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.

Mortgage Rates in Huntsville, AL as of September 27, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


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

September 27, 2020

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
Huntsville, AL Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Huntsville, Alabama?

Below we provide helpful information on the real estate market, home prices and housing affordability in Huntsville. Understand how much you need to earn to afford a home in Huntsville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Huntsville 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 Huntsville is right for you.

The median home value for Huntsville, AL (Madison County) is $209,402

Based on current mortgage rates and a 10% down payment, you need to make $37,687 per year to buy the median priced home in Huntsville

With this income, you could qualify for a $188,462 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 Huntsville is $873

The median household income for Huntsville, AL (Madison County) is $64,668

Based on this income, you can afford a home valued at approximately $359,321

The home price you can afford to buy based on household income in Huntsville is 172% of the median home value which means housing prices are average. Huntsville (Madison County) ranks 57 out of 67 counties in Alabama and 2,142 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


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

FHA loan limits for Huntsville, AL

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

VA loan limits for Huntsville, AL

1 unit: $510,400

Additional Mortgage Resources for Huntsville, 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