Alabaster, AL Mortgage Rates and Refinance Rates

Mortgages in Alabaster, AL: Find the best Alabaster, AL mortgage rates today from banks and credit unions. When results are displayed for mortgage rates in Alabaster, AL, you can easily sort your search results by lender, rate, APR and points so you can easily compare results. Whether you’re looking for conforming, jumbo, adjustable or interest-only mortgage rates in Alabaster, AL. Another option is searching for Alabaster, AL refinance rates if you're looking to refinance a loan. Best of all you don't have to provide any personal information to see a list of Alabaster, AL mortgage rates or refinance rates.

Search and Compare Alabaster, AL Mortgage Rates & Refinance Rates

Alabaster, Alabama Conforming Mortgage Rates and Refinance Rates

Conforming home mortgage rates in Alabaster, AL are the most popular type of mortgages rates you can find advertised for home buyers in Alabaster, AL. Conforming mortgages, also known as conventional mortgages, are mortgages that meet certain criteria set out by Federal Housing Finance Agency (FHFA). There is a loan limit set for each county in the United States. Higher mortgage loan limits are set for high housing cost areas. Alabaster, AL mortgages that 'conform' to the standards set out by the Federal Housing Finance Agency can be purchased by government sponsored entities (GSE) like Freddie Mac and Fannie Mae. This process guarantees Alabaster, AL banks, mortgage companies and credit unions are able to resell home mortgage loans that they make. This process also makes Alabaster, AL conforming mortgage rates and refi rates lower than Alabaster, AL jumbo mortgage rates and jumbo refinance rates because the GSE's can’t purchase jumbo mortgages that are made by Alabaster, AL home finance companies, credit unions and banks.

Jumbo Mortgage Rates and Refinance Rates in Alabaster, Alabama

Jumbo mortgage rates in Alabaster, AL are advertised for home loans that have a dollar amount that is higher than conventional loan amounts. Jumbo mortgage rates and jumbo refinance rates are always higher than conventional mortgage rates for both fixed mortgage rates in Alabaster, AL and adjustable mortgage rates in Alabaster, AL. Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies in Alabaster, AL make.

Alabaster, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Alabaster, AL fixed rate mortgages are the most common mortgage available to borrowers. With a fixed mortgage the interest rate stays the same for the entire loan period. Fixed mortgages are available in 40 years, 30 years, 20 years, 15 years and 10 years. The longer the mortgage term the lower the monthly mortgage payment will be.

Alabaster, Alabama Adjustable Mortgage Rates

Adjustable Alabaster, AL mortgage rates are fixed for a period of time and then the mortgage rate adjusts every year after. The most common adjustable mortgages terms available in Alabaster, AL are 1 year, 3 year, 5year and 7 year. Adjustable rate mortgages are advertised as 1 year, 3/1, 5/1 and 7/1. Adjustable mortgages are available for conforming dollar amounts and jumbo dollar amounts in Alabaster, AL. Most adjustable mortgages in Alabaster, AL have yearly caps and life time maximum caps on how high the interest rate can fluctuate.

Google Map for Alabaster, AL Rates & Resources

Alabaster FDIC Insured Banks

Bank Name

FDIC Cert Number


Aliant Bank

2773 50 Jinny Gould Drive, Alabaster, AL 35007

RBC Bank (USA)

33184 10745 Highway 119 South, Alabaster, AL 35007

Regions Bank

12368 1235 First Street North, Alabaster, AL 35007

Regions Bank

12368 33 Kent Stone Way, Alabaster, AL 35007

Regions Bank

12368 55 South Colonial Drive, Alabaster, AL 35007

Synovus Bank

873 9331 Highway 119, Alabaster, AL 35007

Wells Fargo Bank, National Association

3511 500 Colonial Promenade Parkway, Alabaster, AL 35007