Compare Today’s Mortgage Rates for Westover, Alabama
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Westover, Alabama 35185. 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 $6,075 or $17 / month in Westover and other areas of Shelby county.
Our search engine explores all home mortgage options in Westover, Alabama 35185, 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 Westover, Alabama 35185
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 Westover, AL 35185, 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 Westover, Alabama 35185 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Westover, Alabama and around Shelby 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 Westover, Alabama 35185
If you’re looking to buy a new home in Westover, we have compiled a list of the leading mortgage brokers around Westover, Alabama 35185 to help you with your search.
Name
Address
Contact
Cash Choice
2412 Green Springs Hwy
Birmingham AL 35185
(205) 945-4950
Regions Mortgage
200 Inverness Center Dr
Birmingham AL 35185
(205) 995-5297
Movement Mortgage
270 Rogers Dr
Birmingham AL 35185
(952) 595-0003
http://movementmortgage.com
TitleMax Title Loans
2424 Green Springs Hwy
Birmingham AL 35185
(205) 290-0545
webinquiries@titlemax.com
Wells Fargo Home Mortgage
210 Wildwood Pkwy
Homewood AL 35185
(205) 290-1374
http://www.wellsfargo.com/mortgage/
Address
2412 Green Springs Hwy
Birmingham AL
Contact
(205) 945-4950
Address
200 Inverness Center Dr
Birmingham AL
Contact
(205) 995-5297
Address
270 Rogers Dr
Birmingham AL
Contact
(952) 595-0003
http://movementmortgage.com