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 6.91% for the week of 2024-07-11, compared to the national average of 6.89% for the same period.

The average rate for the prior week (2024-07-03) was 6.87% and one month ago for the week of 2024-06-06, the average rate was 6.91%.

Alabama's average rate one year ago was 6.73%.

For refis of the same type during the week of 2024-07-11, the average rate was 7.54%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-07-11 6.89%
Alabama 30 Year Fixed Rate 2024-07-11 6.91%
Alabama 30 Year Fixed Rate Refi 2024-07-11 7.54%
Alabama 15 Year Fixed Rate 2024-07-11 6.61%
Alabama 15 Year Fixed Rate Refi 2024-07-11 6.36%
Alabama 30 Year FHA 2024-07-11 6.21%
Alabama 30 Year FHA Refi 2024-07-11 6.36%
Alabama 30 Year USDA 2024-07-11 6.54%
Alabama 30 Year USDA Refi 2024-07-11 6.77%
Alabama 30 Year VA 2024-07-11 6.21%
Alabama 30 Year VA Refi 2024-07-11 5.71%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 1,780 6.79% $6,468
UNITED WHOLESALE MORTGAGE, LLC 1,603 6.80% $6,753
Trustmark National Bank 1,484 6.75% $4,604
Regions Bank 1,322 6.50% $4,768
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,159 6.84% $5,228
DHI MORTGAGE COMPANY, LTD. 936 5.57% $2,263
Renasant Bank 760 6.70% $5,148
MOVEMENT MORTGAGE, LLC 703 6.76% $5,659
FirstBank 696 6.73% $5,478
First Federal Bank, A FSB 586 6.55% $6,407
BancorpSouth 531 6.54% $4,848
REDSTONE Federal Credit Union 518 6.92% $3,213
GUILD MORTGAGE COMPANY 483 6.86% $6,240
River Bank & Trust 481 7.02% $4,876
Wells Fargo Bank 434 6.56% $4,058
GMFS LLC 397 6.65% $4,883
SouthPoint Bank 374 6.34% $5,452
EAGLE HOME MORTGAGE, LLC 360 5.41% $1,252
Synovus Bank 358 6.64% $4,853
PENNYMAC LOAN SERVICES, LLC 355 6.68% $5,612
South State Bank 350 6.70% $6,405
Assurance Financial Group, L.L.C. 338 6.97% $5,495
Prosperity Home Mortgage, LLC 285 6.88% $5,117
CMG MORTGAGE, INC. 269 6.48% $7,386
UNION HOME MORTGAGE CORP. 269 6.94% $5,866
GUARANTEED RATE, INC. 262 6.53% $6,384
VANDERBILT MORTGAGE AND FINANCE, INC. 261 7.12% $5,812
CROSSCOUNTRY MORTGAGE, LLC 244 6.82% $6,892
NAVY FEDERAL CREDIT UNION 238 6.82% $4,198
AVADIAN 238 6.11% $6,166
ServisFirst Bank 212 7.01% $5,129
LOANDEPOT.COM, LLC 209 6.73% $6,643
First Horizon Bank 209 6.54% $4,351
Citizens Bank 206 6.88% $6,251
JPMorgan Chase Bank 203 6.84% $4,248
MORTGAGE INVESTORS GROUP, INC. 190 4.35% $5,148
FIRST COMMUNITY MORTGAGE, INC. 185 6.81% $4,970
PNC Bank 173 6.75% $4,114
Ameris Bank 172 6.69% $5,293
Truist 164 6.62% $4,536
NEWREZ LLC 162 6.79% $5,949
Mr. Cooper ( Nationstar Mortgage ) 157 6.79% $7,585
Bank Independent 155 7.07% $4,475
TJC Mortgage, Inc. 148 6.91% $6,430
DSLD MORTGAGE, LLC 145 6.01% $1,065
CB&S Bank, Inc. 138 6.75% $4,026
BROKER SOLUTIONS, INC. 134 7.07% $6,583
AMERICA'S FIRST 132 6.52% $5,049
United Community Bank 129 6.88% $5,038
Morgan Stanley Private Bank 123 5.91% $3,229
Plains Commerce Bank 119 6.87% $6,234
Listerhill Credit Union 117 6.62% $3,090
Bank of England 112 6.83% $6,006
Mortgage Research Center, LLC 109 6.78% $3,466
MAX Credit Union 107 6.66% $4,661
USAA Federal Savings Bank 107 6.47% $5,208
CARDINAL FINANCIAL 105 6.87% $7,310
FBC MORTGAGE, LLC 104 6.85% $7,712
Alabama One Credit Union 101 6.96% $4,084
Pinnacle Bank 98 6.68% $4,426
SWBC MORTGAGE CORPORATION 93 6.90% $4,447
AMERISAVE MORTGAGE CORPORATION 93 6.53% $7,678
U.S. Bank 89 6.65% $4,350
21ST MORTGAGE CORPORATION 87 7.93% $5,786
STOCKTON MORTGAGE CORPORATION 85 7.08% $6,225
