Compare Today’s Mortgage Rates for Waverly, Alabama
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Waverly, Alabama 36879. 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 $1,132 or $3 / month in Waverly and other areas of Lee county.
Our search engine explores all home mortgage options in Waverly, Alabama 36879, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
Summary of Average Mortgage Terms in Waverly, Alabama 36879
Rate
APR
Expected Savings
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Total Closing Costs
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Interactive Mortgage Rate Projections for Waverly, AL
To forecast and predict mortgage rates in Waverly, AL 36879, 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 Waverly, Alabama 36879 from 2013 - 2020
We have compiled mortgage rate charts for home loans in Waverly, Alabama and around Lee 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 Waverly, Alabama 36879
If you’re looking to buy a new home in Waverly, we have compiled a list of the leading mortgage brokers around Waverly, Alabama 36879 to help you with your search.
Name
Address
Contact
Cash 2 Go
450 N Broad St
York AL 36879
(205) 392-1361
Address
450 N Broad St
York AL
Contact
(205) 392-1361