Oneonta, AL Mortgage Rates and Refinance Rates

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

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Oneonta, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Oneonta, Alabama

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

Oneonta, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Oneonta, 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.

Oneonta, Alabama Adjustable Mortgage Rates

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



Google Map for Oneonta, AL Rates & Resources


Oneonta FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Branch Banking and Trust Company

9846 415 Second Avenue East, Oneonta, AL 35121

Compass Bank

19048 300 Second Avenue East, Oneonta, AL 35121

Peoples Bank of Alabama

22537 995 2nd Avenue East, Oneonta, AL 35121

Regions Bank

12368 201 First Avenue East, Oneonta, AL 35121

The Hometown Bank of Alabama

57540 2002 2nd Avenue, East, Oneonta, AL 35121