AMERICAN PORTFOLIO MORTGAGE CORPORATION 85 6.84% $7,702
Bank of America 79 6.41% $5,255
INTERLINC MORTGAGE SERVICES, LLC 79 6.66% $4,442
ALABAMA CREDIT UNION 79 5.67% $4,005
Flagstar Bank, FSB 77 6.85% $5,197
Bryant Bank 76 6.35% $6,152
Hamilton Mortgage Corporation 74 6.96% $5,053
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 72 7.35% $6,108
Community Bank of Mississippi 71 6.23% $5,004
Consumer First Mortgage, Inc. 71 6.61% $5,101
Northpointe Bank 70 6.73% $5,972
FREEDOM MORTGAGE CORPORATION 66 7.02% $6,965
MORIA DEVELOPMENT, INC. 65 7.52% $3,681
MUTUAL OF OMAHA MORTGAGE, INC. 64 6.93% $6,181
ALABAMA TEACHERS 64 6.68% $2,728
HOMESTAR FINANCIAL CORPORATION 64 6.50% $4,374
Tyndall Federal Credit Union 62 6.49% $4,274
The Loan Store, Inc. 59 6.98% $6,316
ARK-LA-TEX FINANCIAL SERVICES, LLC. 59 7.00% $5,051
First National Bank of America 59 10.37% $8,287
ACOPIA, LLC 57 7.23% $4,947
PRIMELENDING, A PLAINSCAPITAL COMPANY 56 6.88% $5,170
Stifel Bank and Trust 54 5.96% $2,749
THE MORTGAGE FIRM, INC. 54 6.82% $6,193
CHURCHILL MORTGAGE CORPORATION 53 7.11% $5,082
BankPlus 52 6.88% $4,067
Five Star Credit Union 51 6.71% $4,052
ZILLOW HOME LOANS, LLC 50 6.84% $4,956
EMBRACE HOME LOANS, INC. 50 6.78% $5,672
Hancock Whitney Bank 49 6.70% $4,399
APCO EMPLOYEES 47 6.54% $3,388
ROYAL UNITED MORTGAGE LLC 47 7.13% $7,421
HUNT MORTGAGE CORPORATION 46 6.91% $4,572
SmartBank 45 6.69% $3,805
BETTER MORTGAGE CORPORATION 44 6.08% $6,118
HOMESIDE FINANCIAL, LLC 44 6.86% $5,825
CANOPY MORTGAGE, LLC 44 6.90% $10,575
PHH Mortgage Corporation 43 6.88% $4,654
Princeton Mortgage Corporation 42 7.08% $6,310
Victorian Finance, LLC 41 7.00% $5,970
Liberty Mortgage Corporation 38 6.82% $3,143
AOD Federal Credit Union 38 6.48% $3,801
HOMEOWNERS FINANCIAL GROUP USA, LLC 37 7.05% $6,608
AMERICAN PACIFIC MORTGAGE CORPORATION 37 6.86% $6,192
FIRST COLONY MORTGAGE CORPORATION 36 7.28% $7,803
NBKC BANK 36 6.55% $3,372
AMERICAN FINANCIAL NETWORK, INC. 35 6.98% $6,760
TVA Community Credit Union 35 6.02% $3,658
New Horizons Credit Union 35 5.81% $5,710
Neighborhood Loans, Inc. 35 6.87% $4,907
PLANET HOME LENDING, LLC 34 7.16% $5,990
DAS Acquisition Company, LLC 34 6.76% $7,056
FirstTrust Home Loans, Inc. 33 6.86% $5,977
Raymond James Bank 33 5.50% $3,240
ENVOY MORTGAGE, LTD 33 7.00% $5,669
Ally Bank 31 6.37% $6,529
EMM LOANS LLC 30 7.14% $6,621
Nations Lending Corporation 29 6.98% $4,194
Cornerstone First Mortgage, Inc 29 6.78% $6,194
HOMETRUST MORTGAGE COMPANY 29 6.84% $3,338
Mutual Savings Credit Union 28 5.21% $5,180
PREMIA MORTGAGE, LLC 28 6.46% $1,151
PENTAGON FEDERAL CREDIT UNION 27 6.26% $4,427
Discover Bank 27 7.34% $0
GUARANTY HOME MORTGAGE CORPORATION 26 6.50% $6,440
DRAPER AND KRAMER MORTGAGE CORP. 25 7.05% $7,860
Century Mortgage Company DBA Century Lending Company 25 6.76% $5,400
AmeriHome Mortgage Company, LLC 25 6.76% $5,638
DIRECT MORTGAGE LOANS, LLC 24 6.94% $5,447
ARC HOME LLC 23 8.04% $10,228
Troy Bank and Trust Company 23 7.11% $3,142
LEADERONE FINANCIAL CORPORATION 22 6.82% $6,713
American Mortgage & Equity Consultants, Inc. 21 7.05% $5,611
EVERETT FINANCIAL, INC. 21 7.32% $8,634
DEEPHAVEN MORTGAGE LLC 21 8.91% $11,357
Valley National Bank 21 6.39% $4,471
Carrington Mortgage Services, LLC 21 6.45% $6,443
Pen Air Federal Credit Union 21 6.65% $5,941
The Huntington National Bank 21 6.84% $5,039
Magnolia Bank 20 6.81% $5,020
GUARANTEED RATE AFFINITY, LLC 20 6.85% $3,051
Gulf Winds Credit Union 20 5.80% $2,695
NFM, INC. 20 6.95% $5,312
