Compare Today’s Refinance Rates for Addison, Alabama 35540
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Addison, Alabama 35540.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Addison, Alabama 35540. For 30-year amortization refinancing, you can expect lifetime cash savings of $5,436 or $15 per month in Addison and other parts of Winston county.
Summary of Average Refinances in Addison, Alabama 35540
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Interactive Refinance Rate Projections for Addison, Alabama 35540
Pureloan has developed an interactive chart to monitor the five largest local lenders in Addison, AL 35540, for refinancing and cash-out. The chart features historical rates, which are based on completed refinancings, and projections, which are based on proprietary modeling.
Historical Refinance Rates in Addison, Alabama 35540 from 2024 - 2016
The following historical data provides insights into refinancing trends in Addison, Alabama and the surrounding Winston county, based on factors such as loan type, credit score, LTV, and other parameters. This data is derived from actual closed home refinancings.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|---|---|---|
% 30 year fixed refinance | 80.00% | 64.79% | 61.47% | 48.18% | 66.67% | 65.31% | 63.38% | 53.97% | 58.82% |
avg refi rate | 6.78% | 4.10% | 2.92% | 3.26% | 4.16% | 4.48% | 3.94% | 3.94% | 4.07% |
% 15 year fixed refinance | 20.00% | 25.35% | 21.21% | 38.64% | 21.43% | 20.41% | 26.76% | 28.57% | 27.45% |
avg refi rate | 4.99% | 2.81% | 2.50% | 2.77% | 3.53% | 3.91% | 3.30% | 3.30% | 3.17% |
Avg credit score | 731.40 | 741.31 | 749.16 | 752.38 | 740.43 | 738.35 | 744.42 | 744.33 | 744.59 |
Avg LTV (loan to value) | 73.20% | 65.55% | 70.67% | 69.65% | 69.02% | 75.94% | 74.48% | 73.97% | 75.35% |
Avg DTI (debt to income) | 39.60 | 30.41 | 31.09 | 30.05 | 32.07 | 31.76 | 32.96 | 30.38 | 31.22 |
Avg refinance insurance % | 6.00% | 3.17% | 4.25% | 3.06% | 5.40% | 6.45% | 6.97% | 6.57% | 6.86% |
Best Refinance Brokers around Addison, Alabama 35540
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Addison, Alabama 35540, we have compiled a list of top refinance brokers to assist you in the process.
Tammy Burton
MORTGAGE BANKING OFFICER
607 Highway 78 E
Jasper, AL 35540
(205) 295-0033
tburton@bankofwalkercounty.com
Karla Williams
LOAN PROCESSER
607 Highway 78 E
Jasper, AL 35540
(205) 295-0033
kwilliams@bankofwalkercounty.com
Leigh Stewart
Residential Mortgage
130 2Nd Ave Sw
Hamilton, AL 35540
lstewart@goprime.com
Jerromy Downey
Branch Manager
130 2Nd Ave Sw
Hamilton, AL 35540
(205) 495-0313
jdowney@goprime.com
Address
607 Highway 78 E
Jasper, AL
Contact
(205) 295-0033
Fax (301) 639-0804
tburton@bankofwalkercounty.com
Address
607 Highway 78 E
Jasper, AL
Contact
(205) 295-0033
Fax (301) 639-0804
kwilliams@bankofwalkercounty.com
Address
130 2Nd Ave Sw
Hamilton, AL
Contact
Fax (301) 639-0804
lstewart@goprime.com