Compare Today’s Mortgage Rates in Steele, Alabama 35987
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Steele, Alabama 35987.
Our search engine thoroughly explores all home mortgage options in Steele, Alabama 35987, 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 $7,077 in lifetime cash or $20 per month in Steele and other areas of Saint Clair county.
Summary of Average Mortgages in Steele, Alabama 35987
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Interactive Mortgage Rate Projections for Steele, Alabama 35987
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Steele, AL 35987. 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 Steele, Alabama 35987 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Steele, Alabama and around Saint Clair 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 | 92.31% | 91.17% | 91.81% | 86.90% | 88.89% | 88.89% | 83.33% | 85.29% | 84.90% |
avg mortgage rate | 6.58% | 4.61% | 3.04% | 3.37% | 4.38% | 4.66% | 4.19% | 3.91% | 4.08% |
% 15 year fixed mortgage | 5.38% | 7.60% | 7.32% | 10.70% | 8.64% | 7.94% | 13.73% | 12.94% | 11.98% |
avg mortgage rate | 5.75% | 3.88% | 2.45% | 2.93% | 4.00% | 4.11% | 3.50% | 3.09% | 3.10% |
Avg credit score | 742.64 | 746.46 | 749.63 | 752.54 | 751.49 | 750.01 | 744.08 | 749.19 | 754.43 |
Avg LTV (loan to value) | 81.18% | 82.18% | 83.11% | 83.04% | 84.68% | 82.53% | 83.70% | 84.61% | 83.52% |
Avg DTI (debt to income) | 37.25 | 34.32 | 32.80 | 32.83 | 32.12 | 33.66 | 33.30 | 31.22 | 31.10 |
% First time homebuyer | 36.92% | 31.62% | 28.75% | 23.58% | 27.16% | 24.21% | 24.02% | 15.88% | 21.35% |
Avg mortgage insurance % | 13.73% | 13.44% | 14.58% | 14.22% | 15.39% | 13.70% | 14.21% | 14.26% | 13.07% |
Best Mortgage Brokers around Steele, Alabama 35987
For those searching for a new home in Steele, we have compiled a list of the top mortgage brokers located in and around Steele, Alabama 35987 to assist you with your search.
Title Cash
1334 S Brundidge St
Troy AL 35987
(334) 808-9033
contactus@titlecash.com
1st Franklin Financial
1113 Highway 231 S
Troy AL 35987
(334) 566-9866
bcheek3@1ffc.com
TitleMax Title Loans
1211 Highway 231 S
Troy AL 35987
(334) 566-8644
webinquiries@titlemax.com
Local Finance
112 N 3 Notch St
Troy AL 35987
(334) 808-9494
http://www.localfinance.com/
Alabama Title Loans
1104 Highway 231 S
Troy AL 35987
(334) 635-9971
http://www.alabamatitleloansinc.com/
Address
1334 S Brundidge St
Troy AL
Contact
(334) 808-9033
contactus@titlecash.com
Address
1113 Highway 231 S
Troy AL
Contact
(334) 566-9866
bcheek3@1ffc.com
Address
1211 Highway 231 S
Troy AL
Contact
(334) 566-8644
webinquiries@titlemax.com