Ixonia Bank 19 7.11% $6,651
SUCCESS MORTGAGE PARTNERS, INC. 19 6.62% $5,182
HOMEBRIDGE FINANCIAL SERVICES, INC. 19 6.54% $6,658
Capital City Home Loans, LLC 19 6.66% $6,654
Gateway First Bank 18 6.48% $5,184
SOUTHEAST MORTGAGE OF GEORGIA, INC. 18 7.03% $9,155
PACIFIC RESIDENTIAL MORTGAGE, LLC 18 6.82% $6,152
NAVIGATOR CU 18 6.50% $3,797
BAY EQUITY LLC 17 6.80% $4,052
Metro City Bank 17 7.43% $4,957
Merchants & Marine Bank 17 6.67% $3,635
S1L, Inc. 16 6.55% $6,621
CIS Financial Services, Inc. 16 7.22% $6,427
LAKEVIEW LOAN SERVICING, LLC 16 6.84% $7,258
Colony Bank 16 6.41% $5,328
AMERICAN FINANCING CORPORATION 16 6.96% $5,239
The Central Trust Bank 16 6.60% $4,613
DELTA COMMUNITY CREDIT UNION 16 6.83% $5,873
RELIANCE FIRST CAPITAL, LLC 16 6.52% $8,653
BMO Harris Bank 15 6.18% $7,008
The Federal Savings Bank 15 6.88% $5,973
Farmers Bank & Trust 15 6.37% $4,138
First Federal Bank 15 6.47% $4,150
CHERRY CREEK MORTGAGE, LLC 15 6.04% $717
RUOFF MORTGAGE COMPANY, INC. 14 6.47% $3,586
ANGEL OAK MORTGAGE SOLUTIONS LLC 14 8.50% $12,926
Fifth Third Bank 14 7.09% $4,589
Legends Bank 13 6.69% $3,397
Citibank 13 5.92% $4,559
M&T Bank 12 6.84% $5,349
NexBank 12 6.84% $6,520
ASCEND FEDERAL CREDIT UNION 12 5.95% $3,420
Paramount Residential Mortgage Group, Inc. 12 7.07% $5,698
Centennial Bank 12 6.72% $6,315
Waterstone Mortgage Corporation 11 6.60% $7,655
Heritage South Credit Union 11 7.00% $2,409
CORNERSTONE HOME LENDING, INC. 11 7.30% $5,301
BNC National Bank 11 6.07% $4,175
INSPIRE HOME LOANS INC. 11 6.57% $4,647
Wolfe Financial, Inc 11 6.99% $6,182
Citadel Servicing Corporation 11 9.55% $10,125
EVANSVILLE TEACHERS 11 7.08% $4,443
SeaTrust Mortgage Company 10 7.14% $5,697
Sierra Pacific Mortgage Company, Inc. 10 6.53% $6,916
Florida Capital Bank 10 6.87% $9,154
Eco Credit Union 10 5.53% $5,187
GUIDANCE RESIDENTIAL, LLC 10 7.10% $5,037
CERTAINTY HOME LOANS, LLC 10 6.09% $11,203
AlaTrust Credit Union 10 6.05% $4,574
MILEND, INC. 10 7.31% $10,322
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 10 7.06% $7,000
MORTGAGE ACCESS CORP. 9 6.99% $5,759
HONDA Federal Credit Union 9 6.71% $5,335
First Option Mortgage, LLC 9 8.69% $12,468
LENDSURE MORTGAGE CORP. 9 8.74% $12,463
ALL IN 9 6.65% $1,462
TENNESSEE VALLEY 9 5.96% $4,693
North American Savings Bank, F.S.B. 8 8.16% $5,225
Charles Schwab Bank, SSB 8 5.16% $5,410
SUMMIT FUNDING, INC. 8 6.66% $5,996
AMERICAN FINANCIAL RESOURCES, INC. 8 7.08% $5,557
SIRVA MORTGAGE, INC. 8 6.80% $497
Keystone Funding, Inc. 8 6.91% $8,918
KELLER MORTGAGE, LLC 8 6.13% $4,382
Barrington Bank & Trust Company, N.A. 8 7.00% $5,721
PRIMARY RESIDENTIAL MORTGAGE, INC. 8 7.08% $4,863
GENEVA FINANCIAL, LLC 8 6.70% $8,472
Merchants Bank of Indiana 8 6.53% $4,510
Goldwater Bank, N.A. 7 7.21% $5,313
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 7 7.30% $4,470
DELMAR FINANCIAL COMPANY 7 6.68% $3,941
THRIVE MORTGAGE, LLC 7 6.71% $6,812
NP, Inc. 7 8.79% $10,963
Associated Credit Union 7 5.70% $4,676
EASTMAN 7 6.86% $6,084
HOMESTEAD FUNDING CORP. 7 6.41% $3,433
Capitol Federal Savings Bank 7 4.63% $12,242
CHEVRON 7 6.73% $2,655
First-Citizens Bank & Trust Company 7 6.21% $4,491
MID AMERICA MORTGAGE, INC. 7 6.80% $3,797
SECURITYNATIONAL MORTGAGE COMPANY 7 6.78% $8,059
DIGITAL Federal Credit Union 6 6.33% $3,189
Jefferson Credit Union 6 7.14% $3,190
Gulf Coast Bank and Trust Company 6 7.48% $7,258
Alcova Mortgage LLC 6 6.58% $5,537
RBC Bank, (Georgia) 6 5.77% $1,780
LENOX FINANCIAL MORTGAGE CORPORATION 6 7.17% $5,460
