Best Mortgage Refinance Companies in Birmingham

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America's First Federal Credit Union logo

America's First Federal Credit Union

1200 4th Ave N, Birmingham, AL 35203
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  • Reverse Mortgages
  • NMLS #: 39166

America's First Federal Credit Union (AmFirst) offers auto, recreational, and home loans, which include: purchases, refinances, and Home Equity Lines of Credit. This credit union helps customers understand how they can save money through refinancing their homes. VA and FHA loans, including loans through America's First Federal Credit Union and other institutions, typically qualify for refinancing assistance. For the VA Interest Rate Reduction Refinance Loan, the credit union doesn't require a new appraisal or income documentation. To qualify for an FHA loan, members must have a qualifying credit score, funds totaling at least 3.5% of the purchase price for a down payment, and home must be a primary residence.

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Avadian Credit Union logo

Avadian Credit Union

3016 Pelham Pkwy, Pelham, AL 35124
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  • Reverse Mortgages

Avadian Credit Union was founded in 1934 and provides personal and business financial management services in Birmingham. It helps clients refinance mortgages to attain lower interest rates, shorter terms, or lower payments. Cash-out refinancing to obtain a loan above the amount owed lets qualifying members take the difference in cash. Credit union members can also convert conventional mortgages between adjustable and fixed-rate loans. Avadian offers additional mortgage types, including FHA, VA, and USDA rural development loans. Other available services include personal, vehicle, and equity loans and optional payment protection plans. Credit union members can access accounts at numerous branches throughout Alabama and over 5,000 branches and 30,000 ATM locations nationwide.

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Bank of Little Rock Mortgage logo

Bank of Little Rock Mortgage

312 Merchants Walk, Suite 7, Tuscaloosa, AL 35406
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  • Reverse Mortgages

Bank of Little Rock Mortgage is a firm that serves borrowers in Birmingham and the surrounding areas. Since its founding in 1998, it has been assisting people who are looking for mortgage programs to purchase a new house or refinance their current loans. Its mortgage officers also help clients modify their current loan terms and lower the rates or closing costs on a new loan. Scott Mcelmurry, the company's president and CEO, has more than 25 years of mortgage banking experience.

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Ben Chenault logo

Ben Chenault

2007 Eagle Ridge Drive, Birmingham, AL 35242
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  • New Construction

Ben Chenault is a Birmingham-based mortgage advisor at Fairway Independent Mortgage Corporation. He helps homeowners lower their monthly payments and shorten the terms of their loans by providing refinancing solutions. The process includes helping them choose suitable options and gathering the essential documents for applications. In addition, Ben offers renovation, veteran, and reverse mortgage loans. He has been in the mortgage industry for over two decades and has handled more than 2000 transactions.

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Birmingham Mortgage Group logo

Birmingham Mortgage Group

3144 Cahaba Heights Road, Birmingham, AL 35243
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The Birmingham Mortgage Group caters to clients in the metro. It assists property owners with refinancing loans so that they get lower interest rates and smaller monthly payments. They can also ask for assistance in consolidating multiple mortgages for easier repayments. In addition, its team works with first-time and veteran buyers who need financing for new homes or investment properties. Owners Turnenne Newell and Mark Achuff have many years of experience in the mortgage sector.

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Cadence Bank logo

Cadence Bank

2100 3rd Ave N, Birmingham, AL 35203
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  • Reverse Mortgages

Founded in 2009, Cadence Bank provides commercial, business, and personal loans. The bank offers conventional and adjustable-rate mortgages, construction, affordable home, jumbo, FHA, VA, and USDA loans and home mortgage refinance in Birmingham. Its mortgage professionals walk customers through the application process and help clients expand their cash flow, reduce monthly mortgage payments, and tap into their home equity. Cadence Bank offers online home refinancing resources, including a free eBook that discusses the mortgage refinance options, videos explaining the refinancing process, and a refinance calculator that lets customers directly compare their current loans to new loan alternatives.

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Cahaba Mortgage logo

Cahaba Mortgage

2 Chase Corporate Drive, Suite 30, Hoover, AL 35244
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  • New Construction

Cahaba Mortgage gives Birmingham residents various loan and refinancing products. These options include conventional, jumbo, FHA, and USDA loans to prospective house buyers. The company also maintains online calculators that forecast a customer’s expected property sizes and rates. Cahaba Mortgage was established in 2016 after founder Josh Hefty was released from his previous work at a retail lender. He has grown it from a one-man operation into an enterprise with multiple personnel and a clientele that includes military veterans.

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CB&S Bank logo

CB&S Bank

200 Jackson Ave S, Russellville, AL 35653
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  • Reverse Mortgages

Founded in 1906, community-based CB&S Bank supplies comprehensive full-service banking products, including home loan options, to retail and commercial customers. The firm helps clients with mortgages for purchasing, building, and refinancing homes. It handles FHA, VA, fixed-rate, and adjustable-rate mortgages, plus home equity and second home loans. The bank's employees offer home loan insights and assist clients in evaluating the most viable mortgage refinancing options. Additionally, the bank provides commercial real estate services as well as digital, merchant, and insurance banking options. CB&S Bank helps out with express loans to fix smaller financial needs such as holiday, travel, and tax expenses.

