Compare Today’s Mortgage Rates for Wilmer, Alabama
Pureloan searches mortgage lenders and major banks in Wilmer, Alabama 36587 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $4,528 or $13 / month is expected in Wilmer and other areas of Mobile county.
Pureloan’s search engine explores all home mortgage options in Wilmer, Alabama 36587, 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 Wilmer, Alabama 36587
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 Wilmer, AL 36587, 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 Wilmer, Alabama 36587 from 2012 - 2019
We have compiled mortgage rate charts for home loans in Wilmer, Alabama and around Mobile 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 Wilmer, Alabama 36587
If you’re looking to buy a new home in Wilmer, we have compiled a list of the leading mortgage brokers around Wilmer, Alabama 36587 to help you with your search.
Name
Address
Contact
American Family Funds
3720 Airport Blvd
Mobile AL 36587
(251) 344-1084
http://americanfamilyfunds.com
Pennstar Financial
2 Office Park
Mobile AL 36587
(251) 338-2729
A.G. Edwards
1141 Montlimar Dr
Mobile AL 36587
(251) 460-2855
http://www.agedwards.com/
Bay Mortgage Corporation
6001 Grelot Rd
Mobile AL 36587
(251) 460-4103
Hhp Mortgage
5225 Cottage Hill Rd
Mobile AL 36587
(251) 661-2080
Address
3720 Airport Blvd
Mobile AL
Contact
(251) 344-1084
http://americanfamilyfunds.com
Address
2 Office Park
Mobile AL
Contact
(251) 338-2729
Address
1141 Montlimar Dr
Mobile AL
Contact
(251) 460-2855
http://www.agedwards.com/