Alabama Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Alabama averaged 6.27% for the week of 2024-02-15, compared to the national average of 6.77% for the same period.

The average rate for the prior week (2024-02-08) was 6.54% and one month ago for the week of 2024-01-11, the average rate was 6.46%.

Alabama's average rate one year ago was 5.72%.

For refis of the same type during the week of 2024-02-15, the average rate was 6.19%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-15 6.77%
Alabama 30 Year Fixed Rate 2024-02-15 6.27%
Alabama 30 Year Fixed Rate Refi 2024-02-15 6.19%
Alabama 15 Year Fixed Rate 2024-02-15 5.85%
Alabama 15 Year Fixed Rate Refi 2024-02-15 5.46%
Alabama 30 Year FHA 2024-02-15 6.18%
Alabama 30 Year FHA Refi 2024-02-15 5.2%
Alabama 30 Year USDA 2024-02-15 5.87%
Alabama 30 Year USDA Refi 2024-02-15 6.69%
Alabama 30 Year VA 2024-02-15 5.95%
Alabama 30 Year VA Refi 2024-02-15 4.09%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Alabama.

Alabama Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Alabama market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 3,086 4.97% $6,287
Trustmark National Bank 2,685 4.79% $3,646
Regions Bank 2,178 4.82% $4,279
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,994 4.99% $4,582
UNITED WHOLESALE MORTGAGE, LLC 1,802 5.18% $5,817
Renasant Bank 1,451 4.87% $4,452
FirstBank 1,236 4.89% $4,647
LOANDEPOT.COM, LLC 1,059 4.57% $5,440
MOVEMENT MORTGAGE, LLC 1,008 5.09% $4,649
Wells Fargo Bank 954 4.87% $3,907
First Federal Bank, A FSB 930 4.91% $4,511
BancorpSouth 929 4.80% $3,988
DHI MORTGAGE COMPANY, LTD. 908 4.27% $2,577
REDSTONE Federal Credit Union 858 5.28% $2,641
GMFS LLC 810 4.62% $4,138
Hometown Lenders, Inc. 730 4.96% $5,644
GUILD MORTGAGE COMPANY 663 5.20% $5,416
River Bank & Trust 616 4.58% $3,881
HOME POINT FINANCIAL CORPORATION 595 4.62% $5,693
PENNYMAC LOAN SERVICES, LLC 548 4.51% $5,344
Synovus Bank 523 4.82% $4,147
SouthPoint Bank 518 4.95% $5,208
South State Bank 462 4.52% $6,284
Mr. Cooper ( Nationstar Mortgage ) 461 4.77% $7,303
Assurance Financial Group, L.L.C. 431 5.29% $5,180
INTERLINC MORTGAGE SERVICES, LLC 415 4.75% $3,534
VANDERBILT MORTGAGE AND FINANCE, INC. 414 5.27% $4,990
CALIBER HOME LOANS, INC. 403 4.92% $5,725
Prosperity Home Mortgage, LLC 388 5.19% $4,402
Listerhill Credit Union 373 4.36% $2,686
CROSSCOUNTRY MORTGAGE, LLC 362 5.13% $5,846
AMERICA'S FIRST 353 3.75% $5,041
Citizens Bank 350 4.67% $5,854
NAVY FEDERAL CREDIT UNION 335 5.21% $3,877
Truist 333 4.50% $4,164
First Horizon Bank 329 4.62% $3,968
FIRST COMMUNITY MORTGAGE, INC. 329 4.84% $4,819
TJC Mortgage, Inc. 325 5.14% $5,564
CMG MORTGAGE, INC. 310 4.77% $7,246
ServisFirst Bank 298 4.90% $5,756
Ameris Bank 284 5.06% $4,826
JPMorgan Chase Bank 284 4.82% $4,037
AMERISAVE MORTGAGE CORPORATION 264 4.37% $6,950
BROKER SOLUTIONS, INC. 262 5.02% $5,335
PNC Bank 259 4.56% $4,176
Progress Bank and Trust 259 4.63% $5,141
FREEDOM MORTGAGE CORPORATION 257 4.79% $5,580
Bank Independent 249 4.80% $4,831
CERTAINTY HOME LOANS, LLC 249 5.04% $6,858
MORTGAGE INVESTORS GROUP, INC. 249 4.81% $4,880
GUARANTY HOME MORTGAGE CORPORATION 217 5.18% $5,587
NEWREZ LLC 205 4.70% $4,734
Bank of England 196 5.05% $5,478
Flagstar Bank, FSB 183 4.56% $3,944
MAX Credit Union 170 4.83% $4,089
UNION HOME MORTGAGE CORP. 170 5.10% $4,851
Bank of America 167 4.04% $4,445
EVERETT FINANCIAL, INC. 166 5.24% $2,022
BETTER MORTGAGE CORPORATION 164 4.24% $4,111
CB&S Bank, Inc. 159 5.10% $3,478
Alabama One Credit Union 155 4.84% $3,963
U.S. Bank 154 4.71% $4,873
FBC MORTGAGE, LLC 152 5.02% $6,042
