Compare Today’s Refinance Rates for Hillsboro, Alabama 35643
Pureloan's search engine analyzes refinance lenders to provide you with the best real-time home refinance rates in Hillsboro, Alabama 35643.
Our search engine evaluates all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing in Hillsboro, Alabama 35643. For 30-year amortization refinancing, you can expect lifetime cash savings of $5,604 or $16 per month in Hillsboro and other parts of Lawrence county.
Summary of Average Refinances in Hillsboro, Alabama 35643
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Interactive Refinance Rate Projections for Hillsboro, Alabama 35643
Pureloan has developed an interactive chart to monitor the five largest local lenders in Hillsboro, AL 35643, 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 Hillsboro, Alabama 35643 from 2024 - 2016
The following historical data provides insights into refinancing trends in Hillsboro, Alabama and the surrounding Lawrence 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 Hillsboro, Alabama 35643
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Hillsboro, Alabama 35643, we have compiled a list of top refinance brokers to assist you in the process.
Anna Wilson
Sr. Loan Officer
903 Highway 31
Hartselle, AL 35643
(256) 773-7577
awilson@hmoai.com
Becky Young
Certified Loan Officer
903 Highway 31
Hartselle, AL 35643
(256) 773-7577
byoung@hmoai.com
Debi Bretherick
Loan Officer
1509 Highway 72
Killen, AL 35643
(256) 325-8944
dbretherick@lendtheway.com
Melody Davis
Loan Officer
103 N Court St Ste A
Florence, AL 35643
(256) 760-3570
MDavis@1stfed.com
Dewayne Griffin
Loan Officer
103 N Court St Ste A
Florence, AL 35643
(256) 760-3570
DGriffin@1stfed.com
Address
903 Highway 31
Hartselle, AL
Contact
(256) 773-7577
Fax (301) 639-0804
awilson@hmoai.com
Address
903 Highway 31
Hartselle, AL
Contact
(256) 773-7577
Fax (301) 639-0804
byoung@hmoai.com
Address
1509 Highway 72
Killen, AL
Contact
(256) 325-8944
Fax (301) 639-0804
dbretherick@lendtheway.com