Compare Today’s Refinance Rates for Cullman, Alabama 35055
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Cullman, Alabama 35055.
With a 30-year amortization refinance in Cullman and surrounding areas of Cullman county, our calculations show that you can expect to save up to $6,725 over the lifetime of your mortgage, or a monthly savings of $19. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Cullman, Alabama 35055.
Summary of Average Refinances in Cullman, Alabama 35055
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Interactive Refinance Rate Projections for Cullman, Alabama 35055
Pureloan has developed an interactive chart to monitor the five largest local lenders in Cullman, AL 35055, 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 Cullman, Alabama 35055 from 2024 - 2016
The following historical data provides insights into refinancing trends in Cullman, Alabama and the surrounding Cullman 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 Cullman, Alabama 35055
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Cullman, Alabama 35055, we have compiled a list of top refinance brokers to assist you in the process.
Lynn Day
VP/Branch Manager/ Lender
3210 Alabama Highway 157
Cullman, AL 35055
(256) 737-1655
lynnd@eva-bank.com
Kerry Neighbors
Lender
1710 Cherokee Ave SW
Cullman, AL 35055
(256) 255-2000
kerryn@eva-bank.com
Chasity Robertson
Lender
1710 Cherokee Ave SW
Cullman, AL 35055
(256) 255-2000
chasityr@eva-bank.com
Wayne Key
Mortgage Loan Originator
5701 Valley Rd
Fairfield, AL 35055
(205) 391-5527
wayne.key@regions.com
Justin Drake
Mortgage Consultant
4760 Eastern Valley Rd Ste 126
Mc Calla, AL 35055
(205) 445-1480
justin.drake@hsl-al.com
Address
3210 Alabama Highway 157
Cullman, AL
Contact
(256) 737-1655
Fax (301) 639-0804
lynnd@eva-bank.com
Address
1710 Cherokee Ave SW
Cullman, AL
Contact
(256) 255-2000
Fax (301) 639-0804
kerryn@eva-bank.com
Address
1710 Cherokee Ave SW
Cullman, AL
Contact
(256) 255-2000
Fax (301) 639-0804
chasityr@eva-bank.com