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2024

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Best Mortgage Brokers in Hoover, AL

Our Recommended Top 10

We did the research for you!

  • Licensing
  • User Reviews
  • Mystery Shopping Calls

Our goal is to connect people with the best local professionals. We scored Hoover Mortgage Brokers on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

30Reviewed

22Curated

10Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1 Perimeter Park South, Suite 230 South, Birmingham, AL 35243
WebsiteLicense: 2239

Expertise.com Rating

Review Sources

Zillow
5.0 (554)
Google
4.8 (268)
Facebook
4.9 (66)

Why choose this provider?

MortgageRight Birmingham is a direct lender that serves Hoover. It shares its expertise in conventional, jumbo, USDA, and FHA mortgages with clients who are buying a new home. The company comprises over 10 loan officers who also assist homeowners in refinancing loans to pay off mortgages within a shorter period or cash out on equity for remodeling or education funding purposes. One of MortgageRight's founders, Joe Meadow, is a former US Army soldier who helps fellow veterans become homeowners through VA loans.

  • Commercial Loans

4625 Valleydale Road, Hoover, AL 35242
WebsiteLicense: 2100652

Expertise.com Rating

Review Sources

Realtor
5.0 (6)
Zillow
5.0 (3)

Why choose this provider?

Teacha Davis is a mortgage banker from LeaderOne Financial Corporation who serves individuals, couples, and families in and around the Hoover metro. She handles matters related to residential home loans for real estate purchases and refinances, helping match clients with loan products that suit their particular needs. The options include FHA, VA, USDA, conventional, and jumbo mortgages. The company has been operating since 1992 and provides financing for approximately $2 billion in mortgages annually for new and existing homes.

  • Refinance

2007 Eagle Ridge Drive, Birmingham, AL 35242
WebsiteLicense: 220395

Expertise.com Rating

Review Sources

Google
5.0 (380)
Facebook
4.9 (23)
Zillow
5.0 (10)

Why choose this provider?

MortgageBanc is a local mortgage lender that caters to clients in and around Hoover. It offers a range of loan products, from conventional loans, FHA, USDA, VA, and jumbo loans, to reverse mortgages. It provides physician and renovation loan mortgages, refinancing loans, and fixed-rate and adjustable-rate mortgages. MortgageBanc is a Birmingham-based branch of Fairway Independent Mortgage Corporation and has been in the industry since 2003. Its team has over 100 years of combined experience in the mortgage industry.

  • Multi-Family Loans

2171 Clearbrook Rd, Hoover, AL 35226
WebsiteLicense: 148564

Expertise.com Rating

Review Sources

Facebook
5.0 (10)

Why choose this provider?

NMI Mortgage Funding, LLC., offers various loan options to clients based in Hoover. The company has FHA loans for first-time homebuyers with challenging credit ratings and reverse mortgages fit for the aging members of the community. Products are available for homeowners undertaking home-improvement projects to raise energy efficiency. The team also refinances current obligations for various needs, such as tuition funds and debt consolidation. NMI Mortgage Funding has ties with more than 100 program providers catering to ordinary residents and real estate investors.

  • Refinance

4256 Cahaba Heights Ct, Birmingham, AL 35243
WebsiteLicense: 424981

Expertise.com Rating

Why choose this provider?

David Karcher is a mortgage professional who has been in the industry since 1998. He has helped over 1,000 clients in the Hoover community, ranging from adults, children, and seniors to advisors and real estate professionals. He also holds the title of the Reverse Mortgage Guru. Karcher conducts mortgage transactions under SimpleReverse Lending, addressing the needs of people looking to pay for in-home health care, refinance their loans, retire an existing mortgage, supplement their income, and improve their cash flow.

  • Reverse Mortgages

Hoover, AL 35022
WebsiteLicense: 1746597

Expertise.com Rating

Why choose this provider?

Nick Fowler is a mortgage broker serving Hoover and nearby locations. He is licensed to practice in Alabama, Florida, and Tennessee. Fowler helps clients apply for a reverse mortgage, a loan option for seniors which allows homeowners to convert their home equity into cash without monthly mortgage payments. Other options include 203K, USDA, fixed-term, and FHA loans. He is a first-time home buyer and experienced home investor who was recently named one of Alabama's Top 20 mortgage brokers.

  • New Construction

2080 Valleydale Rd., Hoover, AL 35244
WebsiteLicense: 189390

Expertise.com Rating

Why choose this provider?

Nu Source Lending Mortgage Corporation caters to clients across the Hoover metro and the surrounding areas. Its team focuses on helping individuals and families purchase homes suitable for their personal interests and financial goals by offering mortgage loan programs. These options include VA, USDA, FHA, and conventional loans. In addition, it offers assistance to clients wishing to apply for construction, mobile home, and rehab loans. Refinancing services are also available. The company has been operating since 2007.

  • Reverse Mortgages
  • Refinance

1244 Main Street, Gardendale, AL 35071
WebsiteLicense: 220330

Expertise.com Rating

Review Sources

Facebook
5.0 (6)
Google
5.0 (5)

Why choose this provider?

