Gulf Shores, AL Mortgage Rates and Refinance Rates

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

Search and Compare Gulf Shores, AL Mortgage Rates & Refinance Rates



Gulf Shores, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Gulf Shores, Alabama

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

Gulf Shores, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Gulf Shores, 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.

Gulf Shores, Alabama Adjustable Mortgage Rates

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



Google Map for Gulf Shores, AL Rates & Resources


Gulf Shores FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

BankTrust

26607 1700 Gulf Shores Parkway, Gulf Shores, AL 36542

Branch Banking and Trust Company

9846 1500 Gulf Shores Parkway, Gulf Shores, AL 36542

Compass Bank

19048 3830 Gulf Shores Parkway, Gulf Shores, AL 36542

First National Bank of Baldwin County

57181 205 East 20th Avenue, Gulf Shores, AL 36542

Heritage First Bank

19023 1820 South Gulf Shores Parkway, Gulf Shores, AL 36542

RBC Bank (USA)

33184 250 West Fort Morgan Road, Gulf Shores, AL 36547

Regions Bank

12368 1820 Gulf Shores Parkway, Gulf Shores, AL 36542

Vision Bank

5668 2201 West First Street, Gulf Shores, AL 36542

Wells Fargo Bank, National Association

3511 1617 Gulf Shores Parkway, Gulf Shores, AL 36547

Whitney National Bank

18538 1801 Gulf Shores Parkway, Gulf Shores, AL 36547