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Your Decatur
Lender and Mortgage Resource
| 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 |
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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
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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.
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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
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Phone: 888-895-4304
Ask for: Duncan Charlotte
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| Special Mortgage Programs |
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Call a Mortgage Specialist at 888-895-4304 or Apply on-line today!!
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Decatur, AL Real Estate Market View
updated Friday, May 16, 2008
| Housing |
Decatur, AL |
United States |
| Homes Owned |
58.50% |
64.07%
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| Median Home Cost |
$131,100 |
$217,200
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| Homes Rented |
32.69% |
21.45%
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| Home Appreciation |
7.50% |
9.80%
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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 |
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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% |
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Additional Decatur Lenders
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First American Bank
251 Johnston Street Se
Decatur, AL 35601
(256)-340-7000
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Mortgageamerica Inc
2114a Central Parkway Sw
Decatur, AL 35603
(205)-970-3000
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First Magnus Financial Corp
107 2nd Ave Ne Ste A
Decatur, AL 35601
(256)-353-7878
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Coats And Co Inc
114 Moulton St E
Decatur, AL 35601
(256)-260-5700
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Albany Home Loans Inc
2042 Beltline Road Sw Ste E316
Decatur, AL 35601
(256)-353-1500
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First Mortgage Group Inc
118 East Moulton St, 2nd Fl
Decatur, AL 35601
(256)-350-6376
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Family Security Credit Union
2204 Family Security Pl Sw
Decatur, AL 35603
(256)-340-2040
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Heritage Bank
1830 Modaus Road
Decatur, AL 35603
(256)-355-4117
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New South Federal Savings Bank
2691-b Sandlin Rd., Sw
Decatur, AL 35601
(205)-353-4626
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Allied Home Mortgage Capital Corporation
2022 Hwy 31 South Suite C
Decatur, AL 35601
(256)-308-9722
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