HOMESTAR FINANCIAL CORPORATION 147 5.18% $4,071
PRIMELENDING, A PLAINSCAPITAL COMPANY 145 5.02% $4,797
APCO EMPLOYEES 135 4.25% $3,255
THE MORTGAGE FIRM, INC. 135 5.37% $5,053
CARDINAL FINANCIAL 134 5.02% $5,880
DSLD MORTGAGE, LLC 131 4.85% $1,791
ALABAMA CREDIT UNION 125 4.24% $4,634
Hamilton Mortgage Corporation 124 4.87% $4,336
ALABAMA TEACHERS 123 4.03% $2,484
Morgan Stanley Private Bank 109 4.02% $3,339
Bryant Bank 103 4.79% $4,214
Liberty Mortgage Corporation 100 4.59% $3,256
KELLER MORTGAGE, LLC 98 4.83% $3,938
LAKEVIEW LOAN SERVICING, LLC 97 4.61% $4,294
Community Bank of Mississippi 96 4.76% $4,718
Tyndall Federal Credit Union 96 5.01% $3,265
Northpointe Bank 94 5.05% $6,339
GUARANTEED RATE, INC. 92 4.94% $4,647
Hancock Whitney Bank 91 4.49% $5,259
CHURCHILL MORTGAGE CORPORATION 88 5.20% $5,049
Mortgage Research Center, LLC 88 5.40% $3,620
SWBC MORTGAGE CORPORATION 87 4.94% $2,978
MUTUAL OF OMAHA MORTGAGE, INC. 86 4.64% $5,618
SECURITYNATIONAL MORTGAGE COMPANY 86 4.77% $5,852
AMERICAN FINANCING CORPORATION 84 4.63% $5,050
Pinnacle Bank 82 4.86% $4,453
ROYAL UNITED MORTGAGE LLC 81 5.69% $6,754
LEADERONE FINANCIAL CORPORATION 78 5.22% $6,244
Stifel Bank and Trust 78 3.59% $2,665
EMBRACE HOME LOANS, INC. 77 5.29% $5,424
HOMEBRIDGE FINANCIAL SERVICES, INC. 76 5.00% $5,645
HUNT MORTGAGE CORPORATION 76 5.15% $4,818
Consumer First Mortgage, Inc. 75 4.69% $4,959
AOD Federal Credit Union 75 3.89% $3,906
Ally Bank 72 4.30% $4,252
Gateway First Bank 72 5.09% $5,005
EAGLE HOME MORTGAGE, LLC 71 5.75% $5,622
ARK-LA-TEX FINANCIAL SERVICES, LLC. 70 5.36% $4,650
HOMESIDE FINANCIAL, LLC 68 4.93% $5,264
SOUTHWEST FUNDING, LP 66 5.30% $6,673
USAA Federal Savings Bank 64 5.75% $5,296
NBKC BANK 63 4.90% $3,268
Carrington Mortgage Services, LLC 63 4.85% $5,546
Troy Bank and Trust Company 61 4.69% $3,457
FINANCE OF AMERICA MORTGAGE LLC 60 4.81% $5,499
ANGEL OAK MORTGAGE SOLUTIONS LLC 59 6.49% $9,694
PENTAGON FEDERAL CREDIT UNION 58 4.88% $3,233
BAY EQUITY LLC 57 5.00% $4,914
AmeriHome Mortgage Company, LLC 57 4.58% $4,842
AMERICAN PACIFIC MORTGAGE CORPORATION 56 5.33% $5,691
Nations Lending Corporation 55 4.97% $5,131
TVA Community Credit Union 53 3.77% $2,431
ENVOY MORTGAGE, LTD 51 5.13% $4,823
21ST MORTGAGE CORPORATION 50 7.00% $5,803
DRAPER AND KRAMER MORTGAGE CORP. 47 4.85% $5,516
SUCCESS MORTGAGE PARTNERS, INC. 47 5.13% $5,343
First National Bank of America 46 9.16% $8,421
Plains Commerce Bank 46 5.23% $4,589
SmartBank 46 4.31% $3,721
Five Star Credit Union 46 5.08% $4,171
DELMAR FINANCIAL COMPANY 45 5.34% $5,213
Sierra Pacific Mortgage Company, Inc. 45 4.28% $5,140
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 45 5.25% $4,405
Discover Bank 44 5.38% $0
Goldwater Bank, N.A. 44 5.20% $5,235
ZILLOW HOME LOANS, LLC 44 5.25% $4,502
PLANET HOME LENDING, LLC 43 5.08% $5,532
M&T Bank 43 4.80% $4,961
Valley National Bank 43 4.63% $3,267
HOMEOWNERS FINANCIAL GROUP USA, LLC 42 5.43% $5,809
New Horizons Credit Union 42 3.98% $4,999
CIS Financial Services, Inc. 42 5.40% $5,720
DIRECT MORTGAGE LOANS, LLC 41 5.18% $5,306
AMERIFIRST FINANCIAL CORPORATION 40 5.43% $6,387
PHH Mortgage Corporation 38 4.79% $5,626
CHERRY CREEK MORTGAGE, LLC 38 5.47% $807
RELIANCE FIRST CAPITAL, LLC 37 5.64% $6,789
The Home Loan Expert LLC 37 4.87% $5,539
First Federal Bank 37 4.77% $5,062
AVADIAN 36 3.35% $5,219
Metro City Bank 36 4.54% $5,530
BankPlus 35 4.78% $4,071
PREMIA MORTGAGE, LLC 35 4.67% $1,589
HOMETRUST MORTGAGE COMPANY 35 4.81% $2,791
AMERICAN HOME LENDING USA, LLC 34 5.14% $6,699
North American Savings Bank, F.S.B. 33 5.43% $3,708
