Find Mortgage Lenders Near You in Decatur, AL
Browse mortgage lenders serving Decatur, 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 lenders in Decatur, 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 Decatur, Alabama help homebuyers secure financing for residential properties. Alabama law requires lenders to be licensed through the Alabama State Banking Department. Local lenders understand the Decatur real estate market and can guide you through the loan process from pre-approval to closing.
What Does a Mortgage Lender in Decatur Cost?
Typical costs for a mortgage in Alabama include an origination fee of 0.5% to 1% of the loan amount, appraisal fees of $400 to $700, and title insurance of $500 to $1,000. Closing costs generally range from 2% to 5% of the purchase price. 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 documents do I need to apply for a mortgage in Decatur?
You typically need pay stubs, tax returns, bank statements, and a photo ID. Alabama lenders also require proof of homeowners insurance before closing.
How long does the mortgage process take in Alabama?
The process usually takes 30 to 45 days from application to closing. Alabama law requires a three-day rescission period after signing the loan documents.
Are there first-time home buyer programs in Decatur?
Yes, the Alabama Housing Finance Authority offers down payment assistance and low-interest loans for first-time buyers. Local lenders can help you apply for these programs.