Mortgage loans in Alabama
Finding the right mortgage in Alabama should start with your finances and unique profile —not a one-size-fits-all loan menu.
Andes Mortgage helps Alabama homebuyers, homeowners and real estate investors compare financing options from multiple wholesale lenders. We serve borrowers throughout Birmingham, Huntsville, Montgomery, Mobile, Tuscaloosa and communities across the state.
As a state licensed Alabama mortgage broker, we help first-time homebuyer programs and zero-down VA or USDA financing to refinancing, home-equity solutions and investment-property loans, we help you understand which options actually fit your goals. We also work with self-employed borrowers, real estate investors, foreign nationals and buyers with income or property scenarios that may fall outside traditional bank guidelines.
Our job is to simplify the numbers, explain the tradeoffs clearly and help you move forward with a mortgage strategy built around your situation.
- First-time homebuyer & DPA loans
- Self-employed & investor solutions
- Refinancing & home equity
- Hablamos español
- NMLS #2187991
Andes Mortgage LLC — a licensed mortgage broker, not a lead form.
- Licensed in Alabama
Regulated Alabama mortgage broker serving the whole state.
- Broker, not a single lender
We shop your file across many wholesale lenders to fit your situation.
Alabama housing market at a glance
Alabama is one of the most affordable markets in the region, with median listing prices well below the national picture — which keeps the door open for first-time buyers and gives investors strong entry points across Birmingham, Huntsville, Montgomery and Mobile. Lower prices paired with steady rents make the math work for a lot of rental strategies here.
The figures below pull live from public listing data and update automatically each month, so you’re always looking at where the Alabama market actually is right now.
Alabama housing market
Loading current figures…
Figures are Realtor.com listing data (what sellers are asking) — not sale prices. Source: Realtor.com via FRED (Federal Reserve Bank of St. Louis). Updates monthly.
Mortgage interest rates today in Alabama
Last update: July 27, 2026
Conventional mortgage - Purchase
| Product | Rate | APR |
|---|---|---|
| 30-yr. fixed | 6.714% | 6.717% |
| 20-yr. fixed | 6.611% | 6.62% |
| 15-yr. fixed | 6.092% | 6.108% |
| 5-yr. ARM | 6.745% | 6.627% |
Conventional mortgage - Refinance
| Product | Rate | APR |
|---|---|---|
| 30-yr. fixed | 6.799% | 6.806% |
| 20-yr. fixed | 0% | 0% |
| 15-yr. fixed | 6.045% | 6.072% |
| 5-yr. ARM | 6.875% | 6.689% |
National 30-year fixed rate
Where the benchmark has moved over the past year. Reported by the Federal Reserve of St. Louis (FRED).
30-Year Fixed Mortgage Rate — Last 12 Months
Source: Freddie Mac PMMS via FRED
Where to go next
Follow your situation into the details — terms, down payment, and the documents each program needs. We are Alabama mortgage brokers and every program below is open to Alabama borrowers today.
Finance a Alabama rental on the property’s income — no tax returns, no personal DTI. It’s our highest-demand investor program.
Already own Alabama rentals? Tap the equity without affecting your current mortgage terms — qualify on the portfolio’s cash flow.
Buying US investment property from abroad? Qualify on the rent, with no US credit history required — a straightforward route for overseas investors.
Living and filing taxes in the US with an ITIN and no SSN? Buy or refinance a home to live in, a second home, or a rental.
Find your Alabama loan in minutes
Answer a few quick questions and we’ll point you to the program that fits and what you’d need to qualify — no credit pull, no obligation. Hablamos español.
Andes Mortgage LLC · NMLS #2187991 · Equal Housing Lender. Licensed mortgage broker in Alabama. Market figures are Realtor.com listing data (not sale prices), published via FRED (Federal Reserve Bank of St. Louis) and updated monthly. This page is informational and is not a commitment to lend; program terms and eligibility vary by lender and are subject to change.