Auburn, AL Mortgage Rates and Refinance Rates

Mortgages in Auburn, AL: Find the best Auburn, AL mortgage rates today from banks and credit unions. When results are displayed for mortgage rates in Auburn, 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 Auburn, AL. Another option is searching for Auburn, 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 Auburn, AL mortgage rates or refinance rates.

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Auburn, Alabama Conforming Mortgage Rates and Refinance Rates

Conforming home mortgage rates in Auburn, AL are the most popular type of mortgages rates you can find advertised for home buyers in Auburn, 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. Auburn, 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 Auburn, AL banks, mortgage companies and credit unions are able to resell home mortgage loans that they make. This process also makes Auburn, AL conforming mortgage rates and refi rates lower than Auburn, AL jumbo mortgage rates and jumbo refinance rates because the GSE's can’t purchase jumbo mortgages that are made by Auburn, AL home finance companies, credit unions and banks.

Jumbo Mortgage Rates and Refinance Rates in Auburn, Alabama

Jumbo mortgage rates in Auburn, 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 Auburn, AL and adjustable mortgage rates in Auburn, AL. Interest rates are higher because third party investors buy the home loans credit unions, banks and mortgage companies in Auburn, AL make.

Auburn, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Auburn, 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.

Auburn, Alabama Adjustable Mortgage Rates

Adjustable Auburn, 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 Auburn, 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 Auburn, AL. Most adjustable mortgages in Auburn, AL have yearly caps and life time maximum caps on how high the interest rate can fluctuate.



Google Map for Auburn, AL Rates & Resources


Auburn FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

AB&T NATIONAL BANK

35029 1943 East Glenn Avenue, Auburn, AL 36830

AuburnBank

35 100 North Gay Street, Auburn, AL 36830

AuburnBank

35 1717 South College, Auburn, AL 36830

AuburnBank

35 2315 Bentcreek Road, Auburn, AL 36830

AuburnBank

35 300 North Dean Road, Auburn, AL 36830

BancorpSouth Bank

11813 807 E Glenn Ave, Auburn, AL 36830

BankTrust

26607 415 North Dead Road, Auburn, AL 36830

Branch Banking and Trust Company

9846 2124 East University Drive, Auburn, AL 36830

Branch Banking and Trust Company

9846 325 North Gay Street, Auburn, AL 36830

Compass Bank

19048 101 South College Street, Auburn, AL 36830

Compass Bank

19048 1433 Opelika Road, Auburn, AL 36830

Frontier Bank

16431 1678 South College Street, Auburn, AL 36830

Keystone Bank

58382 2394 East University Drive, Auburn, AL 36830

MidSouth Bank, N. A.

2777 519 East Glenn Avenue, Auburn, AL 36830

RBC Bank (USA)

33184 1605 South College Street, Auburn, AL 36830

RBC Bank (USA)

33184 2085 East University Drive, Auburn, AL 36830

Regions Bank

12368 200 North College Street, Auburn, AL 36830

Regions Bank

12368 2154 Moores Mill Road, Auburn, AL 36831

Wells Fargo Bank, National Association

3511 2001 University Drive, Auburn, AL 36830

Wells Fargo Bank, National Association

3511 307 North Gay Street, Auburn, AL 36830