The Best Mortgage Lenders in Jacksonville, AL
Compare verified mortgage lenders serving Jacksonville, Alabama. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Jacksonville
Featured Mortgage Lenders
Bryant Bank
Bryant Bank
Bryant Bank is a highly-rated regional bank founded in 2005, known for its strong community focus and personalized mortgage services in the Jacksonville area. With an excellent 4.5 rating from over 120 reviews, they offer competitive rates and a wide range of loan products, including FHA and VA loans, making them a top choice for homebuyers in Calhoun County. Their local branch in nearby Anniston ensures accessible, reliable service with a reputation for customer satisfaction and swift loan processing.
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ServisFirst Bank
ServisFirst Bank
ServisFirst Bank, founded in 2000, is a reputable regional lender with a strong presence in Alabama, including service to Jacksonville. Boasting a 4.4 rating from approximately 180 reviews, they are praised for their efficient mortgage processes and competitive rates. Their expertise spans various loan types, such as USDA and construction loans, backed by over two decades of experience. As a well-established bank, they provide reliable, customer-focused lending solutions with a commitment to local communities.
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Mortgage South
Mortgage South, LLC
Mortgage South is a top-rated mortgage broker founded in 1998, serving Jacksonville and surrounding areas with a 4.6 rating from nearly 100 reviews. Specializing in a comprehensive range of loan options, including FHA, VA, and refinancing, they are known for their exceptional customer service and ability to secure competitive rates. With 25 years of experience, they have built a strong reputation for reliability and personalized guidance, making them a trusted choice for homebuyers in North Alabama.
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Frequently Asked Questions
Common questions about mortgage lending in Jacksonville, AL
What are the current mortgage rates like for homes in Jacksonville, AL?
Mortgage rates in Jacksonville typically align with national averages but can be slightly lower due to the area's lower cost of living. As of recent trends, conventional 30-year fixed rates often range in the mid-6% to low-7% APR, but it's best to check with local lenders like First National Bank of Jacksonville or Regions Bank for the most current offers. Your specific rate will depend on your credit score, loan type, and down payment amount.
Are there any first-time homebuyer programs specific to Jacksonville, AL?
Yes, first-time homebuyers in Jacksonville can utilize the Step Up program through the Alabama Housing Finance Authority, which offers competitive interest rates and down payment assistance. Additionally, local lenders may have special programs for teachers, military personnel, or employees of Jacksonville State University. These programs can help with lower down payments and closing cost assistance, making homeownership more accessible.
How does Jacksonville's property tax structure affect my mortgage payments?
Jacksonville has relatively low property taxes compared to national averages, with Calhoun County rates around 0.40% of assessed value. This means your escrow payments for property taxes will be lower, reducing your overall monthly mortgage payment. For a $200,000 home, you might pay approximately $800 annually in property taxes, which is significantly less than many other areas.
What types of mortgage loans are most common for Jacksonville's housing market?
Conventional loans and FHA loans are most popular in Jacksonville, given the area's affordable housing prices typically under $300,000. VA loans are also common due to the proximity to Fort McClellan and Anniston Army Depot. USDA loans are worth considering for properties in more rural areas of Calhoun County surrounding Jacksonville, offering 100% financing options.
How long does the mortgage approval process typically take in Jacksonville?
The mortgage process in Jacksonville usually takes 30-45 days from application to closing, similar to national timelines. Working with local lenders who understand the Calhoun County market can sometimes expedite the process, as they're familiar with area appraisers and title companies. The timeline can vary based on property type, loan program, and how quickly documentation is provided.
Nearby Cities
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Why Choose a Mortgage Lender in Jacksonville?
Local Market Knowledge
Lenders who understand Jacksonville'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 Jacksonville and get competitive rates on your home loan.