http://www.rbcbankusa.com/
Merchants National Mortgage
802 Saraland Blvd S
Saraland AL 36571
(251) 675-9555
marybuck1@merchantsnationalmortgage.com
Southwest Funding Kathyrn Wheidi
199 Shell Rd
Saraland AL 36571
(251) 679-2007
http://southwestfunding.com/
Merchants Home Mortgage
1908 Lapaz Ave
Saraland AL 36571
(251) 675-9555
Alabama Real Estate Mortgage
429 Saraland Blvd N
Saraland AL 36571
(251) 675-1651
Address
34 Shelton Beach Rd
Saraland AL
Contact
(251) 675-1211
http://www.rbcbankusa.com/
Address
802 Saraland Blvd S
Saraland AL
Contact
(251) 675-9555
marybuck1@merchantsnationalmortgage.com
Address
199 Shell Rd
Saraland AL
Contact
(251) 679-2007
http://southwestfunding.com/