Compare Today’s Mortgage Rates for Spruce Pine, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Spruce Pine, Alabama 35585. 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 $7,237 or $20 / month in Spruce Pine and other areas of Franklin county.

Our search engine explores all home mortgage options in Spruce Pine, Alabama 35585, 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 Spruce Pine, Alabama 35585

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Spruce Pine, AL

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Spruce Pine, AL 35585, 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 Spruce Pine, AL

Historical Mortgage Rates for Spruce Pine, Alabama 35585 from 2013 - 2020

We have compiled mortgage rate charts for home loans in Spruce Pine, Alabama and around Franklin 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 Spruce Pine, Alabama 35585

If you’re looking to buy a new home in Spruce Pine, we have compiled a list of the leading mortgage brokers around Spruce Pine, Alabama 35585 to help you with your search.

Name
Address
Contact

Mortgage Center

837 US Highway 43

Winfield AL 35585

(205) 487-8075

http://www.themortgagecenterinc.com

Hometown Lenders

1077 US Highway 43

Winfield AL 35585

(205) 487-0622

http://hometownlenders.com

Vernon Finance

124 2nd Ave SW

Vernon AL 35585

(205) 695-0820

Capstone Finance

1815 6th Ave SE

Decatur AL 35585

(256) 308-0035

http://www.capstonedecatur.com

Centerstate Bank

301 S Court St

Florence AL 35585

(256) 718-4200

Address

837 US Highway 43

Winfield AL

Contact

(205) 487-8075

http://www.themortgagecenterinc.com

Address

1077 US Highway 43

Winfield AL

Contact

(205) 487-0622

http://hometownlenders.com

Address

124 2nd Ave SW

Vernon AL

Contact

(205) 695-0820

News on Mortgages and Reverse Mortgages for Spruce Pine, Alabama 35585