Expertise.com

2024

Last updated:

Best Mortgage Brokers in Tuscaloosa, AL

Our Recommended Top 5

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 Tuscaloosa Mortgage Brokers on more than 25 variables across five categories, and analyzed the results to give you a hand-picked list of the best.

28Reviewed

18Curated

5Top Picks

Learn about our selection process.

Providers

featured provider = Featured Provider

1904 Indian Lake Drive, Birmingham, AL 35244
WebsiteLicense: 206004

Expertise.com Rating

Review Sources

Google
5.0 (130)
Facebook
4.9 (96)

Why choose this provider?

Classic Home Mortgage, Inc., caters to people in the Tuscaloosa metro. Its officers work to make the loan process simple for first-time homebuyers who want to fund their dream houses and homeowners who plan to refinance their current mortgages. Loan programs available include conventional, jumbo, FHA 203, USDA, and VA mortgages. The team helps clients get pre-qualified and guides them through closing. Erin Tatum, the president and owner, commenced her career in the mortgage field in 1995 and established the agency in 2009.

  • Refinance

2316 University Blvd Suite 100, Tuscaloosa, AL 35401
WebsiteLicense: 1988963

Expertise.com Rating

Why choose this provider?

U.S. Mortgage Solutions serves residential property owners and buyers in Tuscaloosa and the surrounding areas. It offers different types of home loans for purchase and refinance transactions, handling the process from pre-qualification and applying for a loan to determining the applicable loan program and closing. It provides adjustable-rate and 15-year fixed-rate mortgages based on clients' current financial situations. The U.S. Mortgage Solutions team also educates its buyers about calculating credit scores and borrowing funds for down payments.

  • New Construction

4500 Valleydale Road, Ste F, Tuscaloosa, AL 35242
WebsiteLicense: 204149

Expertise.com Rating

Review Sources

Facebook
5.0 (20)

Why choose this provider?

Gagliano Mortgage, Inc., offers various broker services to the residents of Tuscaloosa. The team delivers reverse mortgage loans for the elderly members of the community. It has FHA-backed products for individuals with less ideal credit situations. Home refinancing is also available to convert existing obligations into forms with more reasonable terms and conditions. Gagliano Mortgage, Inc., maintains listings of real estate, accounting, and appraisal professionals who expedite the multifaceted aspects of property sales and purchases.

  • Refinance
  • New Construction

2804 Lurleen B Wallace Blvd, Suite 3, Northport, AL 35476
WebsiteLicense: 1858331

Expertise.com Rating

Review Sources

Facebook
5.0 (8)
Google
5.0 (2)
Zillow
5.0 (1)

Why choose this provider?

MortgageRight Tuscaloosa is a lending company serving home purchasers and homeowners in the metro who are seeking to refinance. Its mortgage loan options include jumbo for high-priced luxury houses and FHA for first-time buyers and clients with lower credit scores. The company also provides refinancing options for different needs, including significant home damage, marriage expenses, education payments, new start-up business initial funds, lifestyle upgrades, and remodeling/renovation. MortgageRight is an approved lender partner of TJC Mortgage.

  • Refinance

2 Chase Corporate Drive, Suite 30, Hoover, AL 35244
WebsiteLicense: 2354123

Expertise.com Rating

Review Sources

Facebook
5.0 (51)

Why choose this provider?

Cahaba Mortgage, a member of the Veterans Advocacy & Benefits Association, has been providing custom financial solutions for individuals in and around the Tuscaloosa area since 2016. Its team assists clients throughout the process of obtaining loans, from pre-approval to closing. The mortgage advisors offer a variety of products, including FHA loans, which cater to clients with low credit scores. VA, conventional, jumbo, and renovation loans are also available. Josh Hefty established Cahaba Mortgage after 11 years of working in the industry.

  • Refinance
  • New Construction

Compare our Top Mortgage Brokers

NameExpertise RatingAddressPromotionsLearn more
Classic Home Mortgage Inc.
1904 Indian Lake Drive, Birmingham, AL 35244
U.S. Mortgage Solutions
2316 University Blvd Suite 100, Tuscaloosa, AL 35401
Gagliano Mortgage, Inc.
4500 Valleydale Road, Ste F, Tuscaloosa, AL 35242
MortgageRight Tuscaloosa
2804 Lurleen B Wallace Blvd, Suite 3, Northport, AL 35476
Cahaba Mortgage
2 Chase Corporate Drive, Suite 30, Hoover, AL 35244

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.