Arvest Bank 6 6.98% $4,509
ACADEMY MORTGAGE CORPORATION 6 7.02% $8,495
EUSTIS AND AMERICAN MORTGAGE COMPANY 6 7.02% $8,796
BANKSOUTH MORTGAGE COMPANY, LLC 6 7.00% $5,550
AMERICAN INTERNET MORTGAGE, INC. 6 6.21% $5,889
Evolve Bank & Trust 6 6.06% $4,123
First Savings Bank 5 6.73% $6,224
PREMIER MORTGAGE RESOURCES, L.L.C. 5 7.15% $6,078
OPEN MORTGAGE, LLC 5 6.85% $4,516
FLAT BRANCH MORTGAGE, INC. 5 7.45% $5,091
SUN WEST MORTGAGE COMPANY, INC. 5 7.07% $4,532
AMCAP MORTGAGE, LTD. 5 6.45% $4,236
UBS Bank USA 5 6.08% $3,691
GREAT RIVER FEDERAL CREDIT UNION 5 4.99% $7,620
Alabama Central Credit Union 5 6.65% $0
Warsaw Federal Savings and Loan Association 5 7.04% $5,410
Wilmington Savings Fund Society, FSB 5 6.58% $2,608
Beeline Loans, Inc. 5 7.57% $5,179
COMMUNITY MORTGAGE CORPORATION 5 7.08% $2,902
Baxter Credit Union 5 6.23% $5,073
FIDELITY BANK 5 6.93% $7,780
Financial Federal Bank 5 6.30% $2,776
CALIBER HOME LOANS, INC. 5 6.42% $6,161
A&D Mortgage LLC 4 8.13% $6,954
COMMUNITYAMERICA 4 6.53% $5,911
GERSHMAN INVESTMENT CORP. 4 6.78% $3,531
HARVESTERS FEDERAL CREDIT UNION 4 7.03% $2,652
BNY Mellon 4 5.44% $5,692
AMERICAN HERITAGE LENDING, INC. 4 9.25% $15,539
SHELTER HOME MORTGAGE, LLC 4 6.84% $5,226
CREDIT UNION MORTGAGE ASSOCIATION, INC. 4 5.63% $4,618
MICHIGAN MUTUAL, INC. 4 7.56% $5,253
TRIAD FINANCIAL SERVICES, INC. 4 7.81% $10,717
COMPASS MORTGAGE, INC. 4 7.59% $4,426
Suncoast Credit Union 4 4.94% $2,795
HSBC BANK USA, NATIONAL ASSOCIATION 4 6.59% $3,596
Patriot Bank 3 6.42% $2,785
HOMEXPRESS MORTGAGE CORP. 3 8.92% $7,486
Servion, Inc. 3 6.83% $3,824
CRESCENT MORTGAGE COMPANY 3 7.13% $5,756
WINGS FINANCIAL 3 5.71% $3,441
ISERVE RESIDENTIAL LENDING, LLC 3 7.00% $12,744
NATIONWIDE MORTGAGE BANKERS, INC. 3 7.29% $8,283
RAPID MORTGAGE COMPANY 3 6.41% $3,608
ATLANTA POSTAL 3 7.13% $4,756
Colonial Savings, F.A. 3 6.54% $6,565
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 7.41% $5,860
Goldman Sachs Bank USA 3 6.00% $4,243
Family Security Credit Union 3 5.50% $3,408
PLAZA HOME MORTGAGE, INC. 3 6.71% $13,665
Armed Forces Bank 3 7.08% $6,149
TOWNE MORTGAGE COMPANY 3 6.29% $5,517
KEESLER 3 6.83% $3,152
General Mortgage Capital Corporation 3 7.21% $4,027
Bank of Tennessee 3 7.02% $7,026
SOUTHWEST STAGE FUNDING, LLC 3 7.63% $7,294
HOPE FEDERAL CREDIT UNION 3 6.58% $5,662
COUNTRYPLACE MORTGAGE, LTD. 3 7.39% $4,278
ALLIANT CREDIT UNION 3 6.88% $4,534
Lincoln Savings Bank 3 6.54% $2,939
Simmons Bank 3 5.92% $3,998
AFFORDABLE MORTGAGE ADVISORS, LLC. 3 6.46% $4,975
First Citizens National Bank 2 7.05% $6,838
MORTGAGE FINANCIAL SERVICES, LLC 2 6.38% $6,570
Axos Bank 2 7.56% $5,347
SOUTHPOINT FINANCIAL SERVICES, INC. 2 7.00% $4,420
CREDIT UNION FINANCIAL SERVICES, LLC 2 6.81% $7,283
Republic Bank & Trust Company 2 7.00% $4,046
NATIONS RELIABLE LENDING, LLC 2 6.56% $6,566
Quontic Bank 2 9.19% $11,937
First Federal Bank of Kansas City 2 7.75% $2,995
Presidential Bank, FSB 2 7.25% $5,657
First National Bank of Omaha 2 6.81% $3,391
NEXERA HOLDING LLC 2 9.44% $15,249
PIKE CREEK MORTGAGE SERVICES, INC. 2 7.50% $5,550
NMSI, INC. 2 6.81% $6,303
First Heritage Mortgage, LLC 2 5.88% $4,778
First Merchants Bank 2 6.81% $3,678
BAYSHORE MORTGAGE FUNDING, LLC 2 6.69% $3,811
CITIZENS EQUITY FIRST 2 5.56% $3,080
City National Bank 2 6.38% $4,127
Independent Bank 2 7.35% $3,853
EQUITY RESOURCES, INC. 2 6.63% $10,308
Heritage Bank 2 6.81% $4,271
ABSOLUTE HOME MORTGAGE CORPORATION 2 7.50% $7,017
ITHINK FINANCIAL Credit Union 2 7.56% $4,349
