Alabama Mortgage Loans

At Alabamas mortgage dot com you'll find mortgage agents, brokers, loan offers and bankers in Birmingham Alabama that will help you to secure the best Birmingham mortgage loan for your situation. These resources include mortgage tips, articles, rates and calculators, plus a directory of qualified Alabama lenders. We are committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, so we offer a variety of mortgage loans agents tailored to meet your individual requirements
 

 

Huntsville Commercial and Home Mortgage Companies

Advanced Mortgage
(205) 640-4148 Birmingham, AL

Walton Mortgage Services
(205) 678-0476

America's First Federal Credit Union
(205) 320-4000 1200 4th Ave N
Birmingham, AL

Henger Rast And Associates LLC
Professional mortgage banking services
(205) 271-1210 Birmingham, AL

Alabama Central Credit Union
(205) 591-2228 3601 4th Ave S
Birmingham, AL

First Federal Mortgage
(205) 970-9339 2868 Acton Rd
Birmingham, AL

Citizens Trust Bank
(205) 328-2041 1700 3rd Ave N
Birmingham, AL

Mutual Savings Credit Union
(205) 682-1100 2040 Valleydale Rd
Hoover, AL

MortgageAmerica Inc
(205) 970-3000 1800 International Park Dr
Hoover, AL


New Era Mortgage
(205) 343-2891 Birmingham, AL

Liberty Mortgage Corp
(205) 823-2895 200 Williamsburg Office Park
Vestavia Hills, AL

Acceptance Loan Company
(205) 663-5821 2834-H Pelham Pkwy
Pelham, AL

Alamerica Mortgage Corp
(205) 558-4672 Birmingham, AL

Austin Mortgage Group
Purchases~ Refinancing~ Construction Loans
(205) 871-7337 200 Office Park Dr
Mountain Brook, AL

1stusamortgageservice.com
Let 1stUsaMortgageService.com Be Your 1st Choice
(310) 715-2191 Birmingham, AL

Zero Down Mortgage
We can finance just about anyone. Visit the website & apply online. ...
(205) 681-4077 4316 Center Point Rd
Pinson, AL

Wall Street Associates
Mortgages~ Security Investments~ Direct Rollovers~ Insurance
(205) 785-9888 6704 Grasselli Rd
Fairfield, AL

Business Group USA
Your One-Stop On-Line Shopping Mall. Shop For
(317) 421-3899 Birmingham, AL

L & D Financial
Home Building-Credit Repair-Home Loans-Business
(469) 272-3444 Birmingham, AL

Premier Living Mortgage
(205) 979-2660 2736 Tyler Rd
Vestavia Hills, AL Map

Diversified Mortgage
(205) 879-5626 500 Office Park Dr
Mountain Brook, AL

Clarke Company Mortgage LLC
(205) 786-3100 304 Princeton Pkwy SW
Birmingham, AL

Mortgage Max
(205) 314-4540 2 Chase Corporate Dr
Hoover, AL

Wachovia Mortgage
(256) 439-2408 3400 Rainbow Dr
Rainbow City, AL

 

Some Birmingham mortgage professionals say they are experiencing a big drop in mortgage applications

 

Some Birmingham mortgage professionals say they are experiencing a drop in mortgage applications, reflecting a national trend. Bill May, president of Accent Mortgage, said the number of applicants seeking mortgages from his firm is down significantly from a year ago and that others in the industry are experiencing similar drops. He said national media coverage of the housing market is scaring away potential homebuyers. In addition, May blames fallout from recently approved federal legislation that prohibits loan down-payment assistance from nonprofits. May said that provision, which goes into effect Oct. 1, is especially hurtful to young homebuyers who don't have as much cash to put down for a mortgage.

 

"The housing industry is really struggling right now," said May, past president of Alabama Mortgage Brokers Association. "Realtors are having problems selling houses. Many builders are sweating every day because properties aren't moving." The national Mortgage Bankers Association reported Wednesday that mortgage application volume nationally fell to its lowest level since December 2000 for the week ending Aug. 15. The trade group said mortgage applications are down 61 percent since February. Grayson Glaze, executive director of Alabama Center for Real Estate, said there is a reason for the decline - bad economic news in the housing sector. "The last two months of weekly mortgage application activity have revealed a mixed bag but with a common denominator - a significant decline in volume when compared to its prior year," he said.

