The next step is hunting down the best mortgage for that Birmingham home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Birmingham lenders that will compete to provide a loan at the lowest rate, matching you with nearly 79 Birmingham mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Birmingham mortgage payment was $901 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Birmingham home.

Birmingham is a major city in Alabama with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: Aliant Mortgage Corporation, Amerifund Financial Inc, Alabama Home Mortgage Lending, Amsouth Bank, Alethes llc, Ameriquest Mortgage Company, Amstar Mortgage Corporation.Alabame Financial Potential Centres Inc.Abn Amro Mortgage Group Inc.American Reverse Mortgage Corp.

Birmingham Mortgage & Real Estate Market

In 2006 Birmingham housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Birmingham was $75,800. This number is big in comparison to the median home value back in 2000 of $62,100. Birmingham has a solid home ownership base with 113,032 houses and apartments and 42% of those are occupied by their owners. Despite the current market, historically Birmingham has been a city where people move, buy and stay - with 52% of homeowners currently paying off a mortgage. About 13% of the city's current homeowners are carrying a second mortgage or home equity loan.

Premier Mortgage Funding
2531 Toulon Dr Baton Rouge, LA	Phone: 800-295-8582 Ask for: Evans Paul
Special Mortgage Programs
***RECOMMENDED LENDER*** Your #1 source for all your mortgage needs. We have FHA/VA/Rural Housing loans with down payment assistance for first time home buyers with absolutely great rates for all. For 10 minute Pre-APPROVAL call 1-800-295-8582 or apply online. You can also view a list of forclosed properties at www.LaHudandloanpro.com
Visit Website

Housing	Birmingham, AL	United States
Home Appreciation	7.40%	9.80%
Homes Owned	47.40%	64.07%
Median Home Cost	$98,100	$217,200
Homes Rented	40.85%	21.45%

Location	Population	Median Family Income (2005)
Anniston	24,276	$27,385
Auburn	42,987	$17,206
Bessemer	29,672	$23,066
Birmingham	242,820	$26,735
Decatur	53,929	$37,192
Dothan	57,737	$35,000

Category	Value
First Mortgage Only	52%
2nd Mortgage or Home Equity	13%
Homes With No Mortgage	34%
Second Mortgage Only	8%
Home Equity Loan Only	6%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
application away. Simply fill out our short form and get quotes from mortgage lenders near you!

Fixed Rate vs. Interest Only
Mortgage Loan Payoff
Simple Mortgage Calculator
Mortgage Loan Comparison
Savings Goal Calculator

View mortgage calculators >>

Mortgage Identity Theft
Glossary of Mortgage Terms
Ask a Mortgage Lender
FREE Mortgage Quotes
Find a Real Estate Agent
Find a Real Estate Appraiser
Predatory Mortgage Lending
Basic Mortgage Checklist
Moving Companies
Get Your Homes Value!