Compare Today’s Refinance Rates for Fairfield, Alabama 35064
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Fairfield, Alabama 35064.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Fairfield, Alabama 35064. For 30-year amortization refinancing, you can expect lifetime cash savings of $3,894 or $11 per month in Fairfield and other parts of Jefferson county.
Summary of Average Refinances in Fairfield, Alabama 35064
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Interactive Refinance Rate Projections for Fairfield, Alabama 35064
Pureloan has developed an interactive chart to monitor the five largest local lenders in Fairfield, AL 35064, 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 Fairfield, Alabama 35064 from 2024 - 2016
The following historical data provides insights into refinancing trends in Fairfield, Alabama and the surrounding Jefferson 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 Fairfield, Alabama 35064
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Fairfield, Alabama 35064, we have compiled a list of top refinance brokers to assist you in the process.
Wayne Key
Mortgage Loan Originator
5701 Valley Rd
Fairfield, AL 35064
(205) 391-5527
wayne.key@regions.com
Justin Drake
Mortgage Consultant
4760 Eastern Valley Rd Ste 126
Mc Calla, AL 35064
(205) 445-1480
justin.drake@hsl-al.com
Keller Mckaig
Mortgage Banker
4643 Camp Coleman Rd Ste 109
Trussville, AL 35064
(205) 655-0202
kmckaig@hamiltonmortgage.net
Pam Kennedy
Loan Specialist
186 Main St
Trussville, AL 35064
(205) 655-7250
pkennedy@faith-mortgage.com
Nan Mullinax
Processing Assistant
186 Main St
Trussville, AL 35064
(205) 655-7250
nan@faith-mortgage.com
Address
5701 Valley Rd
Fairfield, AL
Contact
(205) 391-5527
Fax (301) 639-0804
wayne.key@regions.com
Address
4760 Eastern Valley Rd Ste 126
Mc Calla, AL
Contact
(205) 445-1480
Fax (301) 639-0804
justin.drake@hsl-al.com
Address
4643 Camp Coleman Rd Ste 109
Trussville, AL
Contact
(205) 655-0202
Fax (301) 639-0804
kmckaig@hamiltonmortgage.net