Decatur, AL Mortgage Rates and Refinance Rates

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

Search and Compare Decatur, AL Mortgage Rates & Refinance Rates



Decatur, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Decatur, Alabama

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

Decatur, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Decatur, 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.

Decatur, Alabama Adjustable Mortgage Rates

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



Google Map for Decatur, AL Rates & Resources


Decatur FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Bank Independent

16604 102 Second Avenue Southeast, Decatur, AL 35601

Bank Independent

16604 1425 Beltline Road Sw, Decatur, AL 35603

Bank Independent

16604 2606 Hwy 31, Decatur, AL 35603

CB&S Bank, Inc.

15310 1825 Beltline Road, Sw, Decatur, AL 35601

Compass Bank

19048 1600 Sixth Avenue, Southeast, Decatur, AL 35601

Compass Bank

19048 2009-C Beltline Road Southwest, Decatur, AL 35601

Compass Bank

19048 404 Well Street Northeast, Decatur, AL 35601

Peoples Bank of Alabama

22537 1737 6th Avenue, Se, Decatur, AL 35601

Peoples Bank of Alabama

22537 303 Beltline Place Sw, Suite E, Decatur, AL 35603

Peoples Bank of Alabama

22537 401 Lee Street Ne, Decatur, AL 35601

Progress Bank and Trust

58719 255 Grant Street, Decatur, AL 35601

RBC Bank (USA)

33184 1715 Beltline Road, Southwest, Decatur, AL 35603

RBC Bank (USA)

33184 2004 Sixth Avenue, Southeast, Decatur, AL 35601

RBC Bank (USA)

33184 251 Johnston Street, S. E., Decatur, AL 35601

Regions Bank

12368 1209 Point Mallard Pkwy, Decatur, AL 35601

Regions Bank

12368 1833 Beltline Highway, Decatur, AL 35603

Regions Bank

12368 401 Lee Street Ne, Decatur, AL 35602

Regions Bank

12368 464 Highway 67 South, Decatur, AL 35603

Renasant Bank

12437 1309 Stratford Road, Southeast, Decatur, AL 35601

Renasant Bank

12437 1830 Modaus Road, Decatur, AL 35603

Renasant Bank

12437 211 Lee Street, N.E., Decatur, AL 35601

Wells Fargo Bank, National Association

3511 254 East Moulton Street, Decatur, AL 35601

Wells Fargo Bank, National Association

3511 922 Beltline Rd, Decatur, AL 35601