Compare Today’s Mortgage Rates for Shannon, Alabama

Pureloan searches mortgage lenders and major banks in Shannon, Alabama 35142 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 $2,193 or $6 / month is expected in Shannon and other areas of Jefferson county.

Pureloan’s search engine explores all home mortgage options in Shannon, Alabama 35142, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Mortgage Terms in Shannon, Alabama 35142

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Shannon, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Shannon, AL 35142, 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.

Local Mortgage Rates for Shannon, AL

Historical Mortgage Rates for Shannon, Alabama 35142 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Shannon, Alabama and around Jefferson 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 Shannon, Alabama 35142

If you’re looking to buy a new home in Shannon, we have compiled a list of the leading mortgage brokers around Shannon, Alabama 35142 to help you with your search.

Name
Address
Contact

Stevews Fast Money Loans

765 Highway 78

Sumiton AL 35142

(205) 255-6282

stevesfastmoneyloans@gmail.com

World Finance

140 Hull Rd

Sumiton AL 35142

(205) 648-8600

Archway Mortgage

6290 US Highway 11

Springville AL 35142

(205) 467-9662

ghutson@archwaymortgage.com

Rbc Bank

6384 US Highway 11

Springville AL 35142

(205) 467-6194

http://www.rbcbankusa.com/

Accent Mortgage

2969 Pelham Pkwy

Pelham AL 35142

(205) 216-0300

http://www.accentmtg.com

Address

765 Highway 78

Sumiton AL

Contact

(205) 255-6282

stevesfastmoneyloans@gmail.com

Address

140 Hull Rd

Sumiton AL

Contact

(205) 648-8600

Address

6290 US Highway 11

Springville AL

Contact

(205) 467-9662

ghutson@archwaymortgage.com

News on Mortgages and Reverse Mortgages for Shannon, Alabama 35142