Ozark, AL Mortgage Rates and Refinance Rates

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

Search and Compare Ozark, AL Mortgage Rates & Refinance Rates



Ozark, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Ozark, Alabama

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

Ozark, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Ozark, 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.

Ozark, Alabama Adjustable Mortgage Rates

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



Google Map for Ozark, AL Rates & Resources


Ozark FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Branch Banking and Trust Company

9846 253 South Union Avenue, Ozark, AL 36360

PeoplesSouth Bank

21292 101 Painter Avenue, Ozark, AL 36360

Synovus Bank

873 500 East Andrews Avenue, Ozark, AL 36360

THE COMMERCIAL BANK OF OZARK

17975 1301 E. Andrews Ave., Ozark, AL 36360

THE COMMERCIAL BANK OF OZARK

17975 208 South Merrick Avenue, Ozark, AL 36360

Wells Fargo Bank, National Association

3511 293 Andrews Avenue, Ozark, AL 36360