Colten Mortgage, LLC 31 4.85% $4,810
Heritage South Credit Union 29 4.93% $2,189
BankFirst Financial Services 28 5.48% $4,740
Wyndham Capital Mortgage, Inc. 28 4.65% $3,814
Eco Credit Union 27 3.73% $4,554
CITY FIRST MORTGAGE SERVICES, L.L.C. 26 4.76% $5,985
Capitol Federal Savings Bank 26 4.50% $5,241
CRESCENT MORTGAGE COMPANY 26 4.49% $3,717
SUMMIT FUNDING, INC. 25 5.42% $6,206
SOUTHEAST MORTGAGE OF GEORGIA, INC. 24 5.54% $7,605
United Community Bank 24 6.10% $3,919
GUARANTEED RATE AFFINITY, LLC 24 4.65% $3,651
Magnolia Bank 23 4.63% $5,987
NFM, INC. 23 5.93% $4,551
EMM LOANS LLC 23 5.49% $7,644
Raymond James Bank 23 3.80% $2,814
ACOPIA, LLC 22 5.28% $6,410
Paramount Residential Mortgage Group, Inc. 22 5.38% $5,667
GENEVA FINANCIAL, LLC 22 5.19% $5,165
COMMUNITY MORTGAGE CORPORATION 22 4.33% $5,188
STOCKTON MORTGAGE CORPORATION 21 4.64% $5,815
Ixonia Bank 21 5.55% $5,066
BNC National Bank 20 4.84% $3,752
Fifth Third Bank 20 4.92% $4,618
HONDA Federal Credit Union 20 4.91% $3,060
Capital City Home Loans, LLC 20 4.79% $4,195
Wolfe Financial, Inc 20 5.58% $6,627
Alcova Mortgage LLC 19 5.24% $4,527
EVANSVILLE TEACHERS 18 5.28% $3,656
Princeton Mortgage Corporation 18 6.35% $5,314
Pen Air Federal Credit Union 18 4.08% $2,704
AlaTrust Credit Union 18 4.26% $3,299
Gulf Winds Credit Union 18 4.17% $2,394
RESIDENTIAL BANCORP 18 4.44% $5,479
DAS Acquisition Company, LLC 18 4.57% $5,327
CHEVRON 18 4.67% $3,749
DELTA COMMUNITY CREDIT UNION 17 4.40% $4,621
Simmons Bank 17 4.31% $3,062
PACIFIC RESIDENTIAL MORTGAGE, LLC 17 5.32% $5,909
First Guaranty Mortgage Corporation 17 3.83% $6,029
FirstTrust Home Loans, Inc. 17 5.51% $5,024
NexBank 17 5.08% $5,884
PRIMARY RESIDENTIAL MORTGAGE, INC. 17 4.95% $5,495
The Central Trust Bank 16 4.40% $3,306
Total Media Management, LLC 16 5.29% $5,582
UBS Bank USA 15 4.07% $3,971
RUOFF MORTGAGE COMPANY, INC. 15 5.59% $2,512
Colony Bank 15 4.83% $3,428
EUSTIS AND AMERICAN MORTGAGE COMPANY 15 5.49% $3,981
Centennial Bank 15 5.65% $3,731
Citibank 15 4.21% $5,596
ANGEL OAK HOME LOANS LLC 15 6.13% $6,856
GoPrime Mortgage, Inc. 15 4.80% $4,390
BANK OF LITTLE ROCK MORTGAGE CORPORATION 15 4.38% $4,501
The Federal Savings Bank 14 5.12% $7,470
Jefferson Credit Union 14 4.60% $5,557
Amerifirst Financial, Inc. 14 4.63% $3,486
First Option Mortgage, LLC 13 4.93% $6,311
MICHIGAN MUTUAL, INC. 13 4.75% $5,287
DEEPHAVEN MORTGAGE LLC 13 7.53% $13,687
Florida Capital Bank 13 4.48% $5,725
SUN WEST MORTGAGE COMPANY, INC. 13 4.48% $4,037
Arvest Bank 13 4.29% $3,922
HOPE FEDERAL CREDIT UNION 13 5.20% $5,386
FIDELITY BANK 13 4.38% $5,565
Charles Schwab Bank, SSB 13 3.90% $2,949
PLAZA HOME MORTGAGE, INC. 12 5.48% $9,043
First Home Bank 12 4.88% $4,645
NETWORK CAPITAL FUNDING CORPORATION 12 5.64% $5,235
Beeline Loans, Inc. 12 5.91% $4,901
Waterstone Mortgage Corporation 12 5.00% $4,658
MILEND, INC. 11 5.14% $8,524
Baxter Credit Union 11 3.75% $3,100
The First National Bank of Middle Tennessee 11 4.19% $5,964
HOMESTEAD FUNDING CORP. 11 4.24% $3,380
City National Bank 11 3.89% $4,163
Merchants & Marine Bank 10 4.92% $5,486
AMERICAN INTERNET MORTGAGE, INC. 10 4.53% $5,571
Armed Forces Bank 10 5.48% $4,787
BANKSOUTH MORTGAGE COMPANY, LLC 10 4.28% $4,735
HOMESPIRE MORTGAGE CORPORATION 10 4.59% $4,342
SIRVA MORTGAGE, INC. 10 5.54% $1,379
SOUTHPOINT FINANCIAL SERVICES, INC. 10 5.45% $5,302
TENNESSEE VALLEY 10 4.55% $3,591
The Huntington National Bank 10 5.21% $4,609
LOANPAL, LLC 9 5.20% $6,644
AMERICAN MORTGAGE SERVICE COMPANY 9 4.92% $3,873
First Savings Bank 9 4.32% $6,012
MORTGAGE ACCESS CORP. 9 5.14% $4,476
GUIDANCE RESIDENTIAL, LLC 9 5.03% $5,387
