Compare Today’s Refinance Rates for Bessemer, Alabama

Pureloan analyzes refinance lenders to give you the best real-time home refi rates for Bessemer, Alabama 35022. Search for lower interest rates, cash-out refi, or a home equity loan. For 30-year amortization refinancing in Bessemer and other areas of Jefferson county, expected lifetime cash savings are $3,975 or $11 / month.

For Bessemer, Alabama 35022, Pureloan’s search engine analyzes all refi loan options including positive equity refinancing, short home refinancing, and HELOC.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Bessemer, Alabama 35022

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Bessemer, AL

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Bessemer, AL 35022, 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.

Local Refinance Rates for Bessemer, AL

Refinance Rates for Bessemer, Alabama 35022 from 2013 - 2020

Below are historical data on refinancing in Bessemer, Alabama and around Jefferson 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 Bessemer, Alabama 35022

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Bessemer, Alabama 35022, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Chasity Robertson

Lender

1710 Cherokee Ave SW

Cullman, AL 35022

(256) 255-2000

chasityr@eva-bank.com

Kerry Neighbors

Lender

1710 Cherokee Ave SW

Cullman, AL 35022

(256) 255-2000

kerryn@eva-bank.com

Lynn Day

VP/Branch Manager/ Lender

3210 Alabama Highway 157

Cullman, AL 35022

(256) 737-1655

lynnd@eva-bank.com

Aaron Box

Vice President

1501 Decatur Hwy Ste 101

Gardendale, AL 35022

(205) 631-6562

Aaron@thehutsoncompany.com

Penny Fagan

Loan Officer

20 S Main St

Arab, AL 35022

(256) 931-4622

pfagan@citizensbanktrust.com

Address

1710 Cherokee Ave SW

Cullman, AL

Contact

(256) 255-2000

Fax (301) 639-0804

chasityr@eva-bank.com

Address

1710 Cherokee Ave SW

Cullman, AL

Contact

(256) 255-2000

Fax (301) 639-0804

kerryn@eva-bank.com

Address

3210 Alabama Highway 157

Cullman, AL

Contact

(256) 737-1655

Fax (301) 639-0804

lynnd@eva-bank.com

Refinancing News for Bessemer, Alabama 35022