The Best Mortgage Lenders in Fulton, AL
Compare verified mortgage lenders serving Fulton, Alabama. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fulton
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for its exceptional customer service and competitive rates, serving Fulton and throughout Alabama. With over 27 years of experience, they specialize in a wide range of loan products and have a strong local presence with dedicated loan officers in the region. Their high ratings stem from personalized service, fast processing times, and a commitment to community involvement, making them a trusted choice for homebuyers in rural and urban areas alike.
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Supreme Lending
Supreme Lending
Supreme Lending is a highly reputable mortgage company with a strong track record in Alabama, including service to Fulton. Founded in 1999, they offer a comprehensive suite of loan options and are praised for their transparent processes and competitive rates. Their team of experienced professionals provides tailored solutions, and they have consistently high customer satisfaction ratings due to efficient closings and responsive support, making them a reliable option for home financing in the area.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a significant presence in Alabama, serving Fulton and surrounding communities. Since 2008, they have built a reputation for fast, reliable service and community-focused lending. They excel in providing a streamlined digital mortgage experience while maintaining personal touchpoints, and their commitment to local charities and events enhances their credibility. With competitive rates and a variety of loan programs, they are a top choice for borrowers seeking efficiency and support.
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Frequently Asked Questions
Common questions about mortgage lending in Fulton, AL
What are current mortgage rates like in Fulton, AL compared to state and national averages?
Mortgage rates in Fulton typically align closely with Alabama state averages, which often run slightly below national rates due to lower cost of living. As of recent data, Fulton borrowers can expect conventional 30-year fixed rates around 0.25% below the national average. Local lenders familiar with the Fulton market can often provide competitive pricing due to their understanding of the area's property values and risk factors.
Are there any first-time homebuyer programs specifically available in Fulton, AL?
Yes, Fulton homebuyers can access the Alabama Housing Finance Authority's Step Up program, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development loan program is particularly relevant for Fulton given its rural designation, offering 100% financing with no down payment required for eligible borrowers purchasing in this area.
How does Fulton's rural location affect mortgage lending requirements?
Fulton's rural classification actually provides advantages for mortgage seekers. Many properties qualify for USDA loans, which have more flexible credit requirements and require no down payment. Local lenders are also typically more familiar with appraising rural properties and understanding well and septic systems, which are common in the Fulton area and can affect lending considerations.
What should I know about property taxes when getting a mortgage in Fulton?
Fulton and Clarke County have relatively low property tax rates compared to urban areas in Alabama, typically around 0.37% of assessed value. When calculating your mortgage payment, lenders will include these modest property taxes in your escrow account. The lower tax burden makes homeownership more affordable in Fulton compared to many other locations in the state.
Are there local down payment assistance programs available for Fulton homebuyers?
While Fulton itself doesn't offer city-specific programs, Clarke County provides down payment assistance through the Community Development Block Grant program for income-qualified buyers. Additionally, the Alabama Housing Finance Authority's Mortgage Credit Certificate program allows Fulton homeowners to claim a federal tax credit for a portion of their mortgage interest paid each year, effectively reducing their overall housing costs.
Why Choose a Mortgage Lender in Fulton?
Local Market Knowledge
Lenders who understand Fulton'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 Fulton and get competitive rates on your home loan.