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Classic Home Mortgage Inc. logo

Classic Home Mortgage Inc.

1904 Indian Lake Drive, Birmingham, AL 35244
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  • Multi-Family Loans

Classic Home Mortgage Inc. has been serving clients in Birmingham since 2009. The firm navigates individuals through the home buying process and provides them with various loan options, such as FHA, USDA, VA, conventional, and jumbo loans. Its owner, Erin Tatum, has been in the mortgage industry since 1995. Tatum has experience processing loans for over seven years, which include processing, underwriting, and closing. She also served as the president of the Alabama Mortgage Professionals Association.

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Coralie Jackson | Ameris Bank logo

Coralie Jackson | Ameris Bank

1 Chase Corporate Dr Ste 400, Hoover, AL 35244
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  • Reverse Mortgages

Coralie Jackson | Ameris Bank provides mortgage banking and refinancing services for clients and specializes in conventional, adjustable-rate, FHA, and VA loans. To begin the process, clients can apply for refinancing online before meeting with a mortgage banker. Coralie Jackson | Ameris Bank discusses the refinancing options with customers to help them lower their interest rate, obtain equity from their home, or find a new type of loan. Clients can view an educational video for more information on the refinancing options or use the refinancing calculators online to understand how different plans may alter their mortgages.

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First Lenders Mortgage Corporation - Homewood logo

First Lenders Mortgage Corporation - Homewood

85 Bagby Drive, Homewood, AL 35209
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  • Reverse Mortgages

First Lenders Mortgage Corporation is a mortgage refinance lender that serves clients in the Birmingham area. The lender offers various mortgage loan types to first-time homebuyers and those who are planning to refinance, including conventional loans, VA loans, FHA loans, and USDA loans. It follows a mortgage loan process that involves pre-qualification, loan application, loan processing, underwriting, and closing. Home loan originator Joel Brant established the company in October 1988.

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Gagliano Mortgage, Inc. logo

Gagliano Mortgage, Inc.

4500 Valleydale Road, Ste F, Birmingham, AL 35242
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  • Reverse Mortgages

Gagliano Mortgage, Inc., addresses the needs of clients in Birmingham. The company consists of refinancing advisors, purchase assistance, and debt consolidators. It offers home refinance, purchase, and equity loans, in addition to adjustable- and fixed-rate mortgages. Its refinancing solutions involve narrowing down the options according to the client's needs to determine the options that fit them best. The company also offers conforming, conventional, jumbo, FHA, and VA loans. Its additional options include state and local housing programs and combined ARMs.

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Jennifer Strickland logo

Jennifer Strickland

500 Office Park Drive Suite 410, Birmingham, AL 35223
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  • New Construction

Jennifer Strickland is a mortgage professional catering to the needs of property buyers in the Birmingham metro. Strickland and her team assist new homebuyers in securing mortgage loans and homeowners in refinancing existing mortgages. They guide clients in each step of the buying process, from initial discussion to loan closing, and develop solutions to problems encountered along the way. Strickland has more than 25 years of industry experience and is affiliated with Assurance Financial.

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McGowin-King Mortgage logo

McGowin-King Mortgage

2 Office Park Cir #103, Birmingham, AL 35223
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  • New Construction

McGowin-King Mortgage has been working with property owners in Birmingham since 1998. Homeowners can get lower interest rates and reduced monthly payments through mortgage refinancing schemes. The company also helps buyers with obtaining pre-approval for conventional, FHA, Jumbo, VA, or USDA loans. In addition, clients who are at least 62 years old can consult the firm about securing a reverse mortgage. Founders Jim King and Travis McGowin have more than 80 years of combined industry experience.

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MortgageRight Birmingham logo

MortgageRight Birmingham

1 Perimeter Park South, Suite 130 South, Birmingham, AL 35243
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  • Reverse Mortgages

MortgageRight Birmingham is a lending and refinancing company that serves homebuyers in the metro and the surrounding areas. It provides a variety of options, including cash-out, FHA, conventional loan, VA, and no PMI refinancing. The company's branch manager for Birmingham, Dave Molde, is an army veteran who has been in the mortgage industry for over 25 years. MortgageRight is a nationwide lending company that deals with homebuyers directly instead of going through middlemen. It is an Equal Opportunity Housing lender.

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Mr Mortgage Ambassador logo

Mr Mortgage Ambassador

1442 Montgomery Highway Suite 200, Birmingham, AL 35216
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  • New Construction

Mr Mortgage Ambassador under Weber Mortgage offers refinancing solutions to residents in Birmingham. It connects with clients to help them lower their properties’ interest rates and reduce their mortgage payments. Customers have the option to refinance into a new rate term or avail themselves of renovation and cash-out assistance. The other programs that Mr Mortgage Ambassador offers include home purchases, new construction, and conventional loans. Team leader Jay Clyce has more than eight years of experience in the residential lending industry.

