Compare Today’s Refinance Rates for Falkville, Alabama 35622
Pureloan's search engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Falkville, Alabama 35622.
Our analysis indicates that for 30-year amortization refinancing, you can expect to save up to $4,720 over the lifetime of your mortgage, which translates to a monthly savings of $13 in Falkville and other areas of Morgan county. We analyze all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing, to provide you with the most suitable options for your financial situation.
Summary of Average Refinances in Falkville, Alabama 35622
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Interactive Refinance Rate Projections for Falkville, Alabama 35622
Pureloan has developed an interactive chart to monitor the five largest local lenders in Falkville, AL 35622, 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 Falkville, Alabama 35622 from 2024 - 2016
The following historical data provides insights into refinancing trends in Falkville, Alabama and the surrounding Morgan 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 | 80.95% | 64.71% | 59.38% | 52.59% | 65.45% | 76.11% | 65.47% | 56.64% | 57.27% |
avg refi rate | 6.19% | 3.81% | 2.91% | 3.16% | 4.25% | 4.50% | 4.04% | 3.87% | 4.08% |
% 15 year fixed refinance | 19.05% | 21.11% | 24.43% | 30.91% | 24.09% | 17.78% | 25.11% | 31.42% | 33.64% |
avg refi rate | 5.77% | 2.88% | 2.43% | 2.69% | 3.75% | 3.88% | 3.34% | 3.13% | 3.24% |
Avg credit score | 748.67 | 741.20 | 748.43 | 755.11 | 743.69 | 745.85 | 747.27 | 748.12 | 751.45 |
Avg LTV (loan to value) | 66.38% | 63.39% | 69.07% | 71.88% | 73.09% | 76.17% | 73.33% | 70.95% | 73.29% |
Avg DTI (debt to income) | 32.10 | 30.82 | 30.01 | 29.87 | 31.76 | 32.30 | 31.20 | 30.51 | 30.28 |
Avg refinance insurance % | 3.43% | 2.35% | 2.83% | 4.82% | 6.40% | 6.31% | 5.01% | 4.87% | 5.49% |
Best Refinance Brokers around Falkville, Alabama 35622
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Falkville, Alabama 35622, we have compiled a list of top refinance brokers to assist you in the process.
Richard George
Branch Manager/Lender
4113 Eva Rd
Eva, AL 35622
(256) 796-2201
richardg@eva-bank.com
Melody Davis
Loan Officer
103 N Court St Ste A
Florence, AL 35622
(256) 760-3570
MDavis@1stfed.com
Dewayne Griffin
Loan Officer
103 N Court St Ste A
Florence, AL 35622
(256) 760-3570
DGriffin@1stfed.com
Daniel Hand
Loan Officer
103 N Court St Ste A
Florence, AL 35622
(256) 760-3570
DHand@1stfed.com
Tamra Stutts
Loan Officer
103 N Court St Ste A
Florence, AL 35622
(256) 760-3570
TStutts@1stfed.com
Address
4113 Eva Rd
Eva, AL
Contact
(256) 796-2201
Fax (301) 639-0804
richardg@eva-bank.com
Address
103 N Court St Ste A
Florence, AL
Contact
(256) 760-3570
Fax (301) 639-0804
MDavis@1stfed.com
Address
103 N Court St Ste A
Florence, AL
Contact
(256) 760-3570
Fax (301) 639-0804
DGriffin@1stfed.com