Thinking about settling in Dixie’s heart? Those who say yes should have several options. Alabama currently has below 2.3 million housing units And according to the US Census Bureau, a homemade rate of 68% 2018 American Community Survey.
Alabama’s median housing price is $ 147,900, 36% lower than the national average price of $ 229,700. Depending on where you look in Alabama, both high and low housing prices can be found.
US News conducted an in-depth review of major direct mortgage lenders. Research was based on program availability and customer satisfaction ratings. Because each consumer has different needs, the top finishers were chosen in several key areas.
What are the mortgage rates in Alabama?
House interest rates Range from 2.25% Service 4.13% In Alabama.
What are today’s mortgage rates?
By locking in a low mortgage rate today, you can save thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
Rate of this week
Last week rate
|30-Year Fixed Rate Mortgage||3.01%||3.03%|
|15-Year Fixed Rate Mortgage||2.58%||2.56%|
|30-Year Fixed-Rate Jumbo Mortgage||3.03%||3.09%|
|5/1 Jumbo ARM||2.86%||2.87%|
* Rates up to October 28, 2020
US News’ Best Alabama Mortgage Lenders
Methodology: US News conducted an in-depth review of major direct mortgage lenders in Alabama. The research was based on program availability, customer satisfaction ratings, and qualification requirements. Because each consumer has different needs, the top finishers were chosen in several key areas.
- Mortgage Type: ARM, traditional, FHA, first time homebuyer program, home equity lines of credit, refinance, VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: $ 5 million
- Better Business Bureau Rating: A +