Compare Today’s Refinance Rates for Vernon, Alabama 35592
Pureloan's advanced engine provides real-time analysis of refinance lenders to find the best home refinance rates available in Vernon, Alabama 35592.
With a 30-year amortization refinance in Vernon and surrounding areas of Lamar county, our calculations show that you can expect to save up to $5,316 over the lifetime of your mortgage, or a monthly savings of $15. Pureloan explores all refinance loan options, including HELOC, short home refinancing, and positive equity refinancing for Vernon, Alabama 35592.
Summary of Average Refinances in Vernon, Alabama 35592
Become a certified mortgage expert on Pureloan.com
in Vernon, Alabama 35592
Reach hundreds of thousands of home buyers and refinance customers every month! FREE APPLICATION
Interactive Refinance Rate Projections for Vernon, Alabama 35592
Pureloan has developed an interactive chart to monitor the five largest local lenders in Vernon, AL 35592, 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 Vernon, Alabama 35592 from 2024 - 2016
The following historical data provides insights into refinancing trends in Vernon, Alabama and the surrounding Lamar 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 | 80.00% | 64.79% | 61.47% | 48.18% | 66.67% | 65.31% | 63.38% | 53.97% | 58.82% |
avg refi rate | 6.78% | 4.10% | 2.92% | 3.26% | 4.16% | 4.48% | 3.94% | 3.94% | 4.07% |
% 15 year fixed refinance | 20.00% | 25.35% | 21.21% | 38.64% | 21.43% | 20.41% | 26.76% | 28.57% | 27.45% |
avg refi rate | 4.99% | 2.81% | 2.50% | 2.77% | 3.53% | 3.91% | 3.30% | 3.30% | 3.17% |
Avg credit score | 731.40 | 741.31 | 749.16 | 752.38 | 740.43 | 738.35 | 744.42 | 744.33 | 744.59 |
Avg LTV (loan to value) | 73.20% | 65.55% | 70.67% | 69.65% | 69.02% | 75.94% | 74.48% | 73.97% | 75.35% |
Avg DTI (debt to income) | 39.60 | 30.41 | 31.09 | 30.05 | 32.07 | 31.76 | 32.96 | 30.38 | 31.22 |
Avg refinance insurance % | 6.00% | 3.17% | 4.25% | 3.06% | 5.40% | 6.45% | 6.97% | 6.57% | 6.86% |
Best Refinance Brokers around Vernon, Alabama 35592
If you are considering refinancing your mortgage or obtaining a cash-out refinance in Vernon, Alabama 35592, we have compiled a list of top refinance brokers to assist you in the process.
Melody Davis
Loan Officer
103 N Court St Ste A
Florence, AL 35592
(256) 760-3570
MDavis@1stfed.com
Dewayne Griffin
Loan Officer
103 N Court St Ste A
Florence, AL 35592
(256) 760-3570
DGriffin@1stfed.com
Daniel Hand
Loan Officer
103 N Court St Ste A
Florence, AL 35592
(256) 760-3570
DHand@1stfed.com
Tamra Stutts
Loan Officer
103 N Court St Ste A
Florence, AL 35592
(256) 760-3570
TStutts@1stfed.com
Brock Tate
Loan Officer
103 N Court St Ste A
Florence, AL 35592
(256) 760-3570
BTate@1stfed.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
Address
103 N Court St Ste A
Florence, AL
Contact
(256) 760-3570
Fax (301) 639-0804
DHand@1stfed.com