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

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


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/

News on Mortgages and Reverse Mortgages for Wilmer, Alabama 36587