Compare Today’s Mortgage Rates for Section, Alabama

Pureloan searches mortgage lenders and major banks in Section, Alabama 35771 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 Section and other areas of Jackson county.

Pureloan’s search engine explores all home mortgage options in Section, Alabama 35771, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

No suitable program is found

Summary of Average Mortgage Terms in Section, Alabama 35771

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 Section, AL 35771, 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 Section, Alabama 35771 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Section, Alabama and around Jackson 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 Section, Alabama 35771

If you’re looking to buy a new home in Section, we have compiled a list of the leading mortgage brokers around Section, Alabama 35771 to help you with your search.

Name
Address
Contact

Network Funding

604 Madison St SE

Huntsville AL 35771

(256) 428-8888

http://nflp.com/huntsville/

Tri-Star Association

604C Madison St SE

Huntsville AL 35771

(256) 428-8888

Acopia Home Loans

120 Holmes Ave NE

Huntsville AL 35771

(256) 517-8998

Menlow Park Funding

502 Cleveland Ave NW

Huntsville AL 35771

(256) 427-5626

First Bank Mortgage Partners

507 Drake Ave SW

Huntsville AL 35771

(256) 539-1559

mortgageinfo@firstbankonline.com

Address

604 Madison St SE

Huntsville AL

Contact

(256) 428-8888

http://nflp.com/huntsville/

Address

604C Madison St SE

Huntsville AL

Contact

(256) 428-8888

Address

120 Holmes Ave NE

Huntsville AL

Contact

(256) 517-8998

News on Mortgages and Reverse Mortgages for Section, Alabama 35771