Compare Today’s Mortgage Rates for Selma, Alabama
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Selma, Alabama 36703. 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 $1,960 or $5 / month in Selma and other areas of Dallas county.
Our search engine explores all home mortgage options in Selma, Alabama 36703, 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 Selma, Alabama 36703
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Selma, AL 36703, 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 Selma, Alabama 36703 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Selma, Alabama and around Dallas 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 Selma, Alabama 36703
If you’re looking to buy a new home in Selma, we have compiled a list of the leading mortgage brokers around Selma, Alabama 36703 to help you with your search.
Approved Cash Advance
1306 E Highland Ave
Selma AL 36703
(334) 872-2240
http://www.approvedcashadvance.com
Check 'n Go
2414 Kimble Rd
Selma AL 36703
(334) 875-1803
comments@checkngo.com
OneMain Financial
2414 Kimble Rd
Selma AL 36703
(334) 872-0402
http://branches.onemainfinancial.com/al/selma/2414-kimble-road.html
Approved Cash
1306 E Highland Ave
Selma AL 36703
(334) 259-3709
http://approvedcashadvance.com/locations/selma
Covington Credit Loans
1312 E Highland Ave
Selma AL 36703
(334) 872-8040
Address
1306 E Highland Ave
Selma AL
Contact
(334) 872-2240
http://www.approvedcashadvance.com
Address
2414 Kimble Rd
Selma AL
Contact
(334) 875-1803
comments@checkngo.com
Address
2414 Kimble Rd
Selma AL
Contact
(334) 872-0402
http://branches.onemainfinancial.com/al/selma/2414-kimble-road.html