Compare Today’s Refinance Rates for Chatom, Alabama 36518
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Chatom, Alabama 36518.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $3,009 over the lifetime of your mortgage, which translates to a monthly savings of $8 in Chatom and other areas of Washington 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 Chatom, Alabama 36518
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Interactive Refinance Rate Projections for Chatom, Alabama 36518
Pureloan has developed an interactive chart to monitor the five largest local lenders in Chatom, AL 36518, 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 Chatom, Alabama 36518 from 2024 - 2016
The following historical data provides insights into refinancing trends in Chatom, Alabama and the surrounding Washington 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 | 88.46% | 64.00% | 56.88% | 56.29% | 68.15% | 63.89% | 63.50% | 60.76% | 65.05% |
avg refi rate | 6.30% | 3.89% | 2.98% | 3.26% | 4.27% | 4.60% | 4.14% | 3.95% | 4.09% |
% 15 year fixed refinance | 11.54% | 17.78% | 26.81% | 28.62% | 22.93% | 25.00% | 24.09% | 25.95% | 22.58% |
avg refi rate | 5.92% | 2.65% | 2.46% | 2.78% | 3.83% | 3.91% | 3.31% | 3.23% | 3.41% |
Avg credit score | 751.35 | 744.60 | 750.40 | 756.83 | 748.64 | 733.43 | 743.16 | 752.23 | 748.60 |
Avg LTV (loan to value) | 76.15% | 70.30% | 72.65% | 75.03% | 76.64% | 74.69% | 74.21% | 76.77% | 75.49% |
Avg DTI (debt to income) | 33.77 | 33.00 | 30.92 | 31.19 | 32.73 | 32.86 | 31.63 | 32.32 | 30.75 |
Avg refinance insurance % | 10.12% | 5.09% | 4.62% | 5.83% | 8.77% | 7.06% | 6.70% | 7.52% | 7.48% |
Best Refinance Brokers around Chatom, Alabama 36518
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Chatom, Alabama 36518, we have compiled a list of top refinance brokers to assist you in the process.
Robert Sorrells
Mortgage Banker
26064 Capital Dr Ste B
Daphne, AL 36518
(251) 281-0926
rsorrells@hamiltonmortgage.net
Dana Moss
Mortgage Loan Originator
25366 Profit Drive
Daphne, AL 36518
(251) 316-5449
DLMoss@dhimortgage.com
Heather Gibbs
Mortgage Loan Originator
25366 Profit Drive
Daphne, AL 36518
(251) 316-5446
hkgibbs@dhimortgage.com
Jeff Riekhof
Branch Sales Manager
25366 Profit Drive
Daphne, AL 36518
(251) 316-5447
jariekhof@dhimortgage.com
Sherry Mitchell
Mortgage Loan Originator
25366 Profit Drive
Daphne, AL 36518
(251) 316-5449
SAMitchell@dhimortgage.com
Address
26064 Capital Dr Ste B
Daphne, AL
Contact
(251) 281-0926
Fax (301) 639-0804
rsorrells@hamiltonmortgage.net
Address
25366 Profit Drive
Daphne, AL
Contact
(251) 316-5449
Fax (301) 639-0804
DLMoss@dhimortgage.com
Address
25366 Profit Drive
Daphne, AL
Contact
(251) 316-5446
Fax (301) 639-0804
hkgibbs@dhimortgage.com