Mortgage Refinance Companies in Birmingham, AL
Directory of mortgage refinance companies in Birmingham, Alabama. Verify credentials with the state state mortgage licensing authority before hiring.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Alabama before hiring.
Showing 20 mortgage refinance companies in Birmingham, AL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
A mortgage refinance company in Birmingham Alabama helps homeowners lower their interest rate or change loan terms. Alabama law requires lenders to provide a Loan Estimate within three business days of application. Local companies understand Birmingham property values and can guide you through the refinance process.
What Does a Mortgage Refinance Company in Birmingham Cost?
Typical costs for a mortgage refinance in Birmingham Alabama include an appraisal fee of 400 to 700 dollars, lender origination fees of 0.5 to 1 percent of the loan amount, and title insurance costing 500 to 1,000 dollars. Alabama also imposes a mortgage recording tax of 15 cents per 100 dollars borrowed. Total closing costs often range from 2,000 to 5,000 dollars. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What is the minimum credit score to refinance in Alabama?
Most lenders in Alabama require a minimum credit score of 620 for conventional refinance loans. FHA loans may accept scores as low as 580. Your specific score requirement depends on the lender and loan type.
How long does a mortgage refinance take in Birmingham?
A typical refinance in Birmingham Alabama takes 30 to 45 days from application to closing. Delays can occur if an appraisal or title work takes longer. Alabama law does not set a maximum time limit for the process.
Are there Alabama specific costs for refinancing?
Alabama charges a mortgage recording tax of 15 cents per 100 dollars of the loan amount. You may also pay state documentary stamp taxes. These costs are in addition to lender fees and appraisal charges.