Compare Today’s Refinance Rates for Columbiana, Alabama 35051
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Columbiana, Alabama 35051.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Columbiana, Alabama 35051. For 30-year amortization refinancing, you can expect lifetime cash savings of $9,176 or $25 per month in Columbiana and other parts of Shelby county.
Summary of Average Refinances in Columbiana, Alabama 35051
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Interactive Refinance Rate Projections for Columbiana, Alabama 35051
Pureloan has developed an interactive chart to monitor the five largest local lenders in Columbiana, AL 35051, 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 Columbiana, Alabama 35051 from 2024 - 2016
The following historical data provides insights into refinancing trends in Columbiana, Alabama and the surrounding Shelby 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 | 90.91% | 61.94% | 62.84% | 59.66% | 64.62% | 71.19% | 60.58% | 64.49% | 61.28% |
| avg refi rate | 6.17% | 3.76% | 3.00% | 3.26% | 4.26% | 4.60% | 4.15% | 4.02% | 4.15% |
| % 15 year fixed refinance | 22.70% | 22.01% | 24.61% | 20.22% | 23.73% | 25.73% | 26.17% | 28.20% | |
| avg refi rate | 2.88% | 2.47% | 2.79% | 3.67% | 4.17% | 3.32% | 3.20% | 3.33% | |
| Avg credit score | 740.09 | 731.74 | 746.83 | 754.04 | 747.62 | 742.98 | 744.73 | 749.81 | 753.51 |
| Avg LTV (loan to value) | 62.05% | 65.29% | 70.84% | 74.29% | 73.25% | 74.81% | 73.41% | 76.66% | 76.26% |
| Avg DTI (debt to income) | 33.77 | 32.71 | 31.12 | 30.93 | 32.73 | 32.99 | 32.17 | 31.71 | 31.30 |
| Avg refinance insurance % | 1.64% | 1.37% | 3.31% | 5.37% | 5.29% | 6.66% | 5.98% | 6.89% | 8.25% |
Best Refinance Brokers around Columbiana, Alabama 35051
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Columbiana, Alabama 35051, we have compiled a list of top refinance brokers to assist you in the process.
Chasity Robertson
Lender
1710 Cherokee Ave SW
Cullman, AL 35051
(256) 255-2000
chasityr@eva-bank.com
Kerry Neighbors
Lender
1710 Cherokee Ave SW
Cullman, AL 35051
(256) 255-2000
kerryn@eva-bank.com
Lynn Day
VP/Branch Manager/ Lender
3210 Alabama Highway 157
Cullman, AL 35051
(256) 737-1655
lynnd@eva-bank.com
Stephen McRea
VP/Lender
Second Floor 3210 Alabama Highway 157
Cullman, Al 35051
(256) 737-1988
stephenm@eva-bank.com
Justin Drake
Mortgage Consultant
4760 Eastern Valley Rd Ste 126
Mc Calla, AL 35051
(205) 445-1480
justin.drake@hsl-al.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