Alabama home loan rates are looking great for the week, with many of the top lenders in the state offering low monthly mortgage payments. Most mortgage lenders are offering interest rates in the 4% range, depending on the loan term you choose.
15 and 30 year fixed rate loans in Alabama are extremely safe and affordable at the moment – see the best rates of the week below.
Alabama 30 Year Mortgage Loan Rate: $300,000
CapWest Mortgage 30 Year fixed rate at 4.25% with an estimated monthly payment of $1,476
AIG Bank 30 Year fixed rate at 4.5% with an estimated monthly payment of $1,520
Nationwide Bank 30 Year fixed rate at 4.25% with an estimated monthly payment of $1,476
Alabama 15 Year Home Loan Rate: $300,000
Integrity Home Loan 15 Year fixed rate at 3.75% with an estimated monthly payment of $2,182
American Financial Resources Inc. 15 Year fixed rate at 3.875% with an estimated monthly payment of $2,200
Nationwide Bank 15 Year fixed rate at 3.875% with an estimated monthly payment of $2,200
Alabama Option ARM Mortgage Rate: $300,000
Integrity Home Loan 5/1 Year ARM rate at 2.99% with an estimated monthly payment of $1,263
Alabama home loans are truly affordable at the moment, not to mention the declining price of homes. Take advantage of the low interest rate environment now if you can afford it.
Mortgage rates accurate as of publishing date and based on a loan amount of $300,000. Please see the financial institution about any changes and additional fees.
