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.
October 21, 2019
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%
The median home value for Albertville, AL (Marshall County) is $125,491
The median household income for Albertville, AL (Marshall County) is $42,361
Based on current mortgage rates and a 10% down payment, you need to make $23,283 per year to buy the median priced home in Albertville
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 1,937 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
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
FHA loan limits for Albertville, AL
VA loan limits for Albertville, AL
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index