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MortgageLenderNearMe
Beaverton, AL

The Best Mortgage Lenders in Beaverton, AL

Compare verified mortgage lenders serving Beaverton, Alabama. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
277+
Reviews
10
Loan Types

Available Loan Programs in Beaverton

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer
Construction
Rural Development
Construction-to-Permanent

Featured Mortgage Lenders

1

Mortgage Department

Family Security Credit Union

★★★★☆
4.8/5

Family Security Credit Union stands out as one of northwest Alabama's most trusted mortgage lenders with deep roots in the community. While based in Hamilton, they serve the entire northwest Alabama region including Beaverton. They offer highly competitive rates for members and non-members alike, with exceptional customer service ratings. Their mortgage team has extensive experience with rural property loans and USDA loans, which are particularly relevant for the Beaverton area. The credit union is known for personalized service and local decision-making, with loan officers who understand the specific needs of Marion County residents.

Experience:15 years
Reviews:89 customer reviews
201 2nd Ave NW, Hamilton, AL 35570

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Mortgage Lending Division

Legacy Community Federal Credit Union

★★★★☆
4.7/5

Legacy Community Federal Credit Union has built an outstanding reputation for mortgage lending across Blount and surrounding counties, including service to Beaverton residents. They excel at first-time homebuyer programs and offer competitive construction loans, which is valuable in rural areas like Beaverton. Their mortgage team provides personalized guidance through the entire process, with local underwriting that understands the unique aspects of rural property financing. Members consistently praise their transparency, responsiveness, and ability to close loans efficiently.

Experience:12 years
Reviews:76 customer reviews
1201 2nd Ave N, Oneonta, AL 35121

Loan Types:

ConventionalFHAVAFirst-time HomebuyerConstructionRefinance
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3

Mortgage Services

Peoples Bank of Alabama

★★★★☆
4.6/5

Peoples Bank of Alabama has established itself as a premier mortgage lender for rural communities throughout north Alabama, with specific expertise in serving areas like Beaverton. They offer specialized rural development loans and construction-to-permanent financing that are ideal for the Beaverton market. Their experienced loan officers have deep knowledge of local property values and rural lending requirements. The bank is consistently rated highly for customer satisfaction, with particular praise for their communication throughout the loan process and ability to handle complex rural property transactions.

Experience:20 years
Reviews:112 customer reviews
1802 2nd Ave SW, Cullman, AL 35055

Loan Types:

ConventionalFHAVARural DevelopmentConstruction-to-PermanentRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Beaverton, AL

What are the current average mortgage rates in Beaverton, AL, and how do they compare to state averages?

Mortgage rates in Beaverton typically align closely with Alabama state averages, which are often slightly below national rates due to the lower cost of living. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7%, but it's best to check with local lenders like First National Bank of Jasper or Community Credit Union for real-time quotes. Rural locations like Beaverton may see minor rate variations based on property type and local market inventory.

Are there any first-time homebuyer programs specifically available for Beaverton residents?

Yes, Beaverton homebuyers can access Alabama's Step Up program, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development loan program is particularly relevant for Beaverton due to its rural designation, offering 100% financing with no down payment required. Local lenders often have experience with these programs and can guide you through the application process specific to Marion County.

How does Beaverton's rural location affect the mortgage approval process?

Beaverton's rural classification can impact mortgage lending through stricter appraisal requirements, as comparable properties may be limited in the area. Lenders may require additional documentation to verify property value and may take longer to process loans due to fewer local appraisers. However, USDA loans are specifically designed for rural areas like Beaverton and often provide more flexible underwriting standards for qualified buyers.

What types of properties are most common in Beaverton's mortgage market?

Beaverton's mortgage market primarily consists of single-family homes on larger lots, manufactured homes, and some agricultural properties with land. Traditional mortgages work well for site-built homes, while manufactured homes may require specialized loans with different terms. Many properties in the area include acreage, which may require additional appraisal considerations and potentially affect loan-to-value ratios.

Are there local property tax considerations that affect mortgage payments in Beaverton?

Marion County, where Beaverton is located, has relatively low property tax rates compared to national averages, which helps keep overall mortgage payments affordable. Current rates are approximately 0.37% of assessed value, though exact amounts vary by property classification. Your mortgage lender will include these taxes in your monthly escrow payment calculation, and first-time homeowners may qualify for homestead exemptions that further reduce tax burdens.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Beaverton, AL

Searching for "home loan companies near me" in Beaverton, Alabama, is about more than just finding a convenient office location. It's about connecting with financial partners who understand the unique rhythm of our local market and can guide you through a homebuying journey that’s quite different from the big-city experience. Beaverton offers a serene, small-town lifestyle with access to the natural beauty of the Bankhead National Forest and the Tennessee River. This setting creates a specific real estate dynamic, and your choice of lender should reflect that.

First, recognize that "near me" in our area often means lenders based in larger regional hubs like Hamilton, Double Springs, or even Jasper, who regularly serve Lamar and surrounding counties. While a physical branch nearby is convenient for dropping off paperwork, the quality of the guidance matters most. Many local buyers find tremendous value in working with community banks or credit unions, such as Community Bank & Trust of Alabama or Family Security Credit Union. These institutions have deep roots here. Their loan officers often have firsthand knowledge of property values in Beaverton's diverse offerings—from riverfront properties to more rural acreage and modest in-town homes. They understand well and septic systems, which are common here, and can ensure your appraisal and loan process accounts for them properly.

Alabama also offers several statewide programs that a knowledgeable local lender can help you unlock. The Alabama Housing Finance Authority (AHFA) provides fantastic options for first-time homebuyers, including competitive mortgage rates and down payment assistance. An AHFA-approved lender familiar with Beaverton can be a goldmine. They’ll know if you qualify for the "Step Up" program or other assistance designed to make homeownership more accessible, which is especially valuable in our market.

Your actionable plan should start with a mix of research and conversation. Don't just search online; ask for recommendations from your real estate agent, friends, or family who have recently purchased locally. Compile a shortlist of three lenders: perhaps a local community bank, a regional credit union, and a mortgage broker with access to multiple loan products. When you speak with them, go beyond just asking for rates. Ask pointed questions: "How many loans have you closed in Lamar County in the last year?" "Can you explain how a USDA Rural Development loan might work for a property just outside Beaverton city limits?" "What are the specific steps for well and septic certification in our area?"

Ultimately, the best "home loan company near you" for your Beaverton purchase will be the one that demonstrates genuine local expertise, clear communication, and a product that fits your financial picture. By choosing a partner who knows our landscape, you’re not just getting a mortgage—you’re gaining an advisor who will help you secure your piece of Alabama peace and quiet with confidence.

Nearby Cities

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Why Choose a Mortgage Lender in Beaverton?

Local Market Knowledge

Lenders who understand Beaverton's housing market can offer better guidance and competitive rates.

Multiple Loan Options

Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.

Proven Track Record

Work with lenders who have years of experience and hundreds of satisfied customers in Alabama.

Ready to Find Your Perfect Mortgage Lender?

Connect with top-rated mortgage professionals in Beaverton and get competitive rates on your home loan.