WesBanco 2 6.38% $3,772
VAN DYK MORTGAGE CORPORATION 2 7.56% $7,383
JMAC LENDING, INC. 2 7.06% $6,908
Grow Financial Federal Credit Union 2 5.50% $4,135
ADVANCIAL 2 8.44% $11,523
University Bank 2 7.63% $8,500
KINECTA 2 5.94% $14,237
GREENSTATE CREDIT UNION 2 6.06% $3,890
Great Southern Bank 2 6.88% $5,073
Leader Bank 2 6.94% $3,882
United Bank 2 6.69% $5,783
Leaders Credit Union 2 6.93% $2,861
CapStar Bank 2 6.44% $4,430
ALAMEDA MORTGAGE CORPORATION 2 7.19% $5,438
LIBERTY HOME MORTGAGE CORPORATION 2 7.81% $4,565
LOANPAL, LLC 2 6.31% $6,711
Toyota Financial Savings Bank 2 6.50% $3,975
OCMBC, INC. 2 11.50% $15,715
Old National Bank 2 7.13% $3,719
GEORGIA UNITED 2 6.94% $4,968
MEMBER FIRST MORTGAGE, LLC 2 7.06% $3,714
MEMBER ONE 2 6.25% $2,123
DIRECT LENDERS, LLC 2 7.56% $548
Total Media Management, LLC 2 6.13% $6,507
THRIVENT Federal Credit Union 2 6.31% $5,612
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 2 6.56% $3,866
Commerce Home Mortgage, Inc. 2 8.25% $9,500
First Bank 2 6.38% $3,767
American Airlines Federal Credit Union 2 5.50% $0
AMERICAN BANCSHARES MORTGAGE 2 8.50% $4,202
Bank-Fund Staff Federal Credit Union 2 5.19% $2,582
ON Q FINANCIAL, INC. 2 6.63% $6,493
Bank of Whittier 1 6.88% $10,364
Chicago Mortgage Solutions LLC 1 5.54% $2,858
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.88% $3,395
City National Bank of Florida 1 6.00% $2,989
Civista Bank 1 5.88% $4,533
Commerce Bank 1 5.50% $4,093
Commercial Bank of Texas 1 6.88% $0
COMMUNITY MORTGAGE, LLC 1 5.75% $2,580
Community Trust Bank, Inc. 1 6.88% $2,331
CONTOUR MORTGAGE CORPORATION 1 5.50% $3,658
Countybank 1 6.38% $4,182
Deere Employees Credit Union 1 5.13% $2,918
DEPARTMENT OF COMMERCE 1 7.25% $1,583
Deseret First Credit Union 1 6.13% $6,373
DG PINNACLE FUNDING LLC 1 7.25% $6,302
Eagle Bank and Trust Company 1 7.13% $4,287
CASTLE & COOKE MORTGAGE, LLC 1 6.13% $6,174
CARTER FEDERAL CREDIT UNION 1 7.25% $3,593
Encompass Lending Group, LP 1 6.38% $2,812
Equity Prime Mortgage LLC 1 6.50% $7,628
FAIRWINDS CREDIT UNION 1 6.75% $3,508
FCB Banks 1 6.63% $2,910
Fidelity Bank 1 5.75% $2,727
FineMark National Bank & Trust 1 4.25% $4,424
First American Bank and Trust Company 1 7.99% $4,462
FIRST COMMERCE CREDIT UNION 1 5.75% $2,630
FIRST COMMUNITY 1 5.50% $1,557
FIRST CONTINENTAL MORTGAGE, LTD. 1 6.75% $200
First Farmers and Merchants Bank 1 7.25% $3,102
First Farmers Bank and Trust Company 1 6.75% $2,684
Capital Bank 1 6.75% $4,253
FIRST FLORIDA Credit Union 1 7.38% $3,373
First International Bank & Trust 1 6.75% $3,523
BOKF 1 6.50% $3,443
First Reliance Bank 1 7.13% $2,452
First State Bank of St. Charles, Missouri 1 5.63% $3,404
FIRST STATE MORTGAGE SERVICES, LLC 1 6.50% $3,690
First Vision Bank of Tennessee 1 5.25% $4,252
Flanagan State Bank 1 7.00% $6,399
Florence Federal Credit Union 1 6.50% $4,148
GENERAL ELECTRIC CREDIT UNION 1 6.13% $3,189
Generations Bank 1 6.88% $3,152
GEORGIA'S OWN 1 4.50% $4,206
Blue Ridge Bank 1 8.00% $4,972
Grand Bank for Savings, FSB 1 9.75% $5,553
GSF Mortgage Corporation 1 6.63% $3,640
BLACK HILLS FEDERAL CREDIT UNION 1 6.50% $3,754
Guardian Savings Bank, A Federal Savings Bank 1 6.75% $2,733
Bethpage Federal Credit Union 1 8.00% $3,691
BAY-VALLEY MORTGAGE GROUP 1 8.13% $9,008
Hawthorn Bank 1 6.88% $3,409
HomeBank 1 5.25% $1,049
Home Loan Investment Bank, F.S.B. 1 6.13% $3,532
HOMESPIRE MORTGAGE CORPORATION 1 5.75% $4,324
Horizon Bank 1 7.50% $5,673
IAA Credit Union 1 6.25% $2,931
