Huntsville Mortgage Broker
Find a Huntsville, Alabama (AL) mortgage broker. We have access to several Huntsville mortgage lenders who are competing for your business. Let us do the shopping for you.
Huntsville, Alabama is known as “The Rocket City” because of the rocket and space development done in the city. Huntsville is home to over 158,000 residents and over 73,670 housing units. With the median value of owner occupied housing units being $97,300, housing is affordable despite being in a major city in Alabama
Alabama Mortgage Facts
- Non-Community Property State - Since Alabama is a non-community property state, you do NOT need to include the liabilities of your spouse, when applying for a Alabama mortgage, if you choose to leave them off of the loan.
- High Closing Cost State - HUD has determined certain states to be high closing cost states and others to be low closing cost states. Alabama is classified as a high closing cost state due to higher priced title fees. If you are moving to Alabama from another state, be aware of these costs.
- Mortgage Tax State - Be aware, there is a state tax that is assessed on all Alabama mortgages. This tax is $1.50 per $1000 of loan amount.