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Best Mortgage Refinance Companies in Birmingham

2023

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Website
7145 Happy Hollow Rd., Ste 110E, Trussville, AL 35173
  • Conforming Loans
  • Fixed-Rate Mortgages
  • Refinancing
  • VA Loans
  • Construction Financing

Why choose this provider?

Hilda Campbell is a broker for Thrive Mortgage offering mortgage refinance programs to the people of Birmingham. She assists clients throughout the homeownership process, which involves discussing short- and long-term financial goals, gathering information by completing application forms, pre-qualifying, submitting asset and income documentation, processing and underwriting loan once the seller accepts the buyer's offer, and waiting for the final approval. Thrive Mortgage provides FHA, VA, USDA, and jumbo loans. It also customizes reverse mortgages for clients aged 62 and above.

License Verified:

License: 839022

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.7

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Price: Call for quote

848-BookPro
Birmingham, AL

Why choose this provider?

Need help contacting a Mortgage Refinance Company in Birmingham? Call our Concierge team at 848-Book-Pro (848-266-5776 from 6 am - 4 pm PT | Mon - Fri). They are standing by to help you get the service you need.

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Price: Free booking service | Call 848.Book.Pro!

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (130)
Facebook
4.9 / 5 (107)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

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.

License Verified:

License: 221195

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.4
Google
4.3 / 5 (23)
Facebook
5.0 / 5 (4)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

Website
3144 Cahaba Heights Road, Birmingham, AL 35243

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (35)
Facebook
5.0 / 5 (18)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
––

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.9 / 5 (138)
Facebook
4.7 / 5 (54)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (41)
Facebook
5.0 / 5 (24)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Facebook
4.8 / 5 (279)
Yelp
4.5 / 5 (16)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (88)
Facebook
5.0 / 5 (58)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (21)
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (14)

Website
85 Bagby Drive, Homewood, AL 35209
  • Reverse Mortgages

Why choose this provider?

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.

License Verified:

License: 189527

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (5)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (158)
Facebook
4.8 / 5 (47)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (22)
Yelp
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9
Google
4.9 / 5 (128)
Facebook
5.0 / 5 (83)
Yelp
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.8 / 5 (35)
Facebook
5.0 / 5 (9)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

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

Why choose this provider?

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.

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (29)
Facebook
5.0 / 5 (11)
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Frequently Asked Questions

  • Introduction

    Refinancing a mortgage can be a complicated process, and hiring a mortgage refinancing broker can make it simpler and faster. There are several things you can do to protect your interests and help your broker complete the process for you.

    Check a potential broker’s online reviews to find one with a good reputation. In addition to the opinions of past clients, check to see if a broker has an online portfolio, which can support the reviews you find from past clients to show a broker’s trustworthiness. This can also help you establish if a broker has handled financing for properties similar to yours.

    Get a written summary of a broker’s rates before committing so you know exactly what hiring your chosen mortgage refinance broker will cost. Find out which lenders work with your broker and what information they need to successfully refinance your mortgage.

  • While shopping around for a home or for refinancing options, can you retain the interest rate on your loan approval in Birmingham?

    During the refinancing or home-buying process in Birmingham, you can stop your interest rate from changing on your loan approval through a tool called a mortgage rate lock. This allows you to lock in the interest rate if you close within a certain lock period and your application has no changes. Rate lock duration typically lasts 30 to 60 days, and extensions may be possible.

  • What should your credit score be when applying for a mortgage in Birmingham?

    While lenders may have varying opinions on the ideal credit score, having a FICO score of 620 or higher is generally a good starting point. In Birmingham, your credit score is a crucial factor that lenders consider to determine if you qualify for a mortgage. Borrowers with higher credit scores usually receive better mortgage rates, making them more favorable to lenders.

  • What happens to your mortgaged property in Birmingham if you and your spouse divorce?

    If the spouse living in the house stops paying the mortgage, the property in Birmingham can be foreclosed on. It is recommended that the spouse getting the home apply for a new mortgage under his/her name instead. If there is equity in the home, it can be used as a down payment on the new mortgage.

  • When should you consider refinancing your existing mortgage in Birmingham?

    You may want to consider refinancing if you find a rate that is lower by 1-2% of what you are currently paying or want to switch to a shorter term when rates drop. Refinancing in Birmingham is also the solution if you need lower payments. It allows you to convert from an adjustable-rate mortgage to a fixed-rate mortgage, or vice versa. Moreover, a cash-out refinance is the answer if you are in need of some cash.

  • Is it necessary to get prequalified for a mortgage in Birmingham?

    Securing prequalification for a mortgage in Birmingham is crucial as it aids in adhering to a defined budget during your home search. Additionally, it demonstrates to sellers that you possess prearranged financing, potentially giving you an advantage over other buyers by presenting a "clean" offer. This can enhance your appeal as a potential buyer.

  • How do you refinance a mortgage?

    Decide why you’re refinancing, such as to get a lower interest rate, pay off your loan faster, or to get a lower monthly payment. Share your credit information with your broker along with information about the equity you have in your home. Review your mortgage refinance broker’s quotes and choose the best loan terms.

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