THRIVE MORTGAGE, LLC 9 4.60% $3,717
Victorian Finance, LLC 9 5.94% $5,480
KEESLER 9 3.97% $2,900
KeyBank 9 3.74% $6,448
GSF Mortgage Corporation 9 5.82% $11,403
Barrington Bank & Trust Company, N.A. 9 5.14% $5,113
SOFI LENDING CORP. 8 3.83% $4,735
Chicago Mortgage Solutions LLC 8 4.40% $5,271
Sunflower Bank 8 5.42% $5,643
ASCEND FEDERAL CREDIT UNION 8 4.34% $3,104
Deere Employees Credit Union 8 2.94% $3,299
Legends Bank 8 5.62% $3,066
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 8 5.45% $6,086
ACADEMY MORTGAGE CORPORATION 8 5.11% $5,618
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 8 6.90% $5,548
ARC HOME LLC 8 6.92% $9,490
Cornerstone First Mortgage, Inc 8 4.42% $4,373
T2 FINANCIAL LLC 8 4.78% $6,499
ENCORE BANK 7 4.59% $3,616
ATHAS CAPITAL GROUP, INC. 7 6.93% $17,461
Quontic Bank 7 6.96% $8,298
CALCON MUTUAL MORTGAGE LLC 7 4.27% $4,859
Citadel Servicing Corporation 7 7.98% $6,771
NAVIGATOR CU 7 5.86% $3,712
MCLEAN MORTGAGE CORPORATION 7 4.36% $4,732
CREDIT UNION MORTGAGE ASSOCIATION, INC. 7 4.59% $4,057
SHELTER HOME MORTGAGE, LLC 7 6.14% $5,476
Watermark Capital, Inc. 7 4.37% $7,120
JUSTICE Federal Credit Union 7 5.07% $4,798
STAR ONE CREDIT UNION 7 3.86% $2,018
Austin Capital Bank SSB 7 5.38% $4,815
VAN DYK MORTGAGE CORPORATION 6 4.50% $7,141
Equity Prime Mortgage LLC 6 5.58% $8,630
MID AMERICA MORTGAGE, INC. 6 4.46% $3,777
ALL IN 6 4.94% $3,963
CORNERSTONE HOME LENDING, INC. 6 5.50% $8,681
WINGS FINANCIAL 6 4.42% $3,538
ATLANTA POSTAL 6 3.37% $4,325
Strong Home Mortgage, LLC 6 4.29% $2,803
BAYSHORE MORTGAGE FUNDING, LLC 6 5.44% $5,023
MEMBER FIRST MORTGAGE, LLC 6 5.23% $3,838
Republic Bank & Trust Company 6 4.08% $4,144
CapStar Bank 6 5.38% $4,994
LENDSURE MORTGAGE CORP. 5 6.85% $14,592
Countybank 5 4.90% $3,561
CANOPY MORTGAGE, LLC 5 4.15% $3,706
NATIONS DIRECT MORTGAGE, LLC 5 6.37% $6,631
NORTHROP GRUMMAN Federal Credit Union 5 4.70% $5,155
First Internet Bank of Indiana 5 5.40% $4,092
Warsaw Federal Savings and Loan Association 5 5.94% $4,937
GEORGIA'S OWN 5 5.68% $3,482
First South Farm Credit, ACA 5 6.97% $3,378
INTERCAP LENDING INC. 5 3.90% $3,536
ALLIED MORTGAGE GROUP, INC. 5 4.62% $3,042
Goldman Sachs Bank USA 5 3.66% $4,417
EASTMAN 5 4.23% $3,854
LENOX FINANCIAL MORTGAGE CORPORATION 5 4.40% $4,332
S1L, Inc. 5 5.18% $5,861
DIRECT LENDERS, LLC 5 5.68% $2,238
DIGITAL Federal Credit Union 5 4.65% $3,395
RESIDENTIAL WHOLESALE MORTGAGE, INC. 5 5.60% $4,361
AMERICAN FINANCIAL RESOURCES, INC. 5 5.00% $4,687
BMO Harris Bank 5 4.15% $3,987
RAPID MORTGAGE COMPANY 4 6.31% $7,656
First-Citizens Bank & Trust Company 4 4.75% $3,589
HARVESTERS FEDERAL CREDIT UNION 4 5.65% $5,482
HANCOCK MORTGAGE PARTNERS, LLC 4 5.72% $8,204
UNIFY FINANCIAL Credit Union 4 4.28% $2,189
KINETIC FEDERAL CREDIT UNION 4 5.03% $3,334
BOKF 4 5.28% $4,572
Servion, Inc. 4 4.81% $4,738
Bank of Tennessee 4 5.87% $8,964
TOWER 4 3.66% $4,890
LIBERTY HOME MORTGAGE CORPORATION 4 5.94% $5,265
OCEANSIDE MORTGAGE COMPANY 4 4.28% $2,813
MLD MORTGAGE INC. 4 4.22% $7,223
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 5.03% $6,083
Colonial Savings, F.A. 4 6.44% $5,258
PREMIER MORTGAGE RESOURCES, L.L.C. 4 5.28% $5,752
Commerce Home Mortgage, Inc. 4 5.19% $13,547
Evolve Bank & Trust 4 5.03% $3,382
HOMEXPRESS MORTGAGE CORP. 4 7.19% $12,659
STANDARD MORTGAGE CORPORATION 4 4.09% $2,718
Blue Ridge Bank 4 5.44% $4,433
Fidelity Bank 4 5.16% $4,744
BNY Mellon 3 3.92% $3,488
Cross Keys Bank 3 3.29% $3,295
NATIONS RELIABLE LENDING, LLC 3 4.46% $5,515
CONTOUR MORTGAGE CORPORATION 3 6.00% $4,212
F&A Federal Credit Union 3 4.21% $1,373
