Compare Today’s Mortgage Rates for Spanish Fort, Alabama
Pureloan searches mortgage lenders and major banks in Spanish Fort, Alabama 36577 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 $8,729 or $24 / month is expected in Spanish Fort and other areas of Baldwin county.
Pureloan’s search engine explores all home mortgage options in Spanish Fort, Alabama 36577, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Spanish Fort, Alabama 36577
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
To forecast and predict mortgage rates in Spanish Fort, AL 36577, 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 Spanish Fort, Alabama 36577 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Spanish Fort, Alabama and around Baldwin 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 Spanish Fort, Alabama 36577
If you’re looking to buy a new home in Spanish Fort, we have compiled a list of the leading mortgage brokers around Spanish Fort, Alabama 36577 to help you with your search.
Name
Address
Contact
Pen Air Federal Credit Union
6450 US Highway 90
Spanish Fort AL 36577
(251) 621-4087
S W Funding
8531 Spanish Fort Blvd
Spanish Fort AL 36577
(251) 621-2300
Rbc Bank
500 Spanish Fort Blvd
Spanish Fort AL 36577
(251) 626-5572
http://www.rbcbankusa.com
Southchase Mortgage Service
9461 Sweet Gum Ct
Spanish Fort AL 36577
(251) 625-0444
southchasemort@bellsouth.net
Regions Mortgage
30083 Woodrow Ln
Spanish Fort AL 36577
(251) 625-2964
http://regions.com/MORTGAGE.RF
Address
6450 US Highway 90
Spanish Fort AL
Contact
(251) 621-4087
Address
8531 Spanish Fort Blvd
Spanish Fort AL
Contact
(251) 621-2300
Address
500 Spanish Fort Blvd
Spanish Fort AL
Contact
(251) 626-5572
http://www.rbcbankusa.com