Find Mortgage Lenders Near You in Montgomery, AL
Browse mortgage lenders serving Montgomery, 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 Montgomery, 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.
Montgomery Alabama home buyers and homeowners can work with licensed mortgage lenders to secure financing for a home purchase or refinance. Alabama law requires mortgage lenders to be licensed through the Alabama Banking Department and comply with state regulations. Local lenders in Montgomery understand the Montgomery housing market and can guide you through the loan process.
What Does a Mortgage Lender in Montgomery Cost?
Typical costs for a mortgage in Alabama include an origination fee of 0.5 to 1 percent of the loan amount, an appraisal fee of 400 to 700 dollars, and title insurance costs of 500 to 1,500 dollars. Closing costs in Alabama generally range from 2 to 5 percent 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 license do mortgage lenders need in Alabama?
Mortgage lenders in Alabama must hold a license from the Alabama Banking Department or be registered as a mortgage broker. This license ensures they follow state laws and consumer protection rules.
What is the typical down payment for a home in Montgomery?
Down payment requirements vary by loan type. Conventional loans may require 3 to 20 percent down. FHA loans allow as little as 3.5 percent down. USDA loans in rural areas near Montgomery may require zero down payment.