Saraland, AL Mortgage Rates and Refinance Rates

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

Search and Compare Saraland, AL Mortgage Rates & Refinance Rates



Saraland, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Saraland, Alabama

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

Saraland, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Saraland, 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.

Saraland, Alabama Adjustable Mortgage Rates

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



Google Map for Saraland, AL Rates & Resources


Saraland FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

BankTrust

26607 1025 Highway 43 South, Saraland, AL 36571

Branch Banking and Trust Company

9846 15 Hwy 43 N, Saraland, AL 36571

First Community Bank

14720 1063 Industrial Parkway, Saraland, AL 36571

RBC Bank (USA)

33184 34 Shelton Beach Road, Saraland, AL 36571

Regions Bank

12368 1201 Industrial Parkway, Saraland, AL 36571

Regions Bank

12368 421 South Highway 43, Saraland, AL 36571

Wells Fargo Bank, National Association

3511 907 South Highway 43, Saraland, AL 36571

Whitney National Bank

18538 9 Highway 43 North, Saraland, AL 36571