Compare Today’s Refinance Rates for Boaz, Alabama 35956
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Boaz, Alabama 35956.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $5,268 over the lifetime of your mortgage, which translates to a monthly savings of $15 in Boaz and other areas of Etowah county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Boaz, Alabama 35956
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Interactive Refinance Rate Projections for Boaz, Alabama 35956
Pureloan has developed an interactive chart to monitor the five largest local lenders in Boaz, AL 35956, 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 Boaz, Alabama 35956 from 2024 - 2016
The following historical data provides insights into refinancing trends in Boaz, Alabama and the surrounding Etowah 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 | 88.24% | 69.66% | 59.73% | 57.58% | 59.85% | 65.56% | 65.17% | 62.18% | 63.56% |
| avg refi rate | 6.40% | 3.97% | 2.98% | 3.31% | 4.30% | 4.65% | 4.18% | 4.01% | 4.11% |
| % 15 year fixed refinance | 8.82% | 17.42% | 25.55% | 27.04% | 25.55% | 25.56% | 29.21% | 24.37% | 26.27% |
| avg refi rate | 5.54% | 3.17% | 2.44% | 2.78% | 3.78% | 3.84% | 3.42% | 3.16% | 3.37% |
| Avg credit score | 732.74 | 740.43 | 745.28 | 753.51 | 751.45 | 738.66 | 740.34 | 741.42 | 743.11 |
| Avg LTV (loan to value) | 68.79% | 66.94% | 69.19% | 73.56% | 72.71% | 74.30% | 71.49% | 72.91% | 74.35% |
| Avg DTI (debt to income) | 32.88 | 32.49 | 31.52 | 31.25 | 32.36 | 31.97 | 32.81 | 33.03 | 32.21 |
| Avg refinance insurance % | 5.26% | 3.04% | 3.28% | 5.28% | 5.85% | 5.84% | 5.52% | 5.50% | 6.73% |
Best Refinance Brokers around Boaz, Alabama 35956
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Boaz, Alabama 35956, we have compiled a list of top refinance brokers to assist you in the process.
Dale Strickland
Mortgage Banker
702C Commerce Ct
Prattville, AL 35956
(334) 365-5259
dstickland@hamiltonmortgage.net
Caleb Strickland
Mortgage Banker
702C Commerce Ct
Prattville, AL 35956
(334) 365-5259
cstrickland@hamiltonmortgage.net
Ramona Carter
Mortgage Officer
3090 Highway 14 Ste D
Millbrook, AL 35956
(334) 285-8850
rcarter@fcbcamortgage.com
Lennie Ellis
Loan Officer
4336 Us. Hwy. 231
Wetumpka, AL 35956
(334) 567-5656
LEllis@bbandt.com
Kristina Lawhorn
Loan Lender
242 Peace Church Rd
Wetumpka, AL 35956
(334) 567-4223
kristina.lawhorn@htlenders.com
Address
702C Commerce Ct
Prattville, AL
Contact
(334) 365-5259
Fax (301) 639-0804
dstickland@hamiltonmortgage.net
Address
702C Commerce Ct
Prattville, AL
Contact
(334) 365-5259
Fax (301) 639-0804
cstrickland@hamiltonmortgage.net
Address
3090 Highway 14 Ste D
Millbrook, AL
Contact
(334) 285-8850
Fax (301) 639-0804
rcarter@fcbcamortgage.com