Silver Springs, FL Mortgage Rates and Refinance Rates

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

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Silver Springs, Florida Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Silver Springs, Florida

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

Silver Springs, Florida Fixed Mortgage Rates and Fixed Refinance Rates

Silver Springs, FL 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.

Silver Springs, Florida Adjustable Mortgage Rates

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



Google Map for Silver Springs, FL Rates & Resources


Silver Springs FDIC Insured Banks

Bank Name

FDIC Cert Number

Address

Branch Banking and Trust Company

9846 15825 East Highway 40, Silver Springs, FL 34488

Branch Banking and Trust Company

9846 5431 East Silver Springs Boulevard, Silver Springs, FL 34488

Regions Bank

12368 451 South Highway 314-A, Silver Springs, FL 34488