Alfred, NY Mortgage Rates and Refinance Rates

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

Search and Compare Alfred, NY Mortgage Rates & Refinance Rates

Alfred, New York Conforming Mortgage Rates and Refinance Rates

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

Jumbo Mortgage Rates and Refinance Rates in Alfred, New York

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

Alfred, New York Fixed Mortgage Rates and Fixed Refinance Rates

Alfred, NY 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.

Alfred, New York Adjustable Mortgage Rates

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

Google Map for Alfred, NY Rates & Resources

Alfred FDIC Insured Banks

Bank Name

FDIC Cert Number


Community Bank, National Association

6989 39 North Main Street, Alfred, NY 14802

Steuben Trust Company

12936 928 State Highway Route 244, Alfred, NY 14802