Phil Campbell, AL Mortgage Rates and Refinance Rates

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

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Phil Campbell, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Phil Campbell, Alabama

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

Phil Campbell, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Phil Campbell, 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.

Phil Campbell, Alabama Adjustable Mortgage Rates

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



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Phil Campbell FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

CB&S Bank, Inc.

15310 3571 Broad Street, Phil Campbell, AL 35581