Compare Today’s Mortgage Rates for Summerdale, Alabama

Pureloan searches mortgage lenders and major banks in Summerdale, Alabama 36580 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 $5,435 or $15 / month is expected in Summerdale and other areas of Baldwin county.

Pureloan’s search engine explores all home mortgage options in Summerdale, Alabama 36580, 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 Summerdale, Alabama 36580

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Summerdale, AL 36580, 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 Summerdale, Alabama 36580 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Summerdale, 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 Summerdale, Alabama 36580

If you’re looking to buy a new home in Summerdale, we have compiled a list of the leading mortgage brokers around Summerdale, Alabama 36580 to help you with your search.

Name
Address
Contact

Title Cash

5864 Highway 90

Theodore AL 36580

(251) 653-7475

contactus@titlecash.com

Joe Thomas Associates

5663 Brandi Dr

Theodore AL 36580

(251) 602-8397

American Family Funds

3720 Airport Blvd

Mobile AL 36580

(251) 344-1084

http://americanfamilyfunds.com

Pennstar Financial

2 Office Park

Mobile AL 36580

(251) 338-2729

A.G. Edwards

1141 Montlimar Dr

Mobile AL 36580

(251) 460-2855

http://www.agedwards.com/

Address

5864 Highway 90

Theodore AL

Contact

(251) 653-7475

contactus@titlecash.com

Address

5663 Brandi Dr

Theodore AL

Contact

(251) 602-8397

Address

3720 Airport Blvd

Mobile AL

Contact

(251) 344-1084

http://americanfamilyfunds.com

News on Mortgages and Reverse Mortgages for Summerdale, Alabama 36580