Compare Today’s Mortgage Rates for Troy, Alabama
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Troy, Alabama 36081. 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 $6,869 or $19 / month in Troy and other areas of Pike county.
Our search engine explores all home mortgage options in Troy, Alabama 36081, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Troy, Alabama 36081
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Troy, AL
To forecast and predict mortgage rates in Troy, AL 36081, 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 Troy, Alabama 36081 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Troy, Alabama and around Pike 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 Troy, Alabama 36081
If you’re looking to buy a new home in Troy, we have compiled a list of the leading mortgage brokers around Troy, Alabama 36081 to help you with your search.
Name
Address
Contact
Troy Loan Service
1000 Hunters Mountain Pkwy
Troy AL 36081
(334) 566-6672
Home Town Credit
119 Southland Vlg
Troy AL 36081
(334) 670-0021
Check 'n Go
1320 S Brundidge St
Troy AL 36081
(334) 807-0500
http://www.checkngo.com/
Covington Credit Corporation
1111 Highway 231 S
Troy AL 36081
(334) 566-3165
World Finance
109 Highway 231 S
Troy AL 36081
(334) 566-7443
http://www.worldfinance.com/
Address
1000 Hunters Mountain Pkwy
Troy AL
Contact
(334) 566-6672
Address
119 Southland Vlg
Troy AL
Contact
(334) 670-0021
Address
1320 S Brundidge St
Troy AL
Contact
(334) 807-0500
http://www.checkngo.com/