Compare Today’s Mortgage Rates for Sheffield, Alabama

Pureloan searches mortgage lenders and major banks in Sheffield, Alabama 35660 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 $2,843 or $8 / month is expected in Sheffield and other areas of Colbert county.

Pureloan’s search engine explores all home mortgage options in Sheffield, Alabama 35660, 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 Sheffield, Alabama 35660

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 Sheffield, AL 35660, 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 Sheffield, Alabama 35660 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Sheffield, Alabama and around Colbert 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 Sheffield, Alabama 35660

If you’re looking to buy a new home in Sheffield, we have compiled a list of the leading mortgage brokers around Sheffield, Alabama 35660 to help you with your search.

Name
Address
Contact

Shoal's Auto Finance

4234 N Jackson Hwy

Sheffield AL 35660

(256) 320-5770

Shook's Easy Financing

832 E 2nd St

Sheffield AL 35660

(256) 978-5016

QC Financial Services

102 Bolton St

Sheffield AL 35660

(256) 381-1994

North American Title Loans

4340 N Jackson Hwy

Sheffield AL 35660

(256) 383-3413

jobs@selectmgmt.com

North American Title Loans

2600 N Jackson Hwy

Sheffield AL 35660

(256) 383-1980

https://www.northamericantitleloans.net/Locations/ALABAMA/Sheffield/2600-Jackson-Hwy

Address

4234 N Jackson Hwy

Sheffield AL

Contact

(256) 320-5770

Address

832 E 2nd St

Sheffield AL

Contact

(256) 978-5016

Address

102 Bolton St

Sheffield AL

Contact

(256) 381-1994

News on Mortgages and Reverse Mortgages for Sheffield, Alabama 35660