Compare Today’s Refinance Rates for Alabaster, Alabama

Our search engine analyzes refinance lenders to give you the best real-time home refi rates for Alabaster, Alabama 35007. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing, expect lifetime cash savings are $8,263 or $23 / month in Alabaster and other areas of Shelby county.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Alabaster, Alabama 35007.

No suitable program is found

Summary of Average Refinance Terms in Alabaster, Alabama 35007

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive and Personalized Mortage Rates Analysis

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Alabaster, AL 35007, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Refinance Rates for Alabaster, Alabama 35007 from 2012 - 2019

Below are historical data on refinancing in Alabaster, Alabama and around Shelby county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 54.03% 43.34% 43.90% 54.33% 65.18% 58.36% 62.61% 59.56%
avg refi rate 4.83% 4.56% 3.94% 3.77% 4.51% 4.15% 4.00% 4.05%
% 15 year fixed refinance 30.07% 35.13% 40.14% 35.10% 24.55% 30.60% 26.63% 25.00%
avg refi rate 4.24% 3.76% 3.23% 2.98% 3.57% 3.30% 3.18% 3.16%
Avg credit score 760.17 757.71 765.45 760.44 742.73 754.73 750.03 750.31
Avg LTV (loan to value) 68.68% 69.56% 69.42% 71.06% 75.40% 76.08% 75.61% 73.55%
Avg DTI (debt to income) 30.95 30.19 28.94 30.14 30.69 31.45 31.90 32.15
Avg refinance insurance % 2.08% 2.96% 3.66% 4.36% 6.96% 8.09% 6.44% 5.97%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Alabaster, Alabama 35007

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Alabaster, Alabama 35007, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Penny Fagan

Loan Officer

20 S Main St

Arab, AL 35007

(256) 931-4622

pfagan@citizensbanktrust.com

Melissa DeCarlo

Mortgage Loan Originator

200 Aliant Parkway

Alexander City, AL 35007

(205) 823-1727

mmorse@aliantbank.com

Scott Blake

Senior Mortgage Banker

1995 Cherokee Road

Alexander City, AL 35007

(205) 678-2080

sblake@renasant.com

Chasity Robertson

Lender

1710 Cherokee Ave SW

Cullman, AL 35007

(256) 255-2000

chasityr@eva-bank.com

Kerry Neighbors

Lender

1710 Cherokee Ave SW

Cullman, AL 35007

(256) 255-2000

kerryn@eva-bank.com

Address

20 S Main St

Arab, AL

Contact

(256) 931-4622

Fax (301) 639-0804

pfagan@citizensbanktrust.com

Address

200 Aliant Parkway

Alexander City, AL

Contact

(205) 823-1727

Fax (301) 639-0804

mmorse@aliantbank.com

Address

1995 Cherokee Road

Alexander City, AL

Contact

(205) 678-2080

Fax (301) 639-0804

sblake@renasant.com

Refinancing News for Alabaster, Alabama 35007