Union Springs, AL Mortgage Rates and Refinance Rates

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

Search and Compare Union Springs, 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.





Union Springs, Alabama Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Union Springs, Alabama

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

Union Springs, Alabama Fixed Mortgage Rates and Fixed Refinance Rates

Union Springs, 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.

Union Springs, Alabama Adjustable Mortgage Rates

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



Google Map for Union Springs, AL Rates & Resources


Union Springs FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Amerifirst Bank

2838 104 Hardaway Avenue, Union Springs, AL 36089

Community Bank and Trust - Alabama

32968 202 North Powell Street, Union Springs, AL 36089