Mortgage Lenders in Birmingham, AL
Compare mortgage lenders in Birmingham. Review contact information and insurance categorys before you decide.
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 20 mortgage lenders in Birmingham, 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 lenders in Birmingham Alabama help homebuyers secure financing for residential properties. Alabama law requires all mortgage loan originators to be licensed through the Alabama State Banking Department. Local lenders understand the Birmingham real estate market and can guide you through conventional FHA and VA loan options.
What Does a Mortgage Lender in Birmingham Cost?
Typical costs for a mortgage lender in Alabama include an origination fee of 0.5 to 1 percent of the loan amount plus third party fees such as appraisal 400 to 700 dollars and title insurance 500 to 1 500 dollars. Alabama charges a state mortgage tax of 15 cents per 100 dollars borrowed. Costs vary by loan type property value and lender. 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 do mortgage lenders need in Alabama?
Mortgage loan originators in Alabama must hold a valid license from the Alabama State Banking Department through the Nationwide Multistate Licensing System. This license must be renewed annually and includes background checks and continuing education requirements.
How long does a mortgage loan process take in Birmingham?
A typical mortgage loan process in Birmingham takes 30 to 45 days from application to closing. Alabama law requires a three day rescission period for refinances but not for purchase loans.