Compare Today’s Mortgage Rates in Albany, Kentucky 42602
Pureloan is a mortgage search engine that finds the best mortgage rates from top mortgage lenders and major banks in Albany, Kentucky 42602.
After exploring all the mortgage options such as fixed-rate, ARM, FHA, VA, USDA, conventional, jumbo, and conforming home mortgages, our calculations show you can save up to $6,029 over the lifetime of your 30-year fixed loan, or a monthly savings of $17 in Albany and other areas of Clinton county. Pureloan is designed to help you find the right mortgage for your financial situation with the most competitive rates available.
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Summary of Average Mortgages in Albany, Kentucky 42602
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Albany, Kentucky 42602
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Albany, KY 42602. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Albany, Kentucky 42602 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Albany, Kentucky and around Clinton county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 66.67% | 80.00% | 77.42% | 70.97% | 58.33% | 65.22% | 80.00% | 57.14% | |
| avg mortgage rate | 4.20% | 3.74% | 4.10% | 4.37% | 3.85% | 3.74% | 4.77% | 4.88% | |
| % 15 year fixed mortgage | 20.00% | 20.00% | 16.13% | 16.13% | 27.78% | 34.78% | 15.00% | 32.14% | |
| avg mortgage rate | 2.92% | 3.20% | 3.13% | 3.65% | 3.34% | 2.97% | 4.00% | 4.40% | |
| Avg credit score | 734.53 | 763.52 | 758.58 | 739.00 | 757.83 | 753.57 | 768.45 | 747.46 | |
| Avg LTV (loan to value) | 76.93% | 81.60% | 77.16% | 77.26% | 77.33% | 76.00% | 72.05% | 75.61% | |
| Avg DTI (debt to income) | 29.27 | 28.72 | 28.10 | 29.68 | 29.58 | 28.87 | 26.05 | 28.82 | |
| % First time homebuyer | 13.33% | 12.00% | 41.94% | 25.81% | 11.11% | 17.39% | 5.00% | 14.29% | |
| Avg mortgage insurance % | 2.80% | 7.00% | 4.52% | 4.68% | 3.86% | 2.39% | 2.10% | 0.43% |
Best Mortgage Brokers around Albany, Kentucky 42602
For those searching for a new home in Albany, we have compiled a list of the top mortgage brokers located in and around Albany, Kentucky 42602 to assist you with your search.
Name
Address
Contact
Albany Loan Company
801 Tennessee Rd
Albany KY 42602
(606) 387-4430
http://peoplesbankbyrdstown.com/
Clinton Loan Co.
100 N Washington St
Albany KY 42602
(606) 387-6644
Albany Bancorp
200 S Washington St
Albany KY 42602
(606) 387-6416
http://albanybancorp.com
Albany Loan Company
150 Burkesville Rd
Albany KY 42602
(606) 387-4430
http://peoplesbankbyrdstown.com
Address
801 Tennessee Rd
Albany KY
Contact
(606) 387-4430
http://peoplesbankbyrdstown.com/
Address
100 N Washington St
Albany KY
Contact
(606) 387-6644
Address
200 S Washington St
Albany KY
Contact
(606) 387-6416
http://albanybancorp.com