Pike Road, AL Mortgage Rates and Refinance Rates

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

Search and Compare Pike Road, AL Mortgage Rates & Refinance Rates

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 36101, 0, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
PERIOD_FIXED_30YEARS Mortgage Loan from AimLoan.com
AimLoan.com
https:https://mortgagerates.icanbuy.com/images/lenderslogos/112335.gif
300000
Purchase
3.750%
3.750%
USD
AimLoan.com Logo
NMLS # 2890
State Lic # MC4972
08/21/2019
at -0.125 pts
30 day lock rate
Est payment: $1,390
Fees in APR: ($411)
Internet direct lender since 1998. View rates & fees, apply/lock online 24/7
 

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.





Pike Road, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Pike Road, Alabama

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

Pike Road, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Pike Road, 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.

Pike Road, Alabama Adjustable Mortgage Rates

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



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Pike Road FDIC Insured Banks

There are no FDIC insured banks in Pike Road