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Mutual Savings Credit Union logo

Mutual Savings Credit Union

2040 Valleydale Rd, Hoover, AL 35244
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  • Reverse Mortgages

Founded in 1936, Mutual Savings Credit Union is a mortgage refinance company in Birmingham. This credit union offers mortgage refinancing options on all types of property, financing up to 90% of the value of a home. Private mortgage insurance is not required. Mutual Savings Credit Union also offers personal loans, new and used vehicle loans, home equity loans, and land loans. No minimum credit score is required to join this credit union, but members must either be employed by a Mutual Savings sponsor group or live, work, worship, or attend school in one of the 13 counties in the Birmingham area.

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Reverse Mortgage Alabama logo

Reverse Mortgage Alabama

204 Griffin Park Drive Suite B, Birmingham, AL 35242
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  • Reverse Mortgages

Reverse Mortgage Alabama, a senior lending division of SMG Mortgage, has been serving customers in Birmingham and the surrounding areas with their home financing needs since 2007. While focused on providing reverse mortgage assistance, the company also assists in traditional mortgage and refinance processes. Its morgage advisors offer various mortgage options, such as conventional, FHA, VA, USDA, investment, and construction loans, for clients buying their first homes and those refinancing an existing mortgage to lower monthly payments.

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SMG Mortgage logo

SMG Mortgage

204 Griffin Park Trail, Birmingham, AL 35242
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  • Reverse Mortgages

Established in 2007, SMG Mortgage offers Birmingham clients a varied selection of mortgage services and loan products. Its loan officers help clients refinance their mortgages by identifying better mortgage options that can lower the interest rate or switch the mortgage between fixed-rate mortgages and adjustable-rate mortgages. The business also offers a selection of loan products such as construction loans and reverse mortgages. A client recounts a time when SMG Mortgage helped them improve their credit situation and lower their monthly mortgage payments.

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Southtown Mortgage logo

Southtown Mortgage

2841 Moody Parkway Suite 500, Moody, AL 35004
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  • Reverse Mortgages

Southtown Mortgage is a local brokerage firm assisting customers in and around the Birmingham area with their home financing needs. The organization’s consultants help clients obtain an FHA loan or a type of mortgage from the Federal Housing Administration that lets individuals make a downpayment and has less-restrictive credit requirements. This loan type can also be used to refinance mortgages or renovate homes. The company’s representatives also assist clients with VA and cash-out home loans.

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Stewart Mortgage Corporation logo

Stewart Mortgage Corporation

1401 Providence Park Suite 250, Birmingham, AL 35242
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  • New Construction

The Stewart Mortgage Corporation has been catering to property owners in Birmingham since 1995. Its team offers advice to clients on refinancing their mortgages. This service allows them to get lower interest rates, consolidate multiple loans, and reduce their monthly payments. The company also helps property buyers get loan pre-approval for a wide range of options, such as conventional, FHA, USDA, VA, and Jumbo mortgages. Owner Mike Stewart has more than 25 years of industry experience.

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The Jason Maxam Team at Southwest Funding logo

The Jason Maxam Team at Southwest Funding

3700 Lorna Rd, Vestavia Hills, AL 35216
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  • Reverse Mortgages

The Jason Maxam Team at Southwest Funding has provided home loans and mortgage refinancing services since 1993. The company offers FHA, VA, USDA, FNMA, FHLMC, HECM, and jumbo home loans. Experienced mortgage professionals help customers understand mortgage refinancing alternatives to achieve potential savings on monthly payments, build equity in their existing homes, reduce debt, and get cash for home remodeling or repair. Customers don't have to possess an optimal credit score to refinance with The Jason Maxam Team at Southwest Funding. The company features a free online monthly payment calculator for clients so they can compare monetary savings between the mortgage refinancing options.

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Weber Mortgage logo

Weber Mortgage

1442 Montgomery Highway, Vestavia Hills, AL 35216
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  • Reverse Mortgages

Weber Mortgage offers mortgage refinancing to homeowners in Birmingham. It employs multiple financial professionals and loan officers to examine clients' existing programs to find money-saving alternatives and interest rates. They provide them with personalized mortgage advice and educate them on loan options. They also offer conventional loans, fixed-rate mortgage contracts, FHA, and VA. Additionally, the company provides new construction lending and restoration loans. Weber Mortgage is a family-owned and family-operated business founded in 1996. Michael Weber took over as owner and president in 2008.

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Frequently Asked Questions

Q: What should you expect when refinancing a mortgage?

A: When refinancing a mortgage, expect to answer a lot of questions and provide documentation to back up your answers. You'll may also pay fees and closing costs of around $5,000. Additionally, expect to start over in terms of building home equity, because refinancing takes the amortization process back to the beginning.

Q: How often should you refinance your mortgage?

A: There is no recommended frequency for refinancing a mortgage. How often you should refinance is determined by when it will save you money. If you can get better terms on your mortgage by refinancing, then it’s a good time to take action.

Q: Can you refinance a first mortgage and not a second?

A: You can refinance your first mortgage and not the second one, but it can be difficult. You have to get the lender of your second mortgage to agree to the refinancing. The process is called resubordination, and some home equity lenders won’t agree. Additionally, lenders typically charge extra fees to resubordinate a loan.

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