30-Year Fixed Jumbo Mortgage Refinance Interest Rates in Alabama
Explore 30-year jumbo mortgage interest rates in Alabama over time.
Daily refinance averages provided by the Mortgage Research Center.
Compare mortgage rates in Alabama
Showing results for: 30-Year Fixed refinance offers for Single Family or Townhome properties in AL, total loan amount of $800,000.
| Lender | APR / Rate | Monthly Payment | |
|---|---|---|---|
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Rates and fees are estimates and subject to change without notice. Payments do not include taxes and insurance premiums. Actual payments may be higher. Not all lenders participate in this marketplace. Loan availability and terms may vary by state and lender. Lender offers, including badges like “Lowest APR” or “Lowest Payment,” are based only on results displayed here and may not reflect the absolute lowest offer available in the market. Rate and product details
Alabama housing market snapshot
Keeping a finger on the pulse of the local market is the secret sauce to knowing when to refinance. The "Heart of Dixie" is seeing steady growth without the volatility of the coasts.
| Metric | 2024 Stats | 2025 YTD Trends |
|---|---|---|
Home Sales Volume | Steady | Growing: Sales volume up ~2.2% year-over-year. |
Median Home Value | ~$276,000 | ~$288,300 (+4.4% Appreciation) |
Market Status | Balanced | Balanced (Stable growth). |
Why This Matters for Your Refinance (The LTV Factor)
You might hear "LTV" thrown around a lot. It stands for Loan-to-Value Ratio, and it simply measures how much you owe versus what your home is worth.
- The Formula: (Mortgage Balance) ÷ (Current Home Value) = LTV %
- The Alabama Edge: With values up over 4%, your home is worth more today than last year. This naturally lowers your LTV. A lower LTV (especially below 80%) is the "golden ticket" that helps you eliminate Private Mortgage Insurance (PMI) and qualify for the lowest interest rates.
Property taxes in Alabama
Alabama is famous for having some of the lowest property taxes in the entire country, which keeps your monthly escrow payments very manageable.
~0.38%
50th (Lowest in the U.S.)
~$157,100 (Tax median) / ~$288k (Market median)
~$600 - $700
Alabama refinance programs & homeowner perks
Did you know Alabama has its own Housing Finance Agency (HFA) designed to help residents stay in their homes?
Visit Housing Finance Agency (HFA)Step Up
- Who it’s for: Moderate-income homebuyers and owners looking for stability.
- Benefit: The Step Up program provides down payment assistance secured by a 10-year second mortgage.
- Expert tip: This is often combined with the "HFA Advantage" conventional loan, which can be cheaper than FHA loans for borrowers with good credit.
What is a 30-year fixed jumbo mortgage in Alabama?
A 30-year fixed jumbo mortgage in Alabama is a home loan that exceeds the conforming loan limits set by the FHFA, typically around $726,200. This mortgage has a fixed interest rate and consistent monthly payments over 30 years, suitable for high-value properties in Alabama.
How do jumbo mortgage rates in Alabama compare to conventional mortgage rates?
In Alabama, jumbo mortgage rates are generally higher than conventional rates due to the increased risk for lenders. Rates can vary based on your financial profile and market conditions in Alabama.
What are the requirements for a 30-year jumbo mortgage in Alabama?
Lenders in Alabama usually require a higher credit score (typically 700+), a larger down payment (often 20% or more), and a lower debt-to-income ratio compared to conventional loans.
Can I refinance a 30-year jumbo mortgage in Alabama?
Yes, refinancing a jumbo mortgage in Alabama is possible and can help secure a lower rate or change the loan terms. The process may be more stringent due to the higher loan amount.
What are the benefits of a 30-year fixed jumbo mortgage in Alabama?
Benefits include financing higher-value properties, fixed interest rates for stability, and consistent monthly payments over 30 years for homes in Alabama.
Are there closing costs for jumbo mortgages in Alabama?
Yes, closing costs in Alabama can be higher than for conventional loans due to the larger loan amounts and additional scrutiny during approval. They typically range from 2% to 5% of the loan amount.
How can I get the best 30-year jumbo mortgage rate in Alabama?
To get the best rate in Alabama, maintain a high credit score, save for a substantial down payment, and compare offers from multiple lenders. Economic conditions and lender policies in Alabama also play a role.
What is the difference between a conforming and a jumbo loan in Alabama?
A conforming loan in Alabama adheres to the FHFA limits and can be purchased by Fannie Mae or Freddie Mac. A jumbo loan exceeds these limits and is not eligible for purchase by these entities, resulting in different qualifying criteria and potentially higher rates.
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Browse the latest 30-year jumbo mortgage refinance rates in Alabama. Select your city to view current offers: