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Why Mortgage Lenders Plus?
Certified lenders compete for your loan and you compare and choose from multiple offers online! Trained consultants are available to assist you whenever you need them. Apply Today
Would you like to buy or refinance a home in Decatur? You're going to need a home loan, or mortgage, to do that. Mortgage rates differ throughout the country; our Decatur mortgage lenders strive to provide the best mortgage rates available in the Decatur area. Back to Alabama Mortgage
Search and Compare Mortgage Rates

The next step is hunting down the best mortgage for that Decatur 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 Decatur lenders that will compete to provide a loan at the lowest rate, matching you with nearly 10 Decatur 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 Decatur mortgage payment was $823 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 Decatur home.

Decatur Mortgage Lenders

Decatur is a major city in Alabama with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: First American Bank, Mortgageamerica Inc, First Magnus Financial Corp, Coats And Co Inc, Albany Home Loans Inc, First Mortgage Group Inc, Family Security Credit Union.Heritage Bank.New South Federal Savings Bank.Allied Home Mortgage Capital Corporation.

Decatur Mortgage & Real Estate Market

In 2006 Decatur housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Decatur was $89,200. This number is big in comparison to the median home value back in 2000 of $89,200. Decatur has a solid home ownership base with 23,950 houses and apartments and 58% of those are occupied by their owners. Despite the current market, historically Decatur has been a city where people move, buy and stay - with 51% of homeowners currently paying off a mortgage. About 16% of the city's current homeowners are carrying a second mortgage or home equity loan.

First Choice Mortgage - AL
3290 Dauphin Street, Ste 202
Mobile, AL
Phone: 888-895-4304
Ask for: Duncan Charlotte
Special Mortgage Programs
Call a Mortgage Specialist at 888-895-4304 or Apply on-line today!!


Decatur, AL Real Estate Market View
updated Friday, May 16, 2008

Housing Decatur, AL United States
Homes Owned 58.50% 64.07%
Median Home Cost $131,100 $217,200
Homes Rented 32.69% 21.45%
Home Appreciation 7.50% 9.80%

1 Year Market Value Change
1yr | 5yr | 10yr
Popular Cities and Towns

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

Decatur Mortgage Statistics

Category Value
First Mortgage Only 51%
Home Equity Loan Only 8%
Homes With No Mortgage 33%
2nd Mortgage or Home Equity 16%
Second Mortgage Only 8%

Decatur Rates & Mortgage Calculator
updated Friday, May 16, 2008

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!

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Additional Decatur Lenders
First American Bank
251 Johnston Street Se
Decatur, AL 35601
(256)-340-7000
Mortgageamerica Inc
2114a Central Parkway Sw
Decatur, AL 35603
(205)-970-3000
First Magnus Financial Corp
107 2nd Ave Ne Ste A
Decatur, AL 35601
(256)-353-7878
Coats And Co Inc
114 Moulton St E
Decatur, AL 35601
(256)-260-5700
Albany Home Loans Inc
2042 Beltline Road Sw Ste E316
Decatur, AL 35601
(256)-353-1500
First Mortgage Group Inc
118 East Moulton St, 2nd Fl
Decatur, AL 35601
(256)-350-6376
Family Security Credit Union
2204 Family Security Pl Sw
Decatur, AL 35603
(256)-340-2040
Heritage Bank
1830 Modaus Road
Decatur, AL 35603
(256)-355-4117
New South Federal Savings Bank
2691-b Sandlin Rd., Sw
Decatur, AL 35601
(205)-353-4626
Allied Home Mortgage Capital Corporation
2022 Hwy 31 South Suite C
Decatur, AL 35601
(256)-308-9722
 
Alabama Mortgage Partners

***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


Cranbrook Mortgage Corporation is a Better Business Bureau listed company with twelve years experience. Call Toll Free at 877-LOAN-993 Ext: 2286. We offer debt consolidation refinance, rate reduction loans and Government insured loans including FHA Secure. We also refinance manufactured homes with no maximum acreage limit to qualifying applicants.

Mortgage Calculators


Fixed Rate vs. Interest Only
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Simple Mortgage Calculator
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Mortgage Tools & Help


Mortgage Identity Theft
Glossary of Mortgage Terms
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Common Sense
Mortgage and Finance

Peter G. Miller - Mortgage Lenders Plus.com
Peter Miller is the author of the Common Sense Mortgage and has been featured on such media outlets as Oprah, The Today Show and CNN. His columns now appear in leading real estate media including the Real Estate Professional and RealtyTimes.com.
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