Muscle Shoals, AL Mortgage Rates and Refinance Rates

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

Search and Compare Muscle Shoals, AL Mortgage Rates & Refinance Rates



Muscle Shoals, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Muscle Shoals, Alabama

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

Muscle Shoals, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Muscle Shoals, 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.

Muscle Shoals, Alabama Adjustable Mortgage Rates

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



Google Map for Muscle Shoals, AL Rates & Resources


Muscle Shoals FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Bank Independent

16604 1109 East Avalon Avenue, Muscle Shoals, AL 35661

Bank Independent

16604 126 Southgate Mall Shopping Center, Muscle Shoals, AL 35660

CB&S Bank, Inc.

15310 2000 East Avalon Avenue, Muscle Shoals, AL 35661

Compass Bank

19048 606 East Avalon Avenue, Muscle Shoals, AL 35661

First Metro Bank

27381 406 West Avalon Avenue, Muscle Shoals, AL 35661

First Southern Bank

29332 1027 Avalon Avenue, Muscle Shoals, AL 35661

First Southern Bank

29332 5145 River Road, Muscle Shoals, AL 35661

Regions Bank

12368 204 West Avalon Avenue, Muscle Shoals, AL 35661

SunTrust Bank

867 1141 Woodward Avenue, Muscle Shoals, AL 35661

Wells Fargo Bank, National Association

3511 2015 E Avalon Avenue, Muscle Shoals, AL 35661