Compare Today’s Refinance Rates for Elrod, Alabama 35458
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Elrod, Alabama 35458.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Elrod, Alabama 35458. For 30-year amortization refinancing, you can expect lifetime cash savings of $5,604 or $16 per month in Elrod and other parts of Tuscaloosa county.
Summary of Average Refinances in Elrod, Alabama 35458
Become a certified mortgage expert on Pureloan.com
in Elrod, Alabama 35458
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Elrod, Alabama 35458
Pureloan has developed an interactive chart to monitor the five largest local lenders in Elrod, AL 35458, 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 Elrod, Alabama 35458 from 2024 - 2016
The following historical data provides insights into refinancing trends in Elrod, Alabama and the surrounding Tuscaloosa 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 | 88.24% | 69.66% | 59.73% | 57.58% | 59.85% | 65.56% | 65.17% | 62.18% | 63.56% |
avg refi rate | 6.40% | 3.97% | 2.98% | 3.31% | 4.30% | 4.65% | 4.18% | 4.01% | 4.11% |
% 15 year fixed refinance | 8.82% | 17.42% | 25.55% | 27.04% | 25.55% | 25.56% | 29.21% | 24.37% | 26.27% |
avg refi rate | 5.54% | 3.17% | 2.44% | 2.78% | 3.78% | 3.84% | 3.42% | 3.16% | 3.37% |
Avg credit score | 732.74 | 740.43 | 745.28 | 753.51 | 751.45 | 738.66 | 740.34 | 741.42 | 743.11 |
Avg LTV (loan to value) | 68.79% | 66.94% | 69.19% | 73.56% | 72.71% | 74.30% | 71.49% | 72.91% | 74.35% |
Avg DTI (debt to income) | 32.88 | 32.49 | 31.52 | 31.25 | 32.36 | 31.97 | 32.81 | 33.03 | 32.21 |
Avg refinance insurance % | 5.26% | 3.04% | 3.28% | 5.28% | 5.85% | 5.84% | 5.52% | 5.50% | 6.73% |
Best Refinance Brokers around Elrod, Alabama 35458
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Elrod, Alabama 35458, we have compiled a list of top refinance brokers to assist you in the process.
Tammy Burton
MORTGAGE BANKING OFFICER
607 Highway 78 E
Jasper, AL 35458
(205) 295-0033
tburton@bankofwalkercounty.com
Karla Williams
LOAN PROCESSER
607 Highway 78 E
Jasper, AL 35458
(205) 295-0033
kwilliams@bankofwalkercounty.com
Leigh Stewart
Residential Mortgage
130 2Nd Ave Sw
Hamilton, AL 35458
lstewart@goprime.com
Jerromy Downey
Branch Manager
130 2Nd Ave Sw
Hamilton, AL 35458
(205) 495-0313
jdowney@goprime.com
Address
607 Highway 78 E
Jasper, AL
Contact
(205) 295-0033
Fax (301) 639-0804
tburton@bankofwalkercounty.com
Address
607 Highway 78 E
Jasper, AL
Contact
(205) 295-0033
Fax (301) 639-0804
kwilliams@bankofwalkercounty.com
Address
130 2Nd Ave Sw
Hamilton, AL
Contact
Fax (301) 639-0804
lstewart@goprime.com