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 Alabama before hiring.
Showing 5 mortgage brokers in Pelham, 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.
South Oak Title
3156 Pelham Pkwy #4, Pelham, AL 35124
2056242121
Welcome Home Mortgage
2715 Pelham Pkwy Ste A, Pelham, AL 35124
2053583423
Alabama Mortgage Professionals Association
108 Windsor Ln, Pelham, AL 35124
2562210515
First Custom Mortgage Inc
2166 Pelham Pkwy, Pelham, AL 35124
2054440990
First Mortgage Consultants
1970 Chandalar Office Park Cir, Pelham, AL 35124
2056201881
What Does a Mortgage Broker in Pelham Cost?
Mortgage broker fees in Alabama typically range from 1% to 2% of the loan amount. For a $250,000 home loan, this means a fee of $2,500 to $5,000. Some brokers charge a flat fee of $1,000 to $3,000 instead of a percentage. Lenders may also pay the broker through yield spread premiums, which can reduce your upfront cost. Costs vary by loan type and broker agreement. This is general information, 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?
Mortgage brokers in Alabama must hold a Mortgage Broker License from the Alabama State Banking Department. They also register through the Nationwide Multistate Licensing System and Registry. This ensures they meet state education and background check requirements.
How do I choose a mortgage broker in Pelham?
Look for a broker with a valid Alabama license and positive client reviews. Ask about their experience with local lenders and their knowledge of Shelby County property values. A good broker will explain loan options clearly and provide a written estimate of costs.