Montgomery Mortgage Broker
Find a Montgomery, Alabama (AL) mortgage broker. We have access to several Montgomery mortgage lenders who are competing for your business. Let us do the shopping for you.
The historical city of Montgomery is the capital of the state of Alabama and is home to over 201,000 people. Montgomery is the birthplace to the Civil War and the Civil Rights Movements. The housing market in the city has been booming in recent time. Experts are saying that the market is ideal for both buyers and sellers.
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.