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No Closing Cost Refinance in Alabama

Updated: July 14, 2020

Search Rates

Displaying rates for Mortgage Refinance in AL for $200,000

PRODUCTS RATES +/-
30 Year Fixed 3.00%
15 Year Fixed 2.50%
5/1 ARM 4.50%
Tuesday, July 14, 2020

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Mortgage rates for Alabama go down to 3.00%

Tuesday, July 14, 2020

Mortgage rates for Alabama on Lender411 for 30-year fixed-rate mortgages are at 3.00%. That dropped from 3.03% to 3.00%. The 15-year fixed rates are now at 2.50%. The 5/1 ARM mortgage for Alabama is now at 4.50%.

No Closing Cost Refinance Mortgage in Alabama

A no closing cost refinance is a refi transaction in which the lender absorbs all of the initial Non-Recurring Closing Costs of the loan.  This is also known as a No Points No Fees Refinance (NPNF Refi). For individuals to qualify for a No Closing Cost Refinance in Alabama, the borrower will take a slightly higher rate than your typical No Points home mortgage, roughly .250% or .500% higher.  Check out our main page on no cost refinance.

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