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Best Mortgage Refinance Companies in Mobile

2023

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Website
7549 Assunta Court, Fairhope, AL 36532
  • Reverse Mortgages

Why choose this provider?

Bay Mortgage Corporation offers refinancing loans to homeowners in Mobile. It uses the team approach in dealing with clients by mandating the whole team, and not just the loan officer, to assist homeowners. It provides loans for those who want to restructure their debts or free up cash from equity through refinancing. The company also offers fixed-rate, adjustable-rate, and construction permanent loans. In addition, it has government loan programs, buydown options, and second mortgages. The company's agents have a combined 40 years of experience.

License Verified:

License: 206821

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.
4.9
Facebook
5.0 / 5 (68)
Google
4.1 / 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
1120 Hillcrest Rd 2D, Mobile, AL 36695
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Azalea City Mortgage Incorporated caters to clients throughout Mobile and its surrounding areas. It provides mortgage refinancing services, assisting those looking to refinance their outstanding loan, purchase their dream home, or buy their first residential property. It offers a wide variety of loan options, including FHA, VA, jumbo, conventional, and home equity loans. Clients can use the company's refinance advisor services through its website to help them narrow down their loan options based on their needs.

License Verified:

License: 228638

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
Facebook
5.0 / 5 (58)
Google
4.9 / 5 (53)

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
3607 Old Shell Rd. Suite 7, Mobile, AL 36608
  • Reverse Mortgages

Why choose this provider?

GMFS Mortgage – Mobile serves the needs of clients in the metro. It offers mortgage refinance options such as cash-out, FHA streamline, first responder offer, and purchase advantage. The firm also provides loan options for first-time homebuyers, including conforming fixed-rate, adjustable-rate, FHA, rural development or USDA, and HomeReady. In addition, it handles products like expanded prime and jumbo express loans for non-traditional and self-employed borrowers. GMFS Mortgage was founded in 1999 and has worked with more than 130,000 customers.

License Verified:

License: 1525967

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
Google
4.9 / 5 (70)

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
30500 State Highway 181, Suite 460, Spanish Fort, AL 36527
  • Multi-Family Loans
  • New Construction

Why choose this provider?

Advance Mortgage & Investment Company, LLC, caters to clients throughout Mobile. It guides homeowners through the refinancing process. It has experience advising individuals on converting adjustable-rate mortgages to fixed-rate programs or assisting clients in consolidating multiple loans into a single mortgage. It also offers adjustable-rate loan programs for individuals looking to purchase a property they will reside in for less than a decade. The company has been in business for over 17 years. Its team has closed more than $8 billion in loans.

License Verified:

License: 38958

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
Google
4.6 / 5 (159)

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
6336 Piccadilly Square Dr, Mobile, AL 36609

Why choose this provider?

Mortgage Team 1, Inc., is a family-owned and family-operated mortgage broker and lender company that provides home financing solutions to Mobile. The company offers a wide range of loan options, including FHA, VA, conventional, jumbo, and USDA loans, as well as reverse mortgages. It specializes in mortgage refinancing, including cash-out refinances and streamlined refinancing programs. Mortgage Team 1's operating owner, Linda McCoy, has been the president of the National Association of Mortgage Brokers from 2021 to 2022.

License Verified:

License: 39239

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
Facebook
4.6 / 5 (69)
Google
5.0 / 5 (34)

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
128 Industrial Parkway, Suite B, Saraland, AL 36571
  • New Construction
  • Reverse Mortgages

Why choose this provider?

All-Star Mortgages is led by a husband-and-wife team that serves homebuyers and owners in Mobile. The company offers its clients multiple refinancing options, such as cash-out and rate-and-term, which allow them to replace and adjust their existing mortgages without advancing any cash. It also carries a selection of loan programs, including VA, FHA, and USDA, for customers looking to purchase residential and investment properties. President Byron Fillingim has been in the mortgage industry since 2018.

License Verified:

License: 1985124

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
Facebook
5.0 / 5 (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

Website
19940 State HWY 181 Suite C, Fairhope, AL 36532
  • New Construction

Why choose this provider?

Homefront Lending LLC is a veteran-owned and veteran-operated company that serves property owners in Mobile and nearby areas. The company offers various mortgage refinance options besides providing clients with VA, conventional, and FHA loans. Its mortgage advisors assist first-timers in home selling and purchasing. One of its team members, Rachel Marion, has been active in the real estate and mortgage trade for the past 15 years. Homefront Lending is also licensed to accommodate clients in Florida, Colorado, and North Carolina.

License Verified:

License: 2017384

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.
4.9
Google
4.8 / 5 (31)
Facebook
5.0 / 5 (31)

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
232 Professional Ct Ste C1, Gulf Shores, AL 36542

Why choose this provider?

Fountain Home Loans LLC caters to clients throughout the Mobile area. It helps them meet financial goals like lowered interest rates or decreased program terms through assistance with the refinancing process. The agency has experience modifying the terms of USDA, VA, and FHA loans. It also sets up fixed-rate and adjustable-rate mortgages for clients aiming to acquire properties. It runs a website with tools like mortgage calculators and home value estimators to aid individuals with decision-making.

License Verified:

License: 976075

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.
4.9
Google
4.9 / 5 (13)
Facebook
5.0 / 5 (6)

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
8154 State Highway 59, Suite 207, Foley, AL 36535

Why choose this provider?