Greenbox Loans, Inc. 3 8.00% $16,568
INSPIRE HOME LOANS INC. 3 5.13% $3,922
Origin Bank 3 5.46% $4,830
SOVEREIGN LENDING GROUP INCORPORATED 3 5.50% $10,168
V.I.P. MORTGAGE, INC. 3 6.00% $3,857
The Bank of Missouri 3 4.00% $3,236
Bell Bank 3 5.17% $5,647
First Midwest Bank 3 3.46% $2,876
Paramount Bank 3 5.00% $4,976
RESOURCE FINANCIAL SERVICES, INC. 3 4.25% $4,265
ADVANCIAL 3 6.96% $8,152
F&M Bank 3 5.46% $3,929
AgFirst Farm Credit Bank 3 4.42% $3,745
Axos Bank 3 4.37% $4,170
The First, A National Banking Association 3 4.96% $3,021
Silicon Valley Bank 3 3.88% $3,634
Independent Bank 3 5.54% $5,101
LAND HOME FINANCIAL SERVICES, INC. 3 4.79% $3,746
First State Bank of St. Charles, Missouri 3 3.62% $4,856
Associated Credit Union 3 5.67% $4,893
TOWNE MORTGAGE COMPANY 3 5.54% $7,398
Leaders Credit Union 3 4.71% $2,762
Alabama Central Credit Union 3 3.75% $0
SeaTrust Mortgage Company 3 5.87% $4,174
STEARNS LENDING, LLC 2 3.19% $8,643
FLAT BRANCH MORTGAGE, INC. 2 6.06% $4,356
First Merchants Bank 2 4.00% $3,684
Gulf Coast Bank and Trust Company 2 4.94% $4,400
HAMILTON HOME LOANS, INC. 2 5.38% $4,147
First Federal Bank of Kansas City 2 3.88% $6,592
First Farmers and Merchants Bank 2 5.13% $2,789
FIRST COLONY MORTGAGE CORPORATION 2 6.19% $6,233
Financial Federal Bank 2 5.50% $2,614
Hometown Equity Mortgage, LLC 2 5.75% $3,766
FEDEX EMPLOYEES CREDIT ASSOCIATION 2 5.69% $5,021
HSBC BANK USA, NATIONAL ASSOCIATION 2 4.74% $4,148
IMPAC MORTGAGE CORP. 2 5.87% $2,797
INTERCOASTAL MORTGAGE COMPANY 2 5.00% $6,149
ISERVE RESIDENTIAL LENDING, LLC 2 4.38% $10,279
Encompass Lending Group, LP 2 5.88% $3,244
Elements Financial Federal Credit Union 2 5.00% $6,033
Low VA Rates, LLC 2 5.25% $5,356
Luxury Mortgage Corp. 2 7.25% $8,003
DATA MORTGAGE, INC. 2 5.81% $4,053
MICHIGAN FIRST CREDIT UNION 2 3.69% $5,431
Midwest Mortgage Associates Corporation 2 5.31% $6,133
MORTGAGE MANAGEMENT CONSULTANTS, INC. 2 4.12% $1,090
NATIONWIDE MORTGAGE BANKERS, INC. 2 5.25% $5,547
NBH Bank 2 3.88% $3,154
City Bank 2 5.44% $5,157
NMSI, INC. 2 6.00% $7,885
Northwest Bank 2 4.38% $4,406
Northwest Federal Credit Union 2 4.38% $2,564
Old National Bank 2 4.81% $2,961
CITIZENS EQUITY FIRST 2 3.38% $4,389
Christian Community Credit Union 2 3.44% $3,875
Cf Bank 2 4.50% $2,775
Century Mortgage Company DBA Century Lending Company 2 6.63% $5,535
PURDUE FEDERAL CREDIT UNION 2 4.69% $3,490
RBC Bank, (Georgia) 2 5.69% $1,798
BLUELEAF LENDING, LLC 2 3.94% $3,714
Bethpage Federal Credit Union 2 4.75% $3,571
Bank of Whittier 2 4.81% $4,389
Service Federal Credit Union 2 5.13% $3,974
ASPIRE FINANCIAL, INC. 2 4.75% $4,389
Academy Bank 2 5.38% $3,883
TEXAS TECH 2 4.19% $8,870
The Citizens National Bank of Meridian 2 4.25% $2,502
ANDREWS FEDERAL CREDIT UNION 2 4.25% $2,666
AMERICAN PORTFOLIO MORTGAGE CORPORATION 2 6.44% $7,885
TRIAD FINANCIAL SERVICES, INC. 2 4.75% $9,164
United Bank 2 5.44% $6,460
UNITED MORTGAGE CORP 2 5.88% $6,427
United Nations Federal Credit Union 2 3.50% $4,022
UNITED PREMIER FUNDING, LLC 2 4.00% $3,866
UNIVERSITY LENDING GROUP, LLC 2 4.63% $3,764
Vibrant Credit Union 2 4.25% $2,604
West Town Bank & Trust 2 4.75% $2,084
Wilmington Savings Fund Society, FSB 2 4.44% $3,008
First Western Trust Bank 2 5.19% $7,392
Central Bank 1 3.75% $2,751
Centra Credit Union 1 5.00% $2,827
CASTLE & COOKE MORTGAGE, LLC 1 3.75% $1,602
Community Trust Bank, Inc. 1 6.38% $2,911
COUNTRYPLACE MORTGAGE, LTD. 1 4.25% $5,505
PREMIER AMERICA 1 3.38% $4,020
MORTGAGE FINANCIAL SERVICES, LLC 1 4.38% $1,010
Mortgage Assurance Inc. 1 5.75% $2,944
Prime Choice Funding Inc. 1 3.75% $4,815
Byron Bank 1 5.28% $3,662
