Compare Today’s Mortgage Rates in Smiths Station, Alabama 36877
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Smiths Station, Alabama 36877.
Our search engine thoroughly explores all home mortgage options in Smiths Station, Alabama 36877, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $15,981 in lifetime cash or $44 per month in Smiths Station and other areas of Lee county.
32.520072
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Summary of Average Mortgages in Smiths Station, Alabama 36877
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APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Smiths Station, Alabama 36877
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Smiths Station, AL 36877. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Smiths Station, Alabama 36877 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Smiths Station, Alabama and around Lee county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 91.13% | 90.51% | 92.30% | 90.50% | 87.81% | 90.06% | 89.58% | 88.74% | 86.28% |
| avg mortgage rate | 6.57% | 4.72% | 3.07% | 3.34% | 4.46% | 4.65% | 4.19% | 3.95% | 4.13% |
| % 15 year fixed mortgage | 7.26% | 7.20% | 6.51% | 8.26% | 9.70% | 6.93% | 8.47% | 7.28% | 11.95% |
| avg mortgage rate | 5.72% | 3.54% | 2.44% | 2.99% | 3.83% | 4.13% | 3.31% | 3.13% | 3.27% |
| Avg credit score | 748.69 | 767.84 | 754.08 | 759.42 | 781.43 | 750.45 | 752.97 | 783.08 | 752.89 |
| Avg LTV (loan to value) | 81.91% | 83.20% | 85.56% | 85.67% | 84.75% | 84.09% | 85.02% | 85.38% | 84.22% |
| Avg DTI (debt to income) | 36.88 | 36.02 | 32.09 | 32.39 | 32.47 | 33.12 | 32.45 | 32.85 | 33.08 |
| % First time homebuyer | 32.26% | 29.13% | 28.42% | 28.10% | 26.37% | 28.61% | 25.41% | 22.52% | 25.22% |
| Avg mortgage insurance % | 15.82% | 15.27% | 16.73% | 16.63% | 15.62% | 14.98% | 14.68% | 16.59% | 14.66% |
Best Mortgage Brokers around Smiths Station, Alabama 36877
For those searching for a new home in Smiths Station, we have compiled a list of the top mortgage brokers located in and around Smiths Station, Alabama 36877 to assist you with your search.
Name
Address
Contact
Cash 2 Go
450 N Broad St
York AL 36877
(205) 392-1361
Address
450 N Broad St
York AL
Contact
(205) 392-1361