Orange Beach, AL Mortgage Rates and Refinance Rates

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

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Orange Beach, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Orange Beach, Alabama

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

Orange Beach, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Orange Beach, 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.

Orange Beach, Alabama Adjustable Mortgage Rates

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



Google Map for Orange Beach, AL Rates & Resources


Orange Beach FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Branch Banking and Trust Company

9846 25239 Perdido Beach Boulevard, Orange Beach, AL 36561

First National Bank of Baldwin County

57181 25556 Canal Road, Orange Beach, AL 36561

Heritage First Bank

19023 24847 Commercial Avenue, Orange Beach, AL 36561

RBC Bank (USA)

33184 25405 Perdido Beach Boulevard, Orange Beach, AL 36561

Regions Bank

12368 4100 Orange Beach Boulevard, Orange Beach, AL 36561

Vision Bank

5668 25051 Canal Street, Orange Beach, AL 36561

Whitney National Bank

18538 4151 Orange Beach Boulevard, Orange Beach, AL 36561