Independent Bank 1 6.00% $3,627
INTERCAP LENDING INC. 1 7.25% $3,119
INTERCOASTAL MORTGAGE COMPANY 1 7.13% $5,361
BARTLETT MORTGAGE, INC. 1 6.88% $3,168
Inwood National Bank 1 7.00% $11,954
JUSTICE Federal Credit Union 1 6.88% $4,103
KeyBank 1 6.63% $3,568
KINETIC FEDERAL CREDIT UNION 1 5.75% $2,645
LAND HOME FINANCIAL SERVICES, INC. 1 6.38% $8,427
Legacy Home Loans, LLC 1 7.88% $6,709
Choice Financial Group 1 6.38% $7,580
Loan Simple, Inc. 1 6.62% $16,060
Marquette Bank 1 6.25% $2,135
MASON MCDUFFIE MORTGAGE CORPORATION 1 6.99% $3,140
MAYO EMPLOYEES FEDERAL CREDIT UNION 1 6.50% $5,190
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 8.13% $12,566
Meridian Bank Corporation 1 6.13% $6,518
Midland States Bank 1 8.13% $4,432
Midwest BankCentre 1 7.13% $3,964
Bank of Hope 1 5.75% $9,646
Mortgage Assurance Inc. 1 6.88% $6,972
MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 7.75% $5,025
AXIA FINANCIAL, LLC 1 6.50% $3,672
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.00% $2,107
AUSTIN TELCO Federal Credit Union 1 6.00% $4,573
Atlantic Union Bank 1 6.88% $12,947
Atlantic Coast Mortgage, LLC 1 6.88% $9,447
MY MORTGAGE, INC. 1 7.00% $6,518
NASA Federal Credit Union 1 6.63% $5,178
NATIONS DIRECT MORTGAGE, LLC 1 7.63% $6,756
Network Funding, L.P. 1 6.75% $7,344
NEW DAY FINANCIAL, LLC 1 7.00% $5,445
ASSEMBLIES OF GOD Credit Union 1 7.88% $2,694
OAKTREE FUNDING CORP. 1 8.63% $5,343
PANORAMA MORTGAGE GROUP, LLC 1 5.88% $4,532
Paramount Bank 1 6.13% $4,126
1ST SIGNATURE LENDING, LLC 1 6.50% $9,638
Pinnacle Bank 1 7.38% $3,329
AmRes Corporation 1 7.88% $10,619
RADIUS FINANCIAL GROUP INC. 1 6.63% $5,264
American State Bank 1 7.00% $19,252
RESIDENTIAL BANCORP 1 8.88% $9,458
REV FEDERAL CREDIT UNION 1 5.63% $7,528
ROBINS FINANCIAL 1 5.50% $13,551
Southern Bank 1 7.38% $2,639
Southern First Bank 1 7.13% $2,694
STAR ONE CREDIT UNION 1 5.63% $2,339
S&T Bank 1 5.88% $3,069
Sunflower Bank 1 7.25% $5,064
TEACHERS 1 6.63% $4,058
TEXAS TECH 1 6.38% $5,234
The Bank of Missouri 1 6.00% $2,117
The Dart Bank 1 7.00% $3,348
THE MORTGAGE LINK, INC. 1 8.13% $4,865
The State Bank 1 6.75% $4,565
Allied First Bank,sb 1 7.38% $2,647
TOGETHER CREDIT UNION 1 5.19% $3,896
TOTAL MORTGAGE SERVICES, LLC 1 7.38% $4,164
TOWER 1 5.88% $4,369
Towne Bank 1 7.25% $3,387
Town Square Mortgage & Investments, Inc. 1 6.88% $7,132
UIF CORPORATION 1 6.25% $3,863
UMB Bank 1 7.09% $3,207
UNIFY FINANCIAL Credit Union 1 7.65% $925
Union Savings Bank 1 5.88% $2,523
UNITED 1 5.75% $3,199
United Nations Federal Credit Union 1 5.75% $3,260
AgFirst Farm Credit Bank 1 7.75% $4,074
US MORTGAGE CORPORATION 1 6.38% $13,942
V.I.P. MORTGAGE, INC. 1 7.38% $4,691
Watermark Capital, Inc. 1 7.25% $3,595
Willamette Valley Bank 1 5.50% $5,188
WRIGHT-PATT CREDIT UNION, INC. 1 6.38% $2,826
Wyndham Capital Mortgage, Inc. 1 6.63% $8,316

Alabama Average Closing Costs & Other Stats

Alabama's 483 lenders originated 95,622 loans during 2023. The total origination value was $21,902,740,000, with an average loan value of $229,055.

Alabama's average closing costs are $4,813.

The top Alabama lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,780 loans originated. Their average total fees are $6,468, which is $285 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Alabama lenders (with over 10 loans originated) are Discover Bank ($0), CHERRY CREEK MORTGAGE, LLC ($717), DSLD MORTGAGE, LLC ($1,065), PREMIA MORTGAGE, LLC ($1,151) and EAGLE HOME MORTGAGE, LLC ($1,252).

