Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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Alabama Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $155,523 $102,500 $132,000 $185,500
Property Values $201,970 $112,500 $162,500 $237,000
Average LTV 82.2%
Percent Refinance 74.0%
Pct of Refis Cashout 13.6%

Alabama Mortgage Rates

At Mortgageloan.com, you'll find all of the resources necessary to secure the best mortgage loan for your situation. These resources include mortgage tips, articles, and calculators, plus a directory of qualified Alabama lenders. When you don't know how to begin your mortgage search, the best course of action is to clarify your financial objectives. Considering your potential tax savings, decide what you can afford in terms of a monthly payment and in total debt. You can then use the tips and articles on Mortgageloan.com to become familiar with mortgage interest rates and types of loans available.

Locating and contacting lenders is as simple as clicking through the Alabama broker directory. You should submit several loan applications so that you have various loan offers to compare.

Amerisave

4.323%APR

Rates as of: 9/19/2014 30 Yr. Fixed
  • Direct Mortgage Lender
  • Billions Funded
  • Apply Online. Quick approvals.
Show Phone number

Call Now: 866-814-2162

Rate APR Term Point Payment
  • 4.125%
  • 4.250%
  • 4.490%
  • 4.323%
  • 4.366%
  • 4.523%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.000%
  • 0.000%
  • $994
  • $1,008
  • $1,037

Quicken Loans

4.738%APR

Rates as of: 9/19/2014 30 Yr. Fixed
  • We close our loans FAST - many in 30 days or less!
  • Rates are still historically low! Lock in a low rate and payment today.
  • Why pay more for your home than you have to? Check out rates now.
Show Phone number

Call Now: 800-695-1899

Rate APR Term Point Payment
  • 4.500%
  • 4.625%
  • 4.750%
  • 4.738%
  • 4.790%
  • 4.851%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.000%
  • 0.000%
  • $1,039
  • $1,054
  • $1,069

Capital One

4.352%APR

Rates as of: 9/19/2014 30 Yr. Fixed
  • Saving just makes sense. Get $1000 Off Closing Costs.
  • Get a customized quote in minutes.
  • Free 60-day rate lock and no application fee
Show Phone number

Call Now: 855-238-8771

Rate APR Term Point Payment
  • 4.125%
  • 4.250%
  • 4.500%
  • 4.352%
  • 4.395%
  • 4.563%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.000%
  • 0.000%
  • $994
  • $1,008
  • $1,039

Discover

4.279%APR

Rates as of: 9/19/2014 30 Yr. Fixed
  • Competitive rates and no hidden fees
  • One dedicated mortgage banker from first call to closing
  • Simple, straightforward process
Show Phone number

Call Now: 855-882-9568

Rate APR Term Point Payment
  • 4.125%
  • 4.250%
  • 4.375%
  • 4.500%
  • 4.279%
  • 4.333%
  • 4.395%
  • 4.456%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 1.375%
  • 0.500%
  • -0.250%
  • -1.000%
  • $994
  • $1,008
  • $1,024
  • $1,039
See more rates

The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes. More Info.. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.

Alabama Rate Map

This Rate Map for the state of Alabama shows the rates that individual borrowers were able to obtain on refinanced and home purchase mortgages. Each balloon represents a single mortgage – click on them to see what kind of rates borrowers are getting in your area.

Use the options in the column at left to sort your choices by location and credit score. Individual balloons also feature information on loan size, loan-to-value ratio, loan type, lender and more.

If you recently obtained or refinanced a mortgage and would like to anonymously share information about the terms you were able to get, just click on “Share Your Rate” above the map. Your fellow borrowers will thank you!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Mortgage Tax Savings

Tax breaks, courtesy of the IRS, offset some of the other costs associated with homeownership. You can deduct the interest paid on mortgage debt, points paid on mortgage debt, and property taxes paid. Since you pay a higher portion of interest in the first years of a mortgage, you'll see the greatest tax benefits during that period. If you pay points on a purchase mortgage, you can deduct those in the first year. Points paid on a refinance, however, must be deducted over time. You can estimate tax savings with Mortgageloan.com's Mortgage Tax Savings Calculator.

Fixed-rate Mortgages

For most prospective borrowers, the fixed-rate mortgage (FRM) is the first option to consider. The FRM offers the security of a stable monthly payment and interest rate. Once you've locked in your rate, it won't change unless you refinance. You'll also know exactly when your mortgage debt will be fully repaid. Most FRMs have a 30-year payoff schedule, but some lenders offer shorter and longer loan maturities. The options range from 10 years to 40 years; if you can afford a shorter payoff cycle, you'll likely be offered a lower interest rate.

Comparing Mortgages

Comparing mortgage offers in Alabama can be a confusing process, particularly when you're diligent-as you should be-about contacting several lenders. You can make this search more efficient by reviewing individual offers by loan type first. In other words, review your adjustable-rate mortgage (ARM) offers separately from your FRM quotes. Once you pick the best in each category, you can use Mortgageloan.com's mortgage calculators to decide which is more appropriate for you.

As you're deciding, remember not to place too much importance on getting the lowest payment. Of course, you must have a payment that you can afford. But sometimes, a very low payment means you're carrying the debt for longer periods of time. There are two disadvantages to this strategy. Your overall interest costs will be higher, and it will take longer to build home equity.

Mortgageloan.com can help you find that best rate mortgage, whether you're buying a suburban Birmingham home, or a cozy weekend retreat in sleepy Delmar.