Compare Today’s Mortgage Rates for Vernon, Alabama

Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Vernon, Alabama 35592. 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 $2,843 or $8 / month in Vernon and other areas of Lamar county.

Our search engine explores all home mortgage options in Vernon, Alabama 35592, 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 Vernon, Alabama 35592

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 Vernon, AL 35592, 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 Vernon, Alabama 35592 from 2012 - 2019

We have compiled mortgage rate charts for home loans in Vernon, Alabama and around Lamar 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 Vernon, Alabama 35592

If you’re looking to buy a new home in Vernon, we have compiled a list of the leading mortgage brokers around Vernon, Alabama 35592 to help you with your search.

Name
Address
Contact

Vernon Finance

124 2nd Ave SW

Vernon AL 35592

(205) 695-0820

Mortgage Center

837 US Highway 43

Winfield AL 35592

(205) 487-8075

http://www.themortgagecenterinc.com

Hometown Lenders

1077 US Highway 43

Winfield AL 35592

(205) 487-0622

http://hometownlenders.com

Capstone Finance

1815 6th Ave SE

Decatur AL 35592

(256) 308-0035

http://www.capstonedecatur.com

Centerstate Bank

301 S Court St

Florence AL 35592

(256) 718-4200

Address

124 2nd Ave SW

Vernon AL

Contact

(205) 695-0820

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

News on Mortgages and Reverse Mortgages for Vernon, Alabama 35592