Hoover, AL Mortgage Rates and Refinance Rates

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

Search and Compare Hoover, AL Mortgage Rates & Refinance Rates



Hoover, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Hoover, Alabama

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

Hoover, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Hoover, 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.

Hoover, Alabama Adjustable Mortgage Rates

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



Google Map for Hoover, AL Rates & Resources


Hoover FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Aliant Bank

2773 1100 Corporate Parkway, Hoover, AL 35242

BancorpSouth Bank

11813 4680 Highway 280, Hoover, AL 35242

Branch Banking and Trust Company

9846 1596 Montgomery Hwy, Hoover, AL 35216

Branch Banking and Trust Company

9846 2750 John Hawkins Pkwy, Hoover, AL 35244

Bryant Bank

57997 2721 John Hawkins Parkway, Hoover, AL 35244

Cadence Bank, N.A.

4999 2755 John Hawkins Parkway, Hoover, AL 35244

Compass Bank

19048 1560 Montgomery Highway, Hoover, AL 35216

Compass Bank

19048 2641 Valleydale Road, Hoover, AL 35244

First Financial Bank

19440 1604 Montgomery Highway, Hoover, AL 35216

RBC Bank (USA)

33184 2720 John Hawkins Pkwy, Hoover, AL 35244

Regions Bank

12368 1651 Montgomery Highway, Hoover, AL 35216

Regions Bank

12368 3065 John Hawkins Parkway, Hoover, AL 35244

ServisFirst Bank

57993 5403 Highway 280, Suite 401, Hoover, AL 35244

Synovus Bank

873 2020 Patton Chapel Road, Hoover, AL 35216

Synovus Bank

873 5290 Preserve Parkway, Hoover, AL 35244

Union State Bank

5602 3449 Lorna Road, Hoover, AL 35216

Wells Fargo Bank, National Association

3511 1600 Montgomery Highway, Hoover, AL 35216

Wells Fargo Bank, National Association

3511 2527 John Hawkins Pkwy, Hoover, AL 35244