Busey Bank 1 4.88% $3,486
MORIA DEVELOPMENT, INC. 1 5.50% $3,022
Credence Funding Corporation 1 4.63% $10,596
ALLIANT CREDIT UNION 1 2.88% $2,656
MIDFLORIDA 1 6.00% $4,353
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 1 4.88% $5,753
RADIUS FINANCIAL GROUP INC. 1 5.75% $2,979
Meridian Bank Corporation 1 6.88% $3,489
1ST SIGNATURE LENDING, LLC 1 5.63% $8,941
German American Bank 1 5.88% $3,376
Red River Bank 1 4.00% $5,024
US MORTGAGE CORPORATION 1 6.13% $4,133
GEORGIA UNITED 1 6.63% $5,943
BEST CAPITAL FUNDING 1 4.88% $11,974
Merchants Bank of Indiana 1 5.88% $6,172
MEMBERS 1ST FEDERAL CREDIT UNION 1 4.75% $3,196
BECKAM FUNDING CORP. 1 6.00% $16,990
MAYO EMPLOYEES FEDERAL CREDIT UNION 1 4.75% $9,507
Marine Bank 1 4.00% $2,649
Devon Bank 1 5.25% $3,170
ROSS MORTGAGE CORPORATION 1 5.63% $10,324
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.88% $5,613
Lincoln Savings Bank 1 6.87% $4,913
AFFINITY 1 5.25% $2,558
DIRECT MORTGAGE, CORP. 1 4.50% $5,819
Lend Smart Mortgage, LLC 1 6.00% $3,102
DUPACO COMMUNITY 1 5.88% $2,734
Semper Home Loans, Inc. 1 6.63% $2,318
GENISYS 1 3.50% $2,240
Leader Bank 1 6.00% $3,532
Bank of Springfield 1 4.38% $2,925
SHARONVIEW FEDERAL CREDIT UNION 1 5.75% $6,314
Landmark National Bank 1 6.00% $2,126
Bank of Hope 1 3.88% $4,039
Signature Federal Credit Union 1 6.00% $4,263
Lake City Bank 1 4.38% $3,894
Bank of Hillsboro 1 4.00% $1,535
Access Bank 1 6.88% $6,624
Bank-Fund Staff Federal Credit Union 1 2.88% $3,786
LAFCU 1 3.63% $3,072
KITSAP Credit Union 1 3.63% $5,216
Southern First Bank 1 5.50% $3,035
AXIA FINANCIAL, LLC 1 7.99% $4,648
KINECTA 1 4.88% $3,492
Equity Bank 1 3.63% $3,796
Atlantic Union Bank 1 6.88% $3,305
ITHINK FINANCIAL Credit Union 1 5.75% $2,853
INLAND BANK & TRUST 1 4.88% $3,621
STANFORD Federal Credit Union 1 6.25% $2,511
Independent Bank 1 4.00% $3,757
ILLINOIS STATE CREDIT UNION 1 5.38% $2,270
IAA Credit Union 1 4.50% $3,346
ESSENTIAL 1 5.75% $6,621
Stride Bank 1 6.50% $7,508
FAMILY SAVINGS 1 4.50% $1,594
HOME TOWN FUNDING, INC. 1 3.88% $3,859
Fidelity Bank 1 5.25% $2,719
Suncoast Credit Union 1 3.63% $3,207
FineMark National Bank & Trust 1 5.88% $2,734
ASSEMBLIES OF GOD Credit Union 1 3.25% $2,761
Veritex Community Bank 1 3.75% $8,718
First Bank 1 6.00% $8,362
First Bank 1 5.75% $3,201
TEACHERS 1 4.63% $3,609
First Reliance Bank 1 3.88% $2,895
Texana Bank 1 2.63% $15,396
First National Bank 1 3.38% $3,800
HomeBank 1 4.25% $2,570
The Camden National Bank 1 5.00% $2,734
Home Bank 1 5.00% $2,450
VILLAGE CAPITAL MORTGAGE 1 4.50% $6,240
The Dart Bank 1 6.75% $2,961
Arbor Bank 1 3.75% $2,859
First Federal Savings Bank 1 3.25% $812
First National Bank of Omaha 1 5.88% $1,280
AmRes Corporation 1 5.88% $20,065
Zions Bank 1 5.50% $2,201
The Loan Store, Inc. 1 6.75% $7,720
First National Bank of Waterloo 1 3.75% $3,404
The Northern Trust Company 1 4.00% $9,506
The Park National Bank 1 3.88% $3,001
The Union Bank Company 1 3.88% $5,044
First Financial Bank 1 4.38% $4,159
THRIVENT Federal Credit Union 1 3.25% $2,886
Guardian Savings Bank, A Federal Savings Bank 1 3.00% $2,560
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 5.99% $8,583
First Heritage Mortgage, LLC 1 5.13% $7,067
Grow Financial Federal Credit Union 1 5.25% $2,680
FOUNDERS FEDERAL CREDIT UNION 1 3.00% $1,501
Trinity Oaks Mortgage, LLC 1 5.25% $3,105
Great Southern Bank 1 2.70% $3,839
American Mortgage & Equity Consultants, Inc. 1 4.75% $2,654
American Mortgage Bank, LLC 1 4.49% $5,920
GREAT RIVER FEDERAL CREDIT UNION 1 4.99% $7,058
American Bank of Missouri 1 4.25% $2,530
AMERICAN ADVISORS GROUP 1 4.75% $8,585
