Compare Today’s Refinance Rates for Florence, Alabama

Pureloan’s engine analyzes refinance lenders to give you the best real-time home refi rates for Florence, Alabama 35634. Search for cash-out refi, lower interest rates, or a home equity loan. For 30-year amortization refinancing in Florence and surrounding areas of Lauderdale county, your expected lifetime cash savings are $2,031 or $6 / month.

Pureloan analyzes all refinance loan options including HELOC, short home refinancing, and positive equity refinancing for Florence, Alabama 35634.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Florence, Alabama 35634

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Florence, AL

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Florence, AL 35634, 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.

Local Refinance Rates for Florence, AL

Refinance Rates for Florence, Alabama 35634 from 2013 - 2020

Below are historical data on refinancing in Florence, 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 Florence, Alabama 35634

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Florence, Alabama 35634, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Mike Randall

Loan Officer Assistant

103 North Court Street suite A

Florence, AL 35634

mrandall@1stfed.com

Jennifer Royer

Loan Offcier

301 S Court St

Florence, AL 35634

(256) 718-4200

JRoyer@firstsouthern.com

Frank Niedergeses

Loan Offcier

301 S Court St

Florence, AL 35634

(256) 718-4200

FNiedergeses@firstsouthern.com

Dennis Morgan

Loan Offcier

301 S Court St

Florence, AL 35634

(256) 718-4200

DMorgan@firstsouthern.com

Adam McDaniel

Loan Offcier

301 S Court St

Florence, AL 35634

(256) 718-4200

AMcDaniel@firstsouthern.com

Address

103 North Court Street suite A

Florence, AL

Contact

Fax (301) 639-0804

mrandall@1stfed.com

Address

301 S Court St

Florence, AL

Contact

(256) 718-4200

Fax (301) 639-0804

JRoyer@firstsouthern.com

Address

301 S Court St

Florence, AL

Contact

(256) 718-4200

Fax (301) 639-0804

FNiedergeses@firstsouthern.com

Refinancing News for Florence, Alabama 35634