The Hutson Company handles the needs of home buyers and owners and real estate professionals in the Hoover metro and the surrounding locations. The company offers customers different types of mortgage products, which include home purchase mortgage loans for new and existing homes and refinance loans for existing mortgages. These loan programs include conventional, FHA, USDA, and VA loans. The Hutson Company has been assisting clients to navigate the home-buying process for more than three decades.

  • Refinance

105 Euclid Avenue, Mountain Brook, AL 35213
WebsiteLicense: 594928

Expertise.com Rating

Review Sources

Google
4.3 (13)
Facebook
5.0 (5)

Why choose this provider?

Sean Hentz is a consultant at Prosperity Home Mortgage, LLC. He assists Hoover homebuyers and homeowners with the loan and refinancing process. The agent responds to various mortgage concerns, such as mortgage payment settlement, home equity access, private mortgage insurance matters, difference between adjustable and fixed rates, pre-qualification and pre-approval comparison, and down payment queries. Prosperity Home Mortgage aims to assist individuals and communities through lending solutions that match client needs. Sean is a mortgage loan originator with over two decades of finance expertise.

  • Refinance
  • New Construction

2024 3rd Ave. N Suite 200, Birmingham, AL 35203
WebsiteLicense: 1920535

Expertise.com Rating

Review Sources

Zillow
5.0 (23)
Google
5.0 (3)

Why choose this provider?

Michael Bailey is the owner and loan officer of Michael Bailey Mortgage, LLC. He offers advice to residential property owners and home purchasers in Hoover through his email newsletters that discuss a variety of borrowing factors, such as property risks, price lists, and homebuying considerations. He educates homebuyers on how they can save money through various considerations, including personal finance goals, real estate trends, and market conditions, as well as mortgage rate levels. His company is headquartered in Birmingham.

  • New Construction

Compare our Top Mortgage Brokers

NameExpertise RatingAddressPromotionsLearn more
MortgageRight Birmingham
1 Perimeter Park South, Suite 230 South, Birmingham, AL 35243
Teacha Davis
4625 Valleydale Road, Hoover, AL 35242
MortgageBanc
2007 Eagle Ridge Drive, Birmingham, AL 35242
NMI Mortgage Funding, LLC.
2171 Clearbrook Rd, Hoover, AL 35226
David Karcher The Reverse Mortgage Guru
4256 Cahaba Heights Ct, Birmingham, AL 35243
Nick Fowler
Nu Source Lending Mortgage Corporation
2080 Valleydale Rd., Hoover, AL 35244
The Hutson Company
1244 Main Street, Gardendale, AL 35071
Sean Hentz
105 Euclid Avenue, Mountain Brook, AL 35213
Michael Bailey Mortgage, LLC
2024 3rd Ave. N Suite 200, Birmingham, AL 35203

FAQs

  • Introduction

    It’s the American dream to buy property, and almost everyone who purchases a home does so with the help of a mortgage broker. It can be intimidating when you don’t know where to begin, what information is necessary, and how to receive a loan. A mortgage broker acts as an intermediary between the applicant and the financial institution.


    The mortgage broker’s role includes comparing loan terms across lenders to find applicants the best options, collecting paperwork the financial institution needs to analyze the application, and guiding the buyer through the underwriting and closing processes. Mortgage brokers can significantly simplify the home buying process.

  • Can mortgage brokers work across state lines?

    Yes, mortgage brokers can work across state lines. However, each state has different licensing requirements for mortgage brokers. Customers should ensure their broker can legally work in another state before going across state lines. Lastly, don’t forget the mortgage process is often time-sensitive, so being in different time zones can be problematic.

  • How do mortgage brokers find lenders?

    Mortgage brokers work independently and act as a bridge between the client and the lender. They reach out to several lenders to form a network and build professional relationships with those they work with often. They use lenders who best meet a client's rates and terms, and some lenders only do business through mortgage brokers.  

  • What credit score do mortgage brokers use?

    There are two credit scoring models in the United States: FICO and VantageScore. Mortgage lenders typically prefer to use FICO. However, each credit bureau uses a different version of the FICO score:

    • Experian uses FICO Score 2
    • Equifax uses FICO Score 5
    • TransUnion uses FICO Score 4

  • Do mortgage brokers help with refinancing?

    Yes, mortgage brokers can help with refinancing. Individuals who have a solid credit score will typically go to their bank to refinance their mortgage. However, if you don't have excellent credit, a mortgage broker may be able to secure you a better interest rate than you could get on your own.

    You pay a fee to the mortgage broker, so you'll want to consider this fee versus your savings in your cost-benefit analysis.
  • Can you work with two mortgage brokers?

    You can definitely work with two mortgage brokers. The advantage of using multiple brokers is that you'll have two people reaching out to several lenders to secure the best rate possible. However, you must ensure you provide matching information to all your brokers. If two brokers provide mismatched information about your application to the same lender, it can send off red flags and delay your approval process.

  • Do mortgage brokers get better deals?

    Yes, a mortgage broker should be able to get you a better deal. Mortgage brokers go to several lenders on your behalf and find the one with the best terms and interest rates. However, note that some mortgage brokers have preferred lenders. A broker may bring you their preferred lender's offer, even if it's not the best one; however, this isn't a regular practice.