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

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


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/

News on Mortgages and Reverse Mortgages for Saraland, Alabama 36571