Compare Today’s Refinance Rates for Birmingham, Alabama

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Birmingham, Alabama 35299. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Birmingham and surrounding areas of Bibb county, your expected lifetime cash savings are $4,387 or $12 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Birmingham, Alabama 35299.

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Summary of Average Refinance Terms in Birmingham, Alabama 35299

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 Birmingham, AL 35299, 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 Birmingham, Alabama 35299 from 2012 - 2019

Below are historical data on refinancing in Birmingham, Alabama and around Bibb 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 56.28% 51.58% 42.72% 54.92% 59.49% 59.26% 53.29% 62.00%
avg refi rate 4.78% 4.47% 3.78% 3.73% 4.45% 4.09% 3.87% 3.98%
% 15 year fixed refinance 29.44% 37.89% 45.07% 34.09% 31.65% 26.67% 37.50% 26.00%
avg refi rate 4.20% 3.71% 3.23% 2.94% 3.49% 3.19% 3.07% 3.32%
Avg credit score 763.08 761.78 766.51 758.02 750.81 758.30 760.34 744.68
Avg LTV (loan to value) 65.16% 66.05% 68.24% 69.77% 72.24% 74.77% 73.84% 70.28%
Avg DTI (debt to income) 28.25 28.83 26.86 27.05 28.78 29.62 27.33 32.16
Avg refinance insurance % 1.76% 1.92% 3.38% 5.01% 5.68% 6.69% 6.51% 4.64%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Birmingham, Alabama 35299

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Birmingham, Alabama 35299, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Troy Turnage

Branch Manager

26148 Capital Dr., Ste. J

Birmingham, AL 35299

(251) 270-2751

troy.turnage@gatewayloan.com

Kristie Trizzino

Loan Originator

26148 Capital Dr., Ste. J

Birmingham, AL 35299

(251) 270-2751

kristie.trizzino@gatewayloan.com

Stephen-Michael Washington

Loan Officer

3500 Blue Lake Drive Suite 325

Birmingham, AL 35299

(866) 342-5178

swashington@firstbankonline.com

Misty Sizemore

Loan Officer

3500 Blue Lake Drive Suite 325

Birmingham, AL 35299

(205) 903-9898

msizemore@firstbankonline.com

Lisa Newton

Loan Officer

3500 Blue Lake Drive Suite 325

Birmingham, AL 35299

(205) 527-2364

lnewton@firstbankonline.com

Address

26148 Capital Dr., Ste. J

Birmingham, AL

Contact

(251) 270-2751

Fax (301) 639-0804

troy.turnage@gatewayloan.com

Address

26148 Capital Dr., Ste. J

Birmingham, AL

Contact

(251) 270-2751

Fax (301) 639-0804

kristie.trizzino@gatewayloan.com

Address

3500 Blue Lake Drive Suite 325

Birmingham, AL

Contact

(866) 342-5178

Fax (301) 639-0804

swashington@firstbankonline.com

Refinancing News for Birmingham, Alabama 35299