Madison, AL Mortgage Rates and Refinance Rates

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

Search and Compare Madison, AL Mortgage Rates & Refinance Rates



Madison, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Madison, Alabama

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

Madison, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Madison, 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.

Madison, Alabama Adjustable Mortgage Rates

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



Google Map for Madison, AL Rates & Resources


Madison FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

BancorpSouth Bank

11813 41 Hughes Road, Madison, AL 35758

BancorpSouth Bank

11813 7302 Highway 72 West, Madison, AL 35758

Branch Banking and Trust Company

9846 8857 Madison Boulevard, Madison, AL 35758

CB&S Bank, Inc.

15310 8018 Highway 72, Madison, AL 35758

Compass Bank

19048 3735 Sullivan Street, Madison, AL 35758

EvaBank

26799 3810 Sullivan Street, Madison, AL 35758

Iberiabank

28100 53 Hughes Road, Madison, AL 35758

Premier Bank of the South

27118 8803 Madison Blvd, Madison, AL 35758

RBC Bank (USA)

33184 25 Hughes Road, Madison, AL 35758

RBC Bank (USA)

33184 7930 U.S. Highway 72 West, Madison, AL 35758

Regions Bank

12368 41 Hughes Road, Madison, AL 35758

Regions Bank

12368 7990 Highway 72 West, Madison, AL 35758

Regions Bank

12368 8926 Highway 20 West, Madison, AL 35758

RELIANCE BANK

34866 12050 County Line Road, Madison, AL 35756

Renasant Bank

12437 7600 Highway 72 West, Madison, AL 35758

Synovus Bank

873 11 Hughes Road, Madison, AL 35758

Synovus Bank

873 7770 Highway 72 West, Madison, AL 35758

Wells Fargo Bank, National Association

3511 7796 Highway 72 West, Madison, AL 35758

Wells Fargo Bank, National Association

3511 9044 Highway 20 West, Madison, AL 35758