Mobile Mortgage Broker
Find a Mobile, Alabama (AL) mortgage broker. We have access to several Mobile mortgage lenders who are competing for your business. Let us do the shopping for you.
Over 198,000 people proudly call Mobile, Alabama home. Mobile is a city of great historical significance, as it was the original capital of the Louisiana Purchase. While holding on to their strong history, Mobile has had no problem adding modern amenities to the great city. Experts suggest that buyers in the Mobile market proceed with caution and lock in at a favorable interest rate because of the unpredictable behavior of the housing market.
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.