Compare Today’s Refinance Rates for Decatur, Alabama

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Decatur, Alabama 35699. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Decatur and surrounding areas of Lauderdale county, your expected lifetime cash savings are $3,205 or $9 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Decatur, Alabama 35699.

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Summary of Average Refinance Terms in Decatur, Alabama 35699

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 Decatur, AL 35699, 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 Decatur, Alabama 35699 from 2012 - 2019

Below are historical data on refinancing in Decatur, Alabama and around Lauderdale 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 Decatur, Alabama 35699

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Decatur, Alabama 35699, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Maria Brown

Mortgage Lenders

1209 Point Mallard Parkway

Decatur, AL 35699

(256) 552-9356

maria.brown@regions.com

Elaine Maxey

Mortgage Banker

1830 Modaus Rd SE

Decatur, AL 35699

(256) 301-6437

emaxey@renasant.com

Brenda Walker

Branch Manager

114 East Moulton St

Decatur, AL 35699

(256) 260-5700

bwalker@hmoai.com

Jenny Parker

Sr. Loan Officer

114 East Moulton St

Decatur, AL 35699

(256) 260-5700

jparker@hmoai.com

Stephen Robbins

Sr. Loan Officer

114 East Moulton St

Decatur, AL 35699

(256) 260-5700

brobbins@hmoai.com

Address

1209 Point Mallard Parkway

Decatur, AL

Contact

(256) 552-9356

Fax (301) 639-0804

maria.brown@regions.com

Address

1830 Modaus Rd SE

Decatur, AL

Contact

(256) 301-6437

Fax (301) 639-0804

emaxey@renasant.com

Address

114 East Moulton St

Decatur, AL

Contact

(256) 260-5700

Fax (301) 639-0804

bwalker@hmoai.com

Refinancing News for Decatur, Alabama 35699