Mortgage rate shoppers in Alabama looking to buy a home, build a new home, remodel, or refinance to put the cash in their home to better use can find a wide array of financing options with Bank Independent based in Sheffield, AL.  Bank Independent is one of the largest mortgage lenders in Alabama and one of the ten largest banks based in the Yellowhammer State.

Bank Independent has mortgage loans with flexible terms that come with a variety mortgage rate and fee options.  The wide selection of home loan products makes finding the right mortgage loan in Alabama easier and affordable for first-time buyers or potential borrowers that are in need of a large scale jumbo mortgage loan.

Bank Independent also has refinancing programs that can be beneficial for those existing Alabama homeowners looking for a lower mortgage interest rate, needing to use existing equity to fund a major expense, or looking to change their mortgage loan term to build equity faster

A sample of Bank Independent mortgage terms and mortgage rates in Alabama for a single family purchase with a minimum 20 percent down payment include the following:

The 30 year fixed rate mortgage in Alabama is 3.750% with no points and an APR of 3.871%.  

A 15 year mortgage in Alabama has an interest rate of 3.125% with zero points and a 3.339% APR.

The midterm, 20 year mortgage rate is at 3.750% with no points and an APR at 3.919%

The Alabama mortgage interest rates, annual percentage rates (APRs), and discount points shown are subject to change by the bank without notice.  All AL mortgage rates posted are current as of the publication date but are not guaranteed.  All mortgage loans require bank approval including credit, income and assets of the borrower along with other underwriting conditions.

The actual interest rate and fees available on a specific loan request will be based on the borrower’s credit history, the down payment amount, loan amount, geographic location of the property and may be different than the mortgage rates displayed.

To discuss the mortgage rate and loan options made available by Bank Independent, a Bank Independent mortgage representative can be reached at 256-386-5100.

The Bank Independent customer service department can be reached at (256) 386-5000, toll free at (877) 865-5050.  The customer service department is available Monday through Saturday from
8:00 a.m. – 8:00 p.m. to assist with your banking needs. 

Bank Independent is a locally owned community bank that operates 28 branch locations in North Alabama.

To review a current list of the top bank mortgage lenders and mortgage rates by loan product please see the following mortgage rate tables: 30 year mortgage rates, 15 year mortgage rates, 20 year mortgage rates, 10 year mortgage rates, FHA mortgage rates and jumbo mortgage rates.  A listing of bank mortgage rates is also available at Bank of America mortgage rates, Citibank mortgage rates, Chase mortgage rates and Wells mortgage rates.

No user commented in " Alabama Mortgage Rates from Bank Independent "

Follow-up comment rss or Leave a Trackback

Leave A Reply

 Username (*required)

 Email Address (*private)

 Website (*optional)