»
»
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 August 18, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for Albertville, AL

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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.

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

August 18, 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%

Mortgage Program
Today's
Albertville, AL Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Albertville, Alabama?

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 by 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

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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Albertville, AL

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Albertville, AL

1 unit: $484,350

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

Sources

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