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Today's Reported Mortgage Rates in Alabama, AL

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Most Recent Borrower-Reported Mortgage Rates in Alabama, AL

DateHouse PriceLoan AmountCredit ScoreInterest RateMonthly PaymentAnnual SalaryLenderClosing CostsLoan TypeLoan TermLTVDTIRate TypePurchase ReasonCityState
08/01/2020280,000275,0007163.841,26463,000Guaranty Home Mortgage Corporation8.00FHA30 yrs98.1933FRMPrimaryColumbia, TNTN
08/01/2020631,000505,0008133.461,806148,000Bank Of America National Association6.00Conventional30 yrs80.0025FRMPrimaryWilsonville, OROR
08/01/2020382,500325,0007873.341,21567,000North American Savings Bank 1.00VA30 yrs85.0045FRMPrimaryRoeland Park, KSKS
08/01/2020140,000135,0007453.5959156,000Synovus Mortgage Corp6.00FHA30 yrs96.5055FRMPrimaryLongboat Key, FLFL
08/01/2020209,000205,0007993.3488568,000Bangor Savings Bank5.00RHS30 yrs98.1433FRMPrimaryBath, MEME
08/01/2020135,000135,0006394.4668150,000American Financial Network 3.00VA30 yrs100.0044FRMPrimaryLumberton, NCNC
08/01/2020689,500655,0007433.842,913124,000MB Financial Bank5.00Conventional30 yrs95.0047FRMPrimaryCosta Mesa, CACA
08/01/20201,106,000885,0008153.093,019273,000Wells Fargo4.00Conventional30 yrs80.0038FRMPrimaryCambridge, MAMA
08/01/2020769,000615,0008163.222,131311,000Bank Of America National Association5.00Conventional30 yrs80.0033FRMPrimaryRiver Forest, ILIL
08/01/2020118,00085,0007903.7228223,000Gateway Mortgage Group 2.00Conventional30 yrs72.0041FRMPrimaryStillwater, OKOK

Average Mortgage Rates by Credit Score in Alabama, AL for Conventional, FHA and VA Mortgages

StateCredit ScoreConventionalFHAVA
AK650 and lesser5.094.344.62
AK650 to 7004.864.344.01
AK700 to 7504.343.903.85
AK750 to 8003.733.383.31
AK800 and above3.253.133.10
AL650 and lesser5.054.574.53
AL650 to 7004.644.214.19
AL700 to 7504.253.853.82
AL750 to 8003.773.433.40
AL800 and above3.283.073.08

Fig: Average mortgage rates across Conventional, FHA and VA mortgages by credit score in 2020 offered at Alabama, AL

Average Mortgage Rates by Credit Score in Alabama, AL for FRM (Fixed Rate Mortgage) and ARM (Adjustable Rate Mortgage)

StateCredit ScoreFRM5/1 ARM7/1 ARM10/1 ARM
AK650 and lesser4.624.184.284.46
AK650 to 7004.383.944.044.22
AK700 to 7504.163.723.824.00
AK750 to 8003.573.133.233.40
AK800 and above3.212.782.873.05
AL650 and lesser4.574.134.234.41
AL650 to 7004.363.924.024.20
AL700 to 7504.123.683.783.96
AL750 to 8003.653.213.313.49
AL800 and above3.242.802.903.08

Fig: Average mortgage rates across Conventional, FHA and VA mortgages by credit score in 2020 offered at Alabama, AL

Average Mortgage Rates by Credit Score in Alabama, AL by Primary, Secondary and Investment Property

StateCredit ScorePrimarySecondaryInvestment
AK650 and lesser4.66
AK650 to 7004.48
AK700 to 7504.104.464.60
AK750 to 8003.543.783.71
AK800 and above3.193.403.53
AL650 and lesser4.584.595.62
AL650 to 7004.354.734.94
AL700 to 7504.064.274.67
AL750 to 8003.633.843.99
AL800 and above3.243.313.44

Fig: Average mortgage rates across Conventional, FHA and VA mortgages by credit score in 2020 offered in Alabama, AL