The Best Mortgage Lenders in Plantersville, AL
Compare verified mortgage lenders serving Plantersville, Alabama. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Plantersville
Featured Mortgage Lenders
MortgageSouth
MortgageSouth, LLC
MortgageSouth is a highly-rated regional mortgage lender headquartered in Alabama, with a strong presence across the state including service to Plantersville. Known for competitive rates and personalized service, they excel in both purchase and refinance loans with a focus on first-time homebuyer programs. Their long-standing reputation since 1999, coupled with extensive local market knowledge and high customer satisfaction scores, makes them a top choice for Alabama residents seeking reliable mortgage solutions.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized lender with a robust local office in Montgomery, actively serving the Plantersville area. They are praised for their efficient processing, competitive rates, and wide range of loan products, including specialized options for veterans and rural homebuyers. With over 28 years in business and thousands of positive reviews highlighting their responsive customer service and community involvement, they consistently rank among the best mortgage providers in Alabama.
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New American Funding
New American Funding
New American Funding is a top-rated national lender with a strong regional presence in Alabama, offering comprehensive mortgage services to Plantersville residents. They are renowned for their diversity in loan programs, including options for low-to-moderate income borrowers, and have a track record of fast closings and excellent customer support. Founded in 2003, they combine innovative technology with personal service, earning high marks for reliability and competitive pricing, making them a trusted choice for home financing in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Plantersville, AL
What are the current average mortgage rates for homebuyers in Plantersville, AL?
Mortgage rates in Plantersville typically align with national averages but can vary slightly based on local lenders and property types. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.25%, though rural properties might see slightly higher rates. It's best to compare offers from local lenders like First Community Bank of Central Alabama and regional credit unions for the most competitive rates.
Are there any special mortgage programs available for first-time homebuyers in Plantersville?
Yes, Alabama offers the Step Up program which is popular among Plantersville first-time buyers, providing affordable 30-year fixed rate mortgages with down payment assistance. Additionally, USDA loans are particularly relevant in Plantersville's rural areas, offering 100% financing options for eligible borrowers. Local lenders can also guide you toward Montgomery County-specific assistance programs when available.
How does Plantersville's rural location affect mortgage lending requirements?
Plantersville's rural classification can work to your advantage through USDA loans, which require no down payment for eligible properties and borrowers. However, some conventional lenders may require additional inspections for older farmhouses or rural properties common in the area. Appraisals might take slightly longer due to fewer comparable properties in this rural market.
What should I know about property taxes when getting a mortgage in Plantersville?
Plantersville homeowners benefit from Alabama's generally low property taxes, with Montgomery County averaging around 0.37% of assessed value. Your mortgage lender will typically escrow for property taxes, and it's important to note that Alabama offers homestead exemptions that can significantly reduce your tax burden. Consult with your lender about incorporating these savings into your payment calculations.
Are there local down payment assistance programs specifically for Plantersville residents?
While Plantersville itself doesn't have city-specific programs, Montgomery County offers down payment assistance that local residents can access. The Alabama Housing Finance Authority's Mortgage Credit Certificate program is also available, providing a federal tax credit to reduce your tax liability. Many local lenders partner with these programs to help buyers with limited down payment funds.
Why Choose a Mortgage Lender in Plantersville?
Local Market Knowledge
Lenders who understand Plantersville'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 Plantersville and get competitive rates on your home loan.