The lowest rate Alabama lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. (4.35%), Mutual Savings Credit Union (5.21%), EAGLE HOME MORTGAGE, LLC (5.41%), Raymond James Bank (5.50%) and Eco Credit Union (5.53%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
UNITED WHOLESALE MORTGAGE, LLC $1,001,230,000 $1,005,240,000 0.4% 4.6%
Regions Bank $1,253,230,000 $938,455,000 -25.1% 4.3%
QUICKEN LOANS, LLC $1,482,210,000 $923,685,000 -37.7% 4.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,011,065,000 $667,620,000 -34.0% 3.0%
Trustmark National Bank $1,025,565,000 $659,810,000 -35.7% 3.0%
DHI MORTGAGE COMPANY, LTD. $573,615,000 $643,680,000 12.2% 2.9%
Renasant Bank $673,520,000 $494,090,000 -26.6% 2.3%
Mortgage Research Center, LLC $585,865,000 $458,135,000 -21.8% 2.1%
FirstBank $688,180,000 $439,660,000 -36.1% 2.0%
MOVEMENT MORTGAGE, LLC $532,965,000 $437,395,000 -17.9% 2.0%
River Bank & Trust $413,410,000 $371,210,000 -10.2% 1.7%
REDSTONE Federal Credit Union $434,320,000 $367,325,000 -15.4% 1.7%
BancorpSouth $611,755,000 $345,735,000 -43.5% 1.6%
GUILD MORTGAGE COMPANY $374,835,000 $301,205,000 -19.6% 1.4%
First Federal Bank, A FSB $365,105,000 $284,515,000 -22.1% 1.3%
Wells Fargo Bank $455,420,000 $271,900,000 -40.3% 1.2%
PNC Bank $360,815,000 $266,250,000 -26.2% 1.2%
PENNYMAC LOAN SERVICES, LLC $364,755,000 $253,245,000 -30.6% 1.2%
NAVY FEDERAL CREDIT UNION $284,065,000 $249,395,000 -12.2% 1.1%
Synovus Bank $367,975,000 $247,845,000 -32.6% 1.1%
LENDINGONE, LLC $22,915,000 $246,985,000 977.8% 1.1%
GMFS LLC $375,715,000 $245,365,000 -34.7% 1.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $277,440,000 $231,195,000 -16.7% 1.1%
South State Bank $481,785,000 $220,785,000 -54.2% 1.0%
EAGLE HOME MORTGAGE, LLC $37,685,000 $196,730,000 422.0% 0.9%
CROSSCOUNTRY MORTGAGE, LLC $220,180,000 $195,855,000 -11.0% 0.9%
CMG MORTGAGE, INC. $198,295,000 $185,300,000 -6.6% 0.8%
SouthPoint Bank $245,450,000 $182,495,000 -25.6% 0.8%
Bank Independent $206,400,000 $173,870,000 -15.8% 0.8%
LOANDEPOT.COM, LLC $605,755,000 $170,125,000 -71.9% 0.8%
GUARANTEED RATE, INC. $57,710,000 $169,945,000 194.5% 0.8%
ServisFirst Bank $361,575,000 $164,430,000 -54.5% 0.8%
AMERICA'S FIRST $226,675,000 $160,900,000 -29.0% 0.7%
AVADIAN $52,485,000 $159,935,000 204.7% 0.7%
First Horizon Bank $238,640,000 $146,500,000 -38.6% 0.7%
FREEDOM MORTGAGE CORPORATION $273,680,000 $145,680,000 -46.8% 0.7%
21ST MORTGAGE CORPORATION $116,105,000 $143,335,000 23.5% 0.7%
Prosperity Home Mortgage, LLC $155,785,000 $131,130,000 -15.8% 0.6%
Assurance Financial Group, L.L.C. $160,185,000 $127,220,000 -20.6% 0.6%
UNION HOME MORTGAGE CORP. $73,675,000 $126,725,000 72.0% 0.6%
Bryant Bank $162,495,000 $123,355,000 -24.1% 0.6%
BankFirst Financial Services $81,030,000 $118,060,000 45.7% 0.5%
Pinnacle Bank $235,000 $115,155,000 48,902.1% 0.5%
CB&S Bank, Inc. $119,280,000 $112,450,000 -5.7% 0.5%
USAA Federal Savings Bank $159,215,000 $110,565,000 -30.6% 0.5%
Truist $355,310,000 $108,865,000 -69.4% 0.5%
Community Bank of Mississippi $111,385,000 $106,115,000 -4.7% 0.5%
NEWREZ LLC $107,520,000 $103,460,000 -3.8% 0.5%
BROKER SOLUTIONS, INC. $136,130,000 $103,310,000 -24.1% 0.5%
GREYSTONE SERVICING COMPANY LLC $109,480,000 $102,505,000 -6.4% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $237,765,000 $101,910,000 -57.1% 0.5%
ALL IN $70,895,000 $101,100,000 42.6% 0.5%
Citizens Bank $2,485,000 $99,440,000 3,901.6% 0.5%
Plains Commerce Bank $25,580,000 $97,595,000 281.5% 0.4%
Ameris Bank $142,005,000 $95,780,000 -32.6% 0.4%
United Community Bank $25,000 $93,585,000 374,240.0% 0.4%
