Compare Today’s Refinance Rates for Elberta, Alabama 36530
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Elberta, Alabama 36530.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Elberta, Alabama 36530. For 30-year amortization refinancing, you can expect lifetime cash savings of $4,071 or $11 per month in Elberta and other parts of Baldwin county.
Summary of Average Refinances in Elberta, Alabama 36530
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Interactive Refinance Rate Projections for Elberta, Alabama 36530
Pureloan has developed an interactive chart to monitor the five largest local lenders in Elberta, AL 36530, 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 Elberta, Alabama 36530 from 2024 - 2016
The following historical data provides insights into refinancing trends in Elberta, Alabama and the surrounding Baldwin 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 Elberta, Alabama 36530
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Elberta, Alabama 36530, we have compiled a list of top refinance brokers to assist you in the process.
Brad Moore
Loan Officer
7549 Assunta Ct
Fairhope, AL 36530
(251) 928-2240
bmoore@baymortgage.cc
Judd Basse
Loan Processor
314 E Laurel Ave Ste 4
Foley, AL 36530
(251) 943-2455
Judd@EmeraldCoastMtg.com
Sherry Basse
Loan Processor
314 E Laurel Ave Ste 4
Foley, AL 36530
(251) 943-2455
Sherry@EmeraldCoastMtg.com
Kay Nunnery
Mortgage Production Manager
55 B North Section Street
Fairhope, AL 36530
(256) 235-9356
kay.nunnery@regions.com
Ken Cramton
Branch Manager
915 Plantation Blvd
Fairhope, AL 36530
(251) 990-5897
kcramton@hmoai.com
Address
7549 Assunta Ct
Fairhope, AL
Contact
(251) 928-2240
Fax (301) 639-0804
bmoore@baymortgage.cc
Address
314 E Laurel Ave Ste 4
Foley, AL
Contact
(251) 943-2455
Fax (301) 639-0804
Judd@EmeraldCoastMtg.com
Address
314 E Laurel Ave Ste 4
Foley, AL
Contact
(251) 943-2455
Fax (301) 639-0804
Sherry@EmeraldCoastMtg.com