The Best Mortgage Lenders in Headland, AL
Compare verified mortgage lenders serving Headland, Alabama. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Headland
Featured Mortgage Lenders
First National Bank & Trust
First National Bank & Trust Company
First National Bank & Trust is a highly-regarded regional bank with deep roots in Southeast Alabama, serving Headland and surrounding communities for nearly 90 years. They maintain exceptional 4.8-star ratings across multiple review platforms with customers consistently praising their personalized service, local decision-making, and competitive mortgage rates. As a community-focused institution, they offer the full spectrum of loan products with the advantage of working directly with local loan officers who understand the Headland area real estate market. Their long-standing presence and commitment to customer satisfaction make them a top choice for Headland residents seeking reliable mortgage services.
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Army Aviation Center Federal Credit Union
Army Aviation Center Federal Credit Union
AACFCU is one of Southeast Alabama's premier credit unions with multiple branches serving the Headland area. With outstanding 4.7-star ratings and nearly 200 reviews, members consistently highlight their competitive rates, exceptional member service, and streamlined mortgage process. They specialize in VA loans but offer comprehensive mortgage solutions for all borrowers, including first-time homebuyer programs and various refinancing options. Their not-for-profit structure allows them to offer favorable terms and lower fees, while their experienced mortgage team provides personalized guidance throughout the home financing process for Headland homebuyers.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Dothan Branch
Fairway Independent Mortgage Corporation's Dothan branch serves the Headland market with exceptional 4.9-star ratings and over 200 positive reviews. This nationally recognized mortgage lender combines the resources of a large institution with local expertise, offering highly competitive rates and innovative loan products. Their experienced loan officers are praised for their responsiveness, attention to detail, and ability to close loans efficiently. With strong relationships across the Headland real estate community and advanced technology that streamlines the application process, they provide Headland homebuyers with a superior mortgage experience backed by nearly three decades of industry excellence.
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Frequently Asked Questions
Common questions about mortgage lending in Headland, AL
What are the current average mortgage rates for homebuyers in Headland, AL?
Mortgage rates in Headland typically align with national averages but can vary slightly based on local lender competition. As of recent data, 30-year fixed rates generally range between 6.5-7%, while 15-year fixed rates are around 6-6.5%. It's best to check with local Headland lenders like First National Bank of Headland or First Federal Bank for the most current rates and any special promotions.
Are there any first-time homebuyer programs specifically available in Headland?
Yes, Headland residents 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 Headland homebuyers since Henry County qualifies for 100% financing with no down payment required, making homeownership more accessible in this rural community.
How does Headland's rural location affect mortgage lending options?
Headland's designation as a rural community opens up valuable USDA loan opportunities that aren't available in urban areas. Many properties in and around Headland qualify for USDA loans, which offer 100% financing with more flexible credit requirements. Local lenders are well-versed in these rural lending programs and can help navigate the specific property eligibility requirements.
What should I know about property taxes when getting a mortgage in Headland?
Henry County property taxes are relatively low compared to national averages, currently around 0.37% of assessed value. This means your monthly mortgage payment (including escrow for taxes) will be more affordable than in many other locations. When applying for a mortgage in Headland, lenders will factor in these lower tax rates, which can help you qualify for a slightly higher loan amount.
Are there local down payment assistance programs for Headland homebuyers?
Yes, through the Alabama Housing Finance Authority, Headland buyers can access the Mortgage Credit Certificate program, which provides a federal tax credit. Local lenders may also offer special programs for teachers, healthcare workers, or other essential service employees in the Headland area. Some Henry County employers also provide housing assistance benefits worth exploring with your HR department.
Why Choose a Mortgage Lender in Headland?
Local Market Knowledge
Lenders who understand Headland'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 Headland and get competitive rates on your home loan.