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 $3,549 or $10 / 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.
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Summary of Average Mortgage Terms in Spruce Pine, Alabama 35585
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
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.
Historical Mortgage Rates for Spruce Pine, Alabama 35585 from 2012 - 2019
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