First Mid Bank & Trust 1 4.50% $2,048
Amarillo National Bank 1 8.50% $3,282
CITYWIDE HOME LOANS, LLC 1 4.80% $4,374
NEXERA HOLDING LLC 1 8.38% $9,001
Union Savings Bank 1 4.00% $2,105
UNITED 1 4.38% $4,016
Citizens National Bank of Greater St. Louis 1 5.38% $3,870
Citizens National Bank, N.A. 1 5.33% $539
CityWorth Mortgage LLC 1 6.00% $5,885
FORT FINANCIAL Federal Credit Union 1 3.88% $2,896
First National Bank 1 5.75% $1,892
NP, Inc. 1 7.38% $2,335
NUMARK CREDIT UNION 1 5.38% $2,554
Oakstar Bank 1 3.13% $2,604
CLEARPATH LENDING 1 5.99% $3,820
A&D Mortgage LLC 1 7.75% $9,845
OPEN MORTGAGE, LLC 1 5.50% $5,707
Operating Engineers Local Union #3 1 4.88% $3,440
NEW DAY FINANCIAL, LLC 1 3.13% $7,288
First United Bank and Trust Company 1 6.50% $12,704
PANORAMA MORTGAGE GROUP, LLC 1 6.13% $11,415
COCA-COLA 1 4.25% $3,991
Community Mortgage Banc Corporation 1 5.90% $3,209
PARSONS Federal Credit Union 1 3.63% $5,909
Patriot Bank 1 5.25% $3,479
Cincinnati Federal 1 7.13% $3,046
First Vision Bank of Tennessee 1 3.75% $3,843
MY MORTGAGE, INC. 1 4.75% $3,983
Peoples Bank 1 5.50% $4,069
Petefish, Skiles & Co. 1 6.63% $2,695
GERSHMAN INVESTMENT CORP. 1 6.50% $2,656
PIKE CREEK MORTGAGE SERVICES, INC. 1 5.49% $3,373
FIRST STATE MORTGAGE SERVICES, LLC 1 4.38% $5,875

Alabama Average Closing Costs & Other Stats

Alabama's 548 lenders originated 128,438 loans during 2022. The total origination value was $30,919,210,000, with an average loan value of $240,733.

Alabama's average closing costs are $4,568.

The top Alabama lender as defined by loan originations is QUICKEN LOANS, LLC, with 3,086 loans originated. Their average total fees are $6,287, which is $2,642 higher than the next largest lender, Trustmark National Bank.

The lowest fee Alabama lenders (with over 10 loans originated) are Discover Bank ($0), CHERRY CREEK MORTGAGE, LLC ($807), SIRVA MORTGAGE, INC. ($1,379), PREMIA MORTGAGE, LLC ($1,589) and DSLD MORTGAGE, LLC ($1,791).

The lowest rate Alabama lenders (with over 10 loans originated) are AVADIAN (3.35%), Stifel Bank and Trust (3.59%), Eco Credit Union (3.73%), AMERICA'S FIRST (3.75%) and Baxter Credit Union (3.75%).

Alabama Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
QUICKEN LOANS, LLC $2,959,515,000 $1,482,210,000 -49.9% 4.8%
Regions Bank $1,995,480,000 $1,253,230,000 -37.2% 4.1%
Trustmark National Bank $1,277,220,000 $1,025,565,000 -19.7% 3.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,506,725,000 $1,011,065,000 -32.9% 3.3%
UNITED WHOLESALE MORTGAGE, LLC $1,202,845,000 $1,001,230,000 -16.8% 3.2%
FirstBank $1,093,700,000 $688,180,000 -37.1% 2.2%
Renasant Bank $1,187,775,000 $673,520,000 -43.3% 2.2%
BancorpSouth Bank $644,890,000 $611,755,000 -5.1% 2.0%
LOANDEPOT.COM, LLC $1,067,995,000 $605,755,000 -43.3% 2.0%
Mortgage Research Center, LLC $693,780,000 $585,865,000 -15.6% 1.9%
DHI MORTGAGE COMPANY, LTD. $468,045,000 $573,615,000 22.6% 1.9%
MOVEMENT MORTGAGE, LLC $524,355,000 $532,965,000 1.6% 1.7%
South State Bank $448,745,000 $481,785,000 7.4% 1.6%
Wells Fargo Bank $862,150,000 $455,420,000 -47.2% 1.5%
REDSTONE Federal Credit Union $534,660,000 $434,320,000 -18.8% 1.4%
River Bank & Trust $143,130,000 $413,410,000 188.8% 1.3%
GMFS LLC $626,575,000 $375,715,000 -40.0% 1.2%
GUILD MORTGAGE COMPANY $552,160,000 $374,835,000 -32.1% 1.2%
Synovus Bank $547,430,000 $367,975,000 -32.8% 1.2%
Hometown Lenders, Inc. $536,890,000 $367,550,000 -31.5% 1.2%
First Federal Bank, A FSB $653,035,000 $365,105,000 -44.1% 1.2%
PENNYMAC LOAN SERVICES, LLC $714,070,000 $364,755,000 -48.9% 1.2%
