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
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Total Closing Costs
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Interactive and Personalized Mortage Rates Analysis
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