Hamilton, AL Mortgage Rates and Refinance Rates

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

Search and Compare Hamilton, AL Mortgage Rates & Refinance Rates

Hamilton, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Hamilton, Alabama

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

Hamilton, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Hamilton, 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.

Hamilton, Alabama Adjustable Mortgage Rates

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

Google Map for Hamilton, AL Rates & Resources

Hamilton FDIC Insured Banks

Bank Name

FDIC Cert Number


First National Bank

22271 1171 Military Street South, Hamilton, AL 35570

First National Bank

22271 341 Military Street South, Hamilton, AL 35570

First State Bank of the South, Inc.

21050 Highway 78 And 3rd Avenue, Hamilton, AL 35570

PeoplesTrust Bank

57569 1281 Military Street South, Hamilton, AL 35570

Wells Fargo Bank, National Association

3511 320 Bexar Avenue West, Hamilton, AL 35570