 

Freddie Mac said in a release Thursday that signs of housing weakness continue despite historically affordable mortgage rates. The government-chartered agency that buys mortgages from banks said 30-year fixed rates averaged 6.47 percent this week, below the 6.52 percent average from last week and a year earlier. For example, housing starts in July fell to the slowest pace since March 1991 and homebuilder confidence in August was at a record low, said Frank Nothaft, chief economist for Freddie Mac. Scott McFadden, president of Birmingham-based MortgageBanc, said his overall mortgage applications have remained steady but his refinancing business is down about 15 percent from a year ago. McFadden said he's not surprised at the Mortgage Bankers Association report on a big drop in mortgage applications. Those numbers probably are skewed by sales declines in once overheated markets like Florida and California, he said. "It is normal at this time of year for mortgage applications to decline as school starts back," McFadden said. "Some of it is seasonal, some of it is concern about the economy.

 

The good news for Birmingham is that our market isn't being hurt as bad as other places." Rob Henger, president of Henger Rast Mortgage, said he expects mortgage applications to climb in coming months as more consumers become aware of the advantages of FHA loans, which provide government-backed insurance incentives to lenders. Henger said he has seen an increase in business from holders of adjustable rate mortgages who are refinancing to FHA loans.

 

Birmingham Mortgage Rate August 26 2008

 

Birmingham Alabama Home Mortgage Rates for August 26, 2008 are as follows...

15 yr fixed          6.00%

30 yr fixed          6.47%

5 yr ARM           5.99%

30 yr fixed FHA 6.25 %

15 yr fixed FHA 6.00%

Please note that all mortgage rates are subject to change throughout the day and are subject to things such as:

•1.      Your credit score

•2.      Debt to Income Ratio

•3.      Down Payment

Please contact a mortgage professional for specific rates or for a recommendation

AmSouth Bank: Loans-Residential Mortgage
1900 5th Ave N
Birmingham, AL
(205) 581-7900

Superior Bank: Mortgage Loans
17 20th St N
Birmingham, AL
(205) 326-2265

Regions Mortgage: Birmingham
417 20th St N # 150
Birmingham, AL
(205) 326-7808

Renasant Bank Mortgage Loans
301 20th St N
Birmingham, AL
(205) 968-5640

Lifestyle Mortgage, LLC
2100 SouthBridge Pkwy
Homewood, AL
(205) 414-7529

Wachovia Mortgage Corporation
420 20th St N
Birmingham, AL
(205) 254-5137

Southern Capital Resources
100 Century Park South
Birmingham, AL
(205) 823-1727

Wells Fargo Home Mortgage
2308 1st Avenue North
Birmingham, AL
(205) 327-4151

First Southeast Mortgage
2700 Highway 280 South
Birmingham, AL
(205) 871-7300

America's First Federal Credit Union
1200 4th Ave N
Birmingham, AL
(205) 320-4000

Fab Mortgage
1927 1st Ave N
Birmingham, AL
(205) 583-3290

First Lenders Mortgage Corporation
85 Bagby Dr # 204
Birmingham, AL
(205) 942-9696

Mortgage South
2501 20th Pl S # 410
Birmingham, AL
(205) 879-5363

Citizens Trust Bank
1700 3rd Ave N
Birmingham, AL
(205) 328-2041

First Federal Mortgage
2868 Acton Rd
Birmingham, AL
(205) 970-9339

Alabama Central Credit Union: Administration
3601 4th Ave S
Birmingham, AL
(205) 591-2228

Synovus Mortgage Corporation
2204 Lakeshore Dr # 325
Birmingham, AL
(205) 874-1497

Wells Fargo Home Mortgage
1 Chase Corporate Dr # 100
Birmingham, AL
(205) 444-1900

Allied Home Mortgage Capital
1629 11th Ave S
Birmingham, AL
(205) 930-4966

American General Financial Services
430 Green Springs Hwy # 13
Birmingham, AL
(205) 942-2932

Clarke Company Mortgage
304 Princeton Pkwy SW
Birmingham, AL
(205) 786-3100

PMG Mortgage Corporation.
2021 Tyson Drive
Birmingham, AL
(205) 443-0086

Mortgage America Inc
1800 International Park Dr
Birmingham, AL
(205) 970-3000

Austin Mortgage Group
200 Office Park Dr
Mountain Brook, AL
(205) 871-7337

Wells Fargo Financial
6530 Aaron Aronov Dr # B5
Fairfield, AL
(205) 781-0036

Hamilton Mortgage Corporation
1 Independence Plz # 416
Birmingham, AL
(205) 870-7333

Alamerica Mortgage Corporation
2170 Highland Ave S
Birmingham, AL
(205) 558-4672

AM Robbins Mortgage Inc
100 Union Hill Dr # 300
Birmingham, AL
(205) 871-1905

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