»
»
Albertville

Current Mortgage Rates in Albertville, Alabama

Compare mortgage rates and fees for leading lenders in Albertville, AL. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Albertville.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Albertville. Plus, shopping lenders is free and there is no obligation.

%
Mortgage Rates in Albertville, AL as of July 5, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

How Do Today's Albertville, AL Mortgage Rates Compare?

July 5, 2020

The current average rate for a 30 year fixed rate mortgage in Albertville is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Albertville, AL Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Albertville, Alabama?

Below we provide helpful information on the real estate market, home prices and housing affordability in Albertville. Understand how much you need to earn to afford a home in Albertville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Albertville fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Albertville is right for you.

The median home value for Albertville, AL (Marshall County) is $132,017

Based on current mortgage rates and a 10% down payment, you need to make $23,760 per year to buy the median priced home in Albertville

With this income, you could qualify for a $118,815 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Albertville is $550

The median household income for Albertville, AL (Marshall County) is $43,350

Based on this income, you can afford a home valued at approximately $240,868

The home price you can afford to buy based on household income in Albertville is 182% of the median home value which means housing prices are average. Albertville (Marshall County) ranks 47 out of 67 counties in Alabama and 1,906 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Albertville, AL is average

orange-simple-house
ruler

Loan Limits for Albertville, Alabama

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Albertville (Marshall County) below.

Conforming loan limits for Albertville, AL

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Albertville, AL

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Albertville, AL

1 unit: $510,400

Additional Mortgage Resources for Albertville, AL Residents

Mortgage Rates for Alabama Cities

Albertville Mortgage Rates

Anniston Mortgage Rates

Athens Mortgage Rates

Auburn Mortgage Rates

Birmingham Mortgage Rates

Daphne Mortgage Rates

Decatur Mortgage Rates

Dothan Mortgage Rates

Florence Mortgage Rates

Gadsden Mortgage Rates

Huntsville Mortgage Rates

Mobile Mortgage Rates

Montgomery Mortgage Rates

Shelby Mortgage Rates

Tuscaloosa Mortgage Rates