The Sharon Thompson team serves residents of Mobile who need mortgage refinance options. It has reverse loan options for retirees and VA plans aimed at members of the national defense establishment. Renovation products are available, and the company refinances current debts into more manageable forms. Sharon Thompson works under the Fairway Independent Mortgage Corporation banner. The company has educational modules online to inform purchasers and sellers of real estate about the finer points of home sale transactions.

License Verified:

License: 144797

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 (51)
Facebook
4.9 / 5 (23)

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
433 Breckin Dr, Fairhope, AL 36532
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Fairhope Mortgage serves the real estate needs of residents in and around Mobile. It caters to individuals and families who need refinancing solutions to obtain their dream residential spaces. The agency guides clients during interviews with title companies, insurance agents, and Realtors. It also helps buyers and investors file pre-approval requests and identify the current mortgage market trends. Fairhope Mortgage offers a wide selection of loan options, such as FHA, VA, conventional, and renovation programs.

License Verified:

License: 1075152

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.
4.6
Facebook
4.6 / 5 (21)

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
1703 Gulf Shores Parkway, Gulf Shores, AL 36542
  • Reverse Mortgages

Why choose this provider?

Barr Group Mortgage helps the residents of Mobile reduce their interest rates and change the terms of their home loans through refinancing. The brokerage offers fixed-rate and adjustable-rate mortgages as well as jumbo, VA, and FHA loans. Georgia Kelly, one of its mortgage brokers, provides financial advice for first-time home buyers and homeowners based on changes in mortgage programs and market conditions. In addition, she utilizes decision-making tools and mortgage calculators to help clients project their potential expenses.

License Verified:

License: 74355

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.
4.5
Google
4.8 / 5 (26)
Facebook
5.0 / 5 (6)
Yelp
2.0 / 5 (4)

Website
1751 Old Shell Road, Mobile, AL 36604
  • Reverse Mortgages

Why choose this provider?

Brandon Hambright is a branch manager for American Home Lending USA, LLC—a mortgage company founded in 2008. Hambright works with individuals and families in Mobile seeking to refinance their current mortgages to change loan rates or terms. A refinance program also allows borrowers to extract cash equity, which can be used to pay off debts, improve homes, and fund education. Hambright guides applicants through the borrowing procedure, from current appraisal and analysis and asset and income verification to paperwork processing and closing.

License Verified:

License: 85097

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 (12)

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
5695 Rabbit Creek Dr, Ste 103, Theodore, AL 36582
  • New Construction
  • Reverse Mortgages

Why choose this provider?

Rich Preston is a NEXA Mortgage branch manager who serves individuals and families in Mobile and the surrounding areas. He helps clients change their mortgage terms, reduce their interest rate and monthly payments, or take cash out from their homes' equity through refinancing programs. He offers a variety of refinance loan products, including fixed-rate, adjustable-rate, conforming, jumbo, and super jumbo loans. In addition, he and his team offer a wide assortment of home purchase loans.

License Verified:

License: 1735238

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 (32)
Facebook
5.0 / 5 (9)
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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.

  • Can your spending habits disqualify you from getting approved for a home refinance in Mobile?

    It is possible. Underwriters are concerned about recurring expenses because they account for the majority of your income. When you have a lot of overdue payments and credit card bills, it may indicate that you are in a lot of debt, which may affect your ability to pay off your loan. However, there will be other factors that underwriters will consider, which may result in your refinancing application in Mobile being approved.

  • What qualities should you look for in a lender in Mobile when refinancing an FHA loan?

    A good lender in Mobile will offer refinancing options to borrowers with credit scores as low as 500. They must also offer FHA 203k loans, as well as competitive interest rates and fees. The lender's team must collaborate closely with the client, providing constant updates and communicating issues as they arise. The processing and underwriting team must also be efficient because their work has a significant impact on the refinancing process. Be aware that not all lenders who offer FHA loans have the same rates and fees.

  • Can you get a home equity loan in Mobile as a lump sum?

    The majority of home equity loans are issued as a lump sum with fixed interest rates and terms ranging from five to 30 years. The loan operates similarly to a personal line of credit and can be quickly obtained in Mobile, Alabama, days after closing. It is a fully amortized loan, which means that both the principal and interest are reduced after each payment. The amount you can borrow depends on your home's equity, credit score, and ability to repay.

  • What happens if you defaulted on mortgage payments in Mobile?

    The lender may seize your Mobile home through foreclosure. It depends on the type of mortgage you have, but lenders are required by law to provide you with loss mitigation options prior to foreclosure. Some of these options include forbearance, refinancing, and loan modification. You usually have at least 120 days from the date of your last due payment to apply for any option. A mortgage payment default, in addition to a foreclosure, can have an impact on your credit score.

  • How do refinance rates in Mobile and throughout Alabama fare against the national average?

    According to FRED's economic data, refinance rates in Mobile and throughout Alabama have recently been lower than the national average. The national average for a fixed-rate mortgage is 4.45%, while the state average is 4.34%. The state's 30-year fixed-rate mortgage is 5.09%, while the national rate is 5.3%. Keep in mind that this is a rough estimate and that rates change on a daily basis. The borrower's financial situation can also have an impact on their ability to obtain low rates.

  • 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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