Who has the best mortgage rates in Alabama?
I’m looking for a primary, single-family home in for , and credit score.
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders with low rates in AL
TrueRate analyzed the rates lenders actually gave to buyers for the last three years and found only a few lenders likely to get you a good deal.
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Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders in AL likely to have high rates
We don’t accept advertising, so you can get the real lender story. TrueRate looked at 50 lenders and found that these lenders are likely to offer you a high rate.
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Insights
Whether a lender has high margins or is simply inefficient and passing their costs on to you, the result is the same—you’ll likely end up paying more for your home. Our data shows that if you choose these lenders you will likely regret it.
George Robinson TrueRate Data ScientistLenders with average rates in AL
You deserve better than what these lenders historically provide.
Sorry, no lenders were found.
Methodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Don’t let lenders pull a fast one on you
Learn how really low rates often come with hidden fees. Drag the slider to see how rates and fees are connected.
Insights
Insights by James McTernan Tomo Mortgage Loan Advisor - NMLS #337556TrueRate report
See how mortgage companies got home buyers to over-pay by billions.
Get the reportMethodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Alabama is proving to be a hidden gem for homebuyers
If you’ve been considering settling down in a state known for its Southern charm and hospitality, now may be the perfect time to make your move.
Birmingham is leading the way in Alabama’s housing market transformation. Once a manufacturing hub, the city is now experiencing a renaissance, fueled by a growing arts scene, revitalized neighborhoods, and a vibrant culinary landscape. Neighborhoods like Avondale and Highland Park offer an appealing combination of historic homes and modern amenities, with a median home price around $250,000—well below the national average.
Mobile, with its rich history and beautiful waterfront, is another great option for homebuyers. The city boasts a lively cultural scene, with festivals and events happening throughout the year. With a median home price of about $190,000, Mobile offers affordability without compromising on quality of life, making it an ideal choice for first-time buyers.
If you prefer a slower pace, consider Huntsville, one of the fastest-growing cities in the U.S. Known for its thriving tech industry and outdoor activities, Huntsville has a median home price around $330,000, making it a strong option for families and professionals alike.
Alabama also offers a range of programs to assist first-time homebuyers, including down payment assistance and affordable loan options, helping make the homebuying process more accessible.
With its combination of vibrant cities, rich history, and improving affordability, Alabama is an excellent state to consider for your next home. Whether you’re drawn to the dynamic atmosphere of Birmingham or the coastal charm of Mobile, there’s much to discover in the Heart of Dixie!