Compare Mortgage Brokers in Huntsville, AL
Browse mortgage brokers serving Huntsville, Alabama. Contact information and addresses listed below.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Alabama before hiring.
Showing 19 mortgage brokers in Huntsville, AL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Mortgage brokers in Huntsville Alabama help home buyers and homeowners find suitable loan products from multiple lenders. Alabama law requires mortgage brokers to be licensed through the Alabama Banking Department and follow state regulations on disclosures and fees. Huntsville has a strong housing market driven by the aerospace and defense industries, so local brokers understand the specific needs of buyers in this area.
What Does a Mortgage Broker in Huntsville Cost?
Mortgage broker costs in Alabama usually range from 1 to 2 percent of the loan amount. For a $250,000 home loan this equals $2,500 to $5,000 in broker fees. Some brokers charge a flat fee instead of a percentage. There may also be application fees or processing fees of $300 to $500. Costs vary by lender and loan type. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What license does a mortgage broker need in Alabama?
A mortgage broker in Alabama must hold a state license issued by the Alabama Banking Department. This license requires passing a background check and completing pre-licensing education. The license number should be listed on the brokers website or office.
How do mortgage broker fees work in Huntsville Alabama?
Mortgage brokers in Huntsville typically charge a fee of 1 to 2 percent of the loan amount. This fee is often paid by the lender or the borrower. Alabama law requires the broker to provide a Loan Estimate showing all fees within three business days of application.
Can a mortgage broker help with FHA loans in Huntsville?
Yes, many mortgage brokers in Huntsville offer FHA loans which are popular for first-time buyers. FHA loans require a minimum down payment of 3.5 percent and are insured by the Federal Housing Administration. A broker can compare FHA rates from different lenders to find a good option for you.