Looking for a mortgage lender in Alabama? AD Mortgage offers its partners a wide range of loan programs and innovative technology, backed by more than 20 years of experience
Alabama’s housing inventory is rising, giving buyers more options to choose from as the market moves toward greater balance.
Therefore, while statewide figures provide useful context, local market conditions and borrower profiles are critical to each transaction.
To help partners handle a wide range of Alabama scenarios, AD Mortgage offers a diverse program portfolio, including Conventional, FHA, VA, jumbo, and Non-QM financing. Product eligibility and underwriting decisions are subject to the complete loan file and applicable guidelines.
Matching your clients’ needs with the right solution is easy with AD Mortgage’s diverse range of mortgage programs. From Conventional to Non-QM, we help partners serve first-time buyers, self-employed individuals, veterans, investors, and other types of borrowers
Close DSCR loans with fast turn times
An affordable financing option with standard requirements
Qualify homebuyers with limited down payment capabilities
Get 50 bps with all Rate Buydowns. Add flexibility with Lender-Paid or Seller-Paid options.
Choose from 1-0, 1-1, 2-1, and 3-2-1 options to help borrowers lower their initial monthly payments.
For primary residences and 2nd homes on 30-Year Fixed Super Prime, Prime, and Fixed Conventional. 
Alabama property taxes are calculated based on the property’s appraised value, an assessment ratio of 10% for most residential owner-occupied properties, and a local millage rate.
Eligible homeowners may also qualify for homestead exemptions.
Alabama closing costs may include lender fees, appraisal charges, title and settlement services, prepaid homeowners insurance, initial escrow deposits, recording fees, and applicable local charges. Mortgage rates and final loan terms depend on the program, credit profile, loan-to-value ratio, occupancy, property type, and market conditions at the time of pricing.
The Alabama Housing Finance Authority (AHFA) offers homeownership programs that eligible borrowers may explore through participating lenders, including:
Disclaimer: Mortgage rates, program availability, property taxes, and closing costs are subject to program requirements and availability. This information is provided for general educational purposes only and is not intended as legal, tax, or financial advice
24/7 Support for Alabama Loan Workflows
The First Integrated Non-QM AUS in Mortgage History
Mortgage Resources for Alabama Partners
Streamline the Process with Rapid, State-Compliant Initial Disclosure
Perfect for W-2 and Self-employed Borrowers
Earn and Redeem Points for Benefits
LEADer CRM for Alabama Brokers and LOs
An Alabama loan calculator to estimate payments with ease
Get an Alabama Mortgage Scenario Reviewed in 30 minutes
READY TO CONNECT?
How Do Alabama Brokers Become AD Mortgage Partners?
Alabama mortgage brokers can complete the Broker Package to begin the approval process and gain access to AD Mortgage programs, technology, and partner support.
How Can I Compare Alabama Mortgage Rates and Closing Costs?
Alabama mortgage brokers should compare scenarios using the same loan amount, program, term, occupancy, points, and lock period. The interest rate reflects the cost of borrowing, while APR includes the rate and certain loan fees to provide a broader cost measure. Review itemized costs or Loan Estimates, where applicable, to compare fees, lender credits, and cash to close.
What is the Difference between a Mortgage Broker and a Wholesale Lender in Alabama?
A mortgage broker works with borrowers to identify and place suitable financing options, while a mortgage lender underwrites and funds the loan. Wholesale lenders work through mortgage professionals such as brokers, whereas banks and direct lenders typically originate loans directly with borrowers.
How Do Alabama Brokers Submit a Mortgage Scenario?
Submit an Alabama loan through the Scenario Request Form with details such as loan purpose, occupancy, estimated credit score, and income documentation. Our experts will contact you within 30 minutes with a loan solution tailored to your client’s needs.
How Can Alabama Mortgage Brokers Check Guidelines and Pricing?
Alabama brokers can use ADwise to check AD Mortgage guidelines, program requirements, and policy questions. Brokers can also use Quick Pricer with key details such as FICO, LTV, loan purpose, occupancy, and income type to quickly check pricing and eligibility.
What Credit Score and Down Payment Do I Need for a Mortgage in Alabama?
There is no universal Alabama minimum because credit score and down payment requirements vary by program, property, occupancy, loan amount, underwriting findings, and borrower profile. Brokers can submit a scenario to see what terms their client can qualify for.
How Do I Find a Mortgage Lender in Montgomery, Alabama?
Start by researching the lender and reviewing its credentials – for example, A&D Mortgage LLC is licensed in Alabama #23203 and holds NMLS #958660. Compare available programs to find options that fit your clients’ purchase or refinance needs. Submit a Scenario Request to discuss a specific borrower’s situation.
Does AD Mortgage Offer VA Loans in Alabama?
Yes. AD Mortgage offers VA loan programs to eligible Alabama borrowers. The VA Standard program offers loan amounts up to $2 million, no down payment requirement for eligible borrowers, and a minimum FICO score of 580.
VA loans require a Certificate of Eligibility and are subject to entitlement, occupancy, credit, and other lender requirements.
Can First-Time Alabama Homebuyers Use FHA or Conventional Loans?
Yes. Qualifying first-time buyers may use FHA or Conventional financing, depending on their credit, income, down payment, property, and other factors. Eligible buyers may also qualify for down payment assistance through the Alabama Housing Finance Authority (AHFA).
Can Self-Employed Borrowers Qualify Using Bank Statements in Alabama?
Yes. Eligible self-employed borrowers may qualify using personal, business, or combined bank statements rather than tax returns through AD Mortgage’s Bank Statement loan program.
Can I Use a DSCR Loan for an Alabama Rental Property?
Yes. Investors can use a DSCR loan to finance eligible Alabama rental properties – for example, AD Mortgage’s DSCR loan program. Lender approval is separate from local requirements, so investors should also check with the applicable city or township for permission to operate a rental.
What Down Payment Assistance is Available in Alabama?
Eligible Alabama homebuyers may explore programs offered by the Alabama Housing Finance Authority (AHFA), including Step Up and First Step. Income, property, loan, credit, and other program requirements apply, and assistance is available through participating lenders.
How Does AHFA Step Up Work?
AHFA Step Up provides eligible borrowers with down payment assistance equal to 4% of the sales price, capped at $10,000, when paired with an eligible first mortgage. The assistance is generally structured as a repayable 10-year second mortgage, and borrower education and other eligibility requirements apply.
What are the Conforming and FHA Loan Limits in Alabama?
Loan limits depend on the year, county, loan type, and number of units. Check the FHFA conforming loan limit lookup for current conventional limits and HUD for FHA limits.
How Do Alabama Property Taxes and Homestead Exemptions Affect My Payment?
Property taxes depend on the property’s assessed value, local millage rates, and any applicable exemptions. When taxes are included in escrow, changes in the tax bill can affect the monthly mortgage payment.
What Should I Check before Financing a Coastal Alabama Property?
Review occupancy, property condition, condo eligibility where applicable, and flood and windstorm insurance requirements and deductibles. Investment properties may also require rental documentation and confirmation that local rules permit the intended rental use.
Is AD Mortgage Licensed in Alabama?
Yes. A&D Mortgage LLC holds NMLS #958660 and Alabama Consumer Credit License #23203. Visit the Important Disclosures page for more licensing details.
How Can an Alabama Borrower Contact AD Mortgage?
AD Mortgage is a wholesale lender that works with mortgage brokers and loan originators rather than directly with borrowers. Alabama mortgage professionals can contact AD Mortgage Partner Support by phone, email, or video call, or reach out to their Account Executive directly.
