Ramer, AL Mortgage Rates and Refinance Rates

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

Search and Compare Ramer, AL Mortgage Rates & Refinance Rates

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Ramer, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Ramer, Alabama

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

Ramer, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Ramer, 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.

Ramer, Alabama Adjustable Mortgage Rates

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



Google Map for Ramer, AL Rates & Resources


Ramer FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Brantley Bank and Trust Company

16386 10 5 Main Street, Ramer, AL 36069