Compare Today’s Mortgage Rates for Watson, Alabama
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Watson, Alabama 35181. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $7,982 or $22 / month in Watson and surrounding areas of Jefferson county.
Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Watson, Alabama 35181.
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Summary of Average Mortgage Terms in Watson, Alabama 35181
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 Watson, AL 35181, 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 Watson, Alabama 35181 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Watson, Alabama and around Jefferson 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 Watson, Alabama 35181
If you’re looking to buy a new home in Watson, we have compiled a list of the leading mortgage brokers around Watson, Alabama 35181 to help you with your search.
Name
Address
Contact
Payday USA
419 Caldwell Dr
Warrior AL 35181
(205) 590-4504
Eastern Capital
14212 Highway 61
Wilsonville AL 35181
(205) 669-0111
Cash Choice
2412 Green Springs Hwy
Birmingham AL 35181
(205) 945-4950
Regions Mortgage
200 Inverness Center Dr
Birmingham AL 35181
(205) 995-5297
Movement Mortgage
270 Rogers Dr
Birmingham AL 35181
(952) 595-0003
http://movementmortgage.com
Address
419 Caldwell Dr
Warrior AL
Contact
(205) 590-4504
Address
14212 Highway 61
Wilsonville AL
Contact
(205) 669-0111
Address
2412 Green Springs Hwy
Birmingham AL
Contact
(205) 945-4950