Fairhope, AL Mortgage Rates and Refinance Rates

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

Search and Compare Fairhope, AL Mortgage Rates & Refinance Rates



Fairhope, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Fairhope, Alabama

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

Fairhope, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Fairhope, 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.

Fairhope, Alabama Adjustable Mortgage Rates

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



Google Map for Fairhope, AL Rates & Resources


Fairhope FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

BancorpSouth Bank

11813 101 Rock Creek Parkway, Fairhope, AL 36532

BankTrust

26607 236 North Greeno Road, Fairhope, AL 36532

Branch Banking and Trust Company

9846 387 Fairhope Avenue, Fairhope, AL 36532

Branch Banking and Trust Company

9846 906 Plantation Boulevard, Fairhope, AL 36532

CITIZENS' BANK, INC.

23523 905 Plantation Boulevard, Fairhope, AL 36532

Compass Bank

19048 36 North Section Street, Fairhope, AL 36532

Compass Bank

19048 920 Fairhope Avenue, Fairhope, AL 36532

First National Bank of Baldwin County

57181 408 Fairhope Avenue, Fairhope, AL 36532

RBC Bank (USA)

33184 51 South Section Street, Fairhope, AL 36532

RBC Bank (USA)

33184 949 Fairhope Avenue, Fairhope, AL 36532

Regions Bank

12368 55 N Section Street, Fairhope, AL 36532

Regions Bank

12368 98 South Greeno Road, Fairhope, AL 36533

Vision Bank

5668 17008 Scenic, Fairhope, AL 36532

Vision Bank

5668 218 North Greeno Rd, Fairhope, AL 36533

Wells Fargo Bank, National Association

3511 50 North Section Street, Fairhope, AL 36532