ServisFirst Bank $358,755,000 $361,575,000 0.8% 1.2%
PNC Bank $221,610,000 $360,815,000 62.8% 1.2%
Truist $263,220,000 $355,310,000 35.0% 1.1%
BERKADIA COMMERCIAL MORTGAGE LLC $180,655,000 $351,480,000 94.6% 1.1%
HOME POINT FINANCIAL CORPORATION $859,550,000 $342,065,000 -60.2% 1.1%
WALKER & DUNLOP, LLC $308,720,000 $309,460,000 0.2% 1.0%
NAVY FEDERAL CREDIT UNION $338,035,000 $284,065,000 -16.0% 0.9%
VANDERBILT MORTGAGE AND FINANCE, INC. $323,630,000 $277,440,000 -14.3% 0.9%
FREEDOM MORTGAGE CORPORATION $1,238,835,000 $273,680,000 -77.9% 0.9%
SouthPoint Bank $354,460,000 $245,450,000 -30.8% 0.8%
First Horizon Bank $369,225,000 $238,640,000 -35.4% 0.8%
Mr. Cooper ( Nationstar Mortgage ) $426,565,000 $237,765,000 -44.3% 0.8%
Progress Bank and Trust $296,460,000 $235,180,000 -20.7% 0.8%
AMERICA'S FIRST $105,395,000 $226,675,000 115.1% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $309,970,000 $220,180,000 -29.0% 0.7%
INTERLINC MORTGAGE SERVICES, LLC $468,735,000 $217,650,000 -53.6% 0.7%
Flagstar Bank, FSB $163,720,000 $206,950,000 26.4% 0.7%
Bank Independent $254,270,000 $206,400,000 -18.8% 0.7%
CALIBER HOME LOANS, INC. $440,410,000 $202,555,000 -54.0% 0.7%
CMG MORTGAGE, INC. $306,080,000 $198,295,000 -35.2% 0.6%
Merchants Bank of Indiana $16,170,000 $196,355,000 1,114.3% 0.6%
Capital One $290,750,000 $163,195,000 -43.9% 0.5%
Citizens Bank $895,000 $162,970,000 18,108.9% 0.5%
Bryant Bank $182,375,000 $162,495,000 -10.9% 0.5%
Assurance Financial Group, L.L.C. $240,585,000 $160,185,000 -33.4% 0.5%
TJC Mortgage, Inc. $329,365,000 $159,485,000 -51.6% 0.5%
USAA Federal Savings Bank $195,875,000 $159,215,000 -18.7% 0.5%
KeyBank $91,035,000 $156,970,000 72.4% 0.5%
Prosperity Home Mortgage, LLC $239,100,000 $155,785,000 -34.8% 0.5%
FIRST COMMUNITY MORTGAGE, INC. $283,490,000 $155,655,000 -45.1% 0.5%
Listerhill Credit Union $96,765,000 $154,040,000 59.2% 0.5%
JPMorgan Chase Bank $158,720,000 $145,505,000 -8.3% 0.5%
AMERISAVE MORTGAGE CORPORATION $372,020,000 $142,430,000 -61.7% 0.5%
Ameris Bank $217,645,000 $142,005,000 -34.8% 0.5%
CERTAINTY HOME LOANS, LLC $193,935,000 $141,115,000 -27.2% 0.5%
BROKER SOLUTIONS, INC. $185,650,000 $136,130,000 -26.7% 0.4%
BERKELEY POINT CAPITAL LLC $77,340,000 $130,735,000 69.0% 0.4%
CB&S Bank, Inc. $121,080,000 $119,280,000 -1.5% 0.4%
21ST MORTGAGE CORPORATION $125,365,000 $116,105,000 -7.4% 0.4%
Community Bank of Mississippi $115,145,000 $111,385,000 -3.3% 0.4%
GREYSTONE SERVICING COMPANY LLC $34,380,000 $109,480,000 218.4% 0.4%
NEWREZ LLC $232,625,000 $107,520,000 -53.8% 0.3%
Bank of England $169,350,000 $103,750,000 -38.7% 0.3%
U.S. Bank $133,450,000 $103,240,000 -22.6% 0.3%
MORTGAGE INVESTORS GROUP, INC. $190,585,000 $102,005,000 -46.5% 0.3%
NEW DAY FINANCIAL, LLC $162,955,000 $101,520,000 -37.7% 0.3%
Bank of America $142,495,000 $99,575,000 -30.1% 0.3%
HOMESTAR FINANCIAL CORPORATION $97,140,000 $97,770,000 0.6% 0.3%
Arbor Realty Trust, Inc. $71,575,000 $95,150,000 32.9% 0.3%
APCO EMPLOYEES $108,020,000 $93,890,000 -13.1% 0.3%
PGIM Real Estate Finance, LLC $89,520,000 n/a 0.3%
EVERETT FINANCIAL, INC. $26,605,000 $88,910,000 234.2% 0.3%
The First, A National Banking Association $69,330,000 $86,005,000 24.1% 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $164,120,000 $83,000,000 -49.4% 0.3%
Northpointe Bank $85,120,000 $82,875,000 -2.6% 0.3%
Troy Bank and Trust Company $37,830,000 $82,620,000 118.4% 0.3%
BankFirst Financial Services $102,295,000 $81,030,000 -20.8% 0.3%
GUARANTY HOME MORTGAGE CORPORATION $138,120,000 $80,025,000 -42.1% 0.3%
LAKEVIEW LOAN SERVICING, LLC $261,630,000 $79,660,000 -69.6%