Spanish Fort, AL Mortgage Rates and Refinance Rates

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

Search and Compare Spanish Fort, AL Mortgage Rates & Refinance Rates

Spanish Fort, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Spanish Fort, Alabama

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

Spanish Fort, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Spanish Fort, 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.

Spanish Fort, Alabama Adjustable Mortgage Rates

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

Google Map for Spanish Fort, AL Rates & Resources

Spanish Fort FDIC Insured Banks

Bank Name

FDIC Cert Number


BancorpSouth Bank

11813 30585 Highway 225, Spanish Fort, AL 36527

Compass Bank

19048 6470 Us Highway 90, Spanish Fort, AL 36527

First Community Bank

14720 10021 Hwy 31, Spanish Fort, AL 36527

RBC Bank (USA)

33184 30500 A State Hwy 181, Spanish Fort, AL 36527

Regions Bank

12368 6470 Spanish Fort Boulevard, Spanish Fort, AL 36527

United Bank

58 30500 Highway 181, Suite 100, Spanish Fort, AL 36527

Wells Fargo Bank, National Association

3511 10000 Town Center Ave, Spanish Fort, AL 36527