FIRST COMMUNITY MORTGAGE, INC. $155,655,000 $90,975,000 -41.6% 0.4%
FBC MORTGAGE, LLC $78,495,000 $88,035,000 12.2% 0.4%
Flagstar Bank, FSB $206,950,000 $87,125,000 -57.9% 0.4%
CARDINAL FINANCIAL $83,000,000 $86,935,000 4.7% 0.4%
TJC Mortgage, Inc. $159,485,000 $85,680,000 -46.3% 0.4%
WALKER & DUNLOP, LLC $309,460,000 $82,415,000 -73.4% 0.4%
Valley National Bank $23,525,000 $81,360,000 245.8% 0.4%
MORTGAGE INVESTORS GROUP, INC. $102,005,000 $78,980,000 -22.6% 0.4%
Morgan Stanley Private Bank $67,230,000 $75,050,000 11.6% 0.3%
BERKADIA COMMERCIAL MORTGAGE LLC $351,480,000 $72,540,000 -79.4% 0.3%
JPMorgan Chase Bank $145,505,000 $70,415,000 -51.6% 0.3%
APCO EMPLOYEES $93,890,000 $69,325,000 -26.2% 0.3%
AMERISAVE MORTGAGE CORPORATION $142,430,000 $68,410,000 -52.0% 0.3%
Arbor Realty Trust, Inc. $95,150,000 $67,920,000 -28.6% 0.3%
DSLD MORTGAGE, LLC $59,665,000 $67,510,000 13.1% 0.3%
STOCKTON MORTGAGE CORPORATION $11,705,000 $65,885,000 462.9% 0.3%
Bank of England $103,750,000 $64,910,000 -37.4% 0.3%
Northpointe Bank $82,875,000 $63,350,000 -23.6% 0.3%
Bank of America $99,575,000 $59,720,000 -40.0% 0.3%
U.S. Bank $103,240,000 $59,270,000 -42.6% 0.3%
BankPlus $57,320,000 $56,845,000 -0.8% 0.3%
Guardian Credit Union $70,750,000 $56,440,000 -20.2% 0.3%
NEW DAY FINANCIAL, LLC $101,520,000 $56,235,000 -44.6% 0.3%
Union Bank and Trust Company $53,005,000 n/a 0.2%
Hamilton Mortgage Corporation $64,835,000 $52,850,000 -18.5% 0.2%
HOMESTAR FINANCIAL CORPORATION $97,770,000 $52,450,000 -46.4% 0.2%
Listerhill Credit Union $154,040,000 $52,215,000 -66.1% 0.2%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $1,500,000 $50,445,000 3,263.0% 0.2%
Old National Bank $590,000 $50,420,000 8,445.8% 0.2%
EMBRACE HOME LOANS, INC. $74,970,000 $49,910,000 -33.4% 0.2%
ENVOY MORTGAGE, LTD $46,665,000 $49,485,000 6.0% 0.2%
The Hometown Bank of Alabama $48,145,000 $49,415,000 2.6% 0.2%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $3,090,000 $47,945,000 1,451.6% 0.2%
AuburnBank $43,135,000 $47,590,000 10.3% 0.2%
SWBC MORTGAGE CORPORATION $28,070,000 $46,345,000 65.1% 0.2%
First National Bank of Pulaski $56,625,000 $45,745,000 -19.2% 0.2%
The First, A National Banking Association $86,005,000 $45,430,000 -47.2% 0.2%
TRIAD FINANCIAL SERVICES, INC. $55,230,000 $44,905,000 -18.7% 0.2%
Metropolitan Life Insurance Co $44,625,000 n/a 0.2%
Carrington Mortgage Services, LLC $62,715,000 $44,345,000 -29.3% 0.2%
CANOPY MORTGAGE, LLC $2,080,000 $43,205,000 1,977.2% 0.2%
Hancock Whitney Bank $66,605,000 $42,775,000 -35.8% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $41,550,000 $41,645,000 0.2% 0.2%
AMERICAN FINANCIAL NETWORK, INC. $41,570,000 n/a 0.2%
The Federal Savings Bank $41,370,000 $41,405,000 0.1% 0.2%
Traditions Bank $58,485,000 $40,765,000 -30.3% 0.2%
MAX Credit Union $74,285,000 $39,715,000 -46.5% 0.2%
SmartBank $51,975,000 $39,345,000 -24.3% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $46,420,000 $39,235,000 -15.5% 0.2%
CIS Financial Services, Inc. $27,405,000 $38,885,000 41.9% 0.2%
PENTAGON FEDERAL CREDIT UNION $56,410,000 $37,380,000 -33.7% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $70,970,000 $36,355,000 -48.8% 0.2%
Metro Bank $30,065,000 $36,295,000 20.7% 0.2%
INTERLINC MORTGAGE SERVICES, LLC $217,650,000 $35,755,000 -83.6% 0.2%
Troy Bank and Trust Company $82,620,000 $35,750,000 -56.7% 0.2%
Victorian Finance, LLC $3,925,000 $35,685,000 809.2% 0.2%
Alabama One Credit Union $49,840,000 $35,215,000 -29.3% 0.2%
Tyndall Federal Credit Union $36,915,000 $35,045,000 -5.1% 0.2%
Prudential Huntoon Paige Associates, LLC $19,405,000