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Huntsville

Current Mortgage Rates in Huntsville, Alabama

Compare mortgage rates and fees for leading lenders in Huntsville, 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 Huntsville.

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

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Mortgage Rates in Huntsville, AL as of December 14, 2019
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Get Personalized Mortgage Quotes for Huntsville, AL

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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 Huntsville, AL Mortgage Rates Compare?

December 14, 2019

The current average rate for a 30 year fixed rate mortgage in Huntsville 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
Huntsville, AL Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Huntsville, Alabama?

The median home value for Huntsville, AL (Madison County) is $193,891

The median household income for Huntsville, AL (Madison County) is $63,193

Based on current mortgage rates and a 10% down payment, you need to make $35,973 per year to buy the median priced home in Huntsville

The home price you can afford to buy based on household income in Huntsville is 176% of the median home value which means housing prices are average

Huntsville (Madison County) ranks 56 out of 67 counties in Alabama and 2,076 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Huntsville, Alabama

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

Conforming loan limits for Huntsville, AL

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

FHA loan limits for Huntsville, AL

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

VA loan limits for Huntsville, AL

1 unit: $484,350

Additional Mortgage Resources for Huntsville, AL Residents

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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