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

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


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

News on Mortgages and Reverse Mortgages for Westover, Alabama 35185