Pelham, AL Mortgage Rates and Refinance Rates

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

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Pelham, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Pelham, Alabama

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

Pelham, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Pelham, 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.

Pelham, Alabama Adjustable Mortgage Rates

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



Google Map for Pelham, AL Rates & Resources


Pelham FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Branch Banking and Trust Company

9846 2998 Pelham Parkway, Pelham, AL 35124

Central State Bank

72 3145 Highway 31 South, Pelham, AL 35124

Compass Bank

19048 3080 Pelham Parkway, Pelham, AL 35124

First Financial Bank

19440 3304 Pelham Parkway, Pelham, AL 35124

Frontier Bank

16431 2723 Pelham Parkway, Pelham, AL 35124

Iberiabank

28100 2695 Pelham Parkway, Pelham, AL 35124

Merchants and Farmers Bank

9361 3513 Pelham Parkway, Pelham, AL 35124

RBC Bank (USA)

33184 3000 Pelham Parkway, Pelham, AL 35124

Regions Bank

12368 2228 Pelham Parkway, Pelham, AL 35124

Regions Bank

12368 2964 Pelham Parkway, Pelham, AL 35124

Synovus Bank

873 2304 Pelham Parkway, Pelham, AL 35124

Union State Bank

5602 2267 Pelham Parkway, Pelham, AL 35124

Wells Fargo Bank, National Association

3511 2261 Highway 31 South, Pelham, AL 35124

Wells Fargo Bank, National Association

3511 3350 Highway 31 South, Pelham, AL 35124