If your not sure what kind of Alabama home equity loan you are looking for, but you would like to learn more about Alabama home equity mortgage lenders, then explore our Credit Unions,Banks, Mortgage Brokers, or Savings and Loans pages.
Some quick facts on Alabama owner occupied homes with a mortgage1:
The median Alabama home price is 102,691.
80.3% of Alabama home owners have only a single mortgage.
Only 0.6% of Alabama home owners have both a second mortgage and a home equity loan.
While the median income for all of Alabama is $36,709, the median income for Alabama owner occupied homes with a mortgage is $55,719.
The median Alabama monthly housing cost is $872.
Median Alabama real estate taxes are $346.
While the national average Expedian Credit score is 678, the average for Alabama is 671.
Non-business bankruptcies in Alabama have gone from 38,421 in 2000 to 41,647 in 2004.
The state regulator for Alabama mortgages is Maria B. Campbell
STATE OF ALABAMA
State Banking Department
401 Adams Avenue, Suite 680
Montgomery, Alabama 36130-1201
The Alabama State Banking Department regulates certain mortgage lenders. Approximately 1050 mortgage lenders are licensed in the State of Alabama. Alabama’s Licensee list (which includes all businesses, not exclusively mortgage companies) is available for approximately $25.00 from James Whitehead, at (334) 242-3452. Alabama’s licensing statute for mortgage lenders was originally enacted in 1971. 2
Alabama Counties:
Autauga County, Baldwin County, Barbour County, Bibb County, Blount
County, Bullock County, Butler County, Calhoun County, Chambers
County, Cherokee County, Chilton County, Choctaw County, Clarke
County, Clay County, Cleburne County, Coffee County, Colbert County, Conecuh
County, Coosa County, Covington County, Crenshaw County, Cullman
County, Dale County, Dallas County,Decatur County,DeKalb County, Elmore County,
Escambia County, Etowah County, Fayette County, Franklin County,
Geneva County, Greene County, Hale County, Henry County, Houston
County, Jackson County, Jefferson County, Lamar County, Lauderdale
County, Lawrence County, Lee County, Limestone County, Lowndes County,
Macon County, Madison County, Marengo County, Marion County, Marshall
County, Mobile County, Monroe County, Montogmery County, Morgan
County, Perry County, Pickens County, Pike County, Randolph County,
Russel County, St. Clair County, Shelby County, Sumter County, Talladega
County, Tallapoosa County, Tuscaloosa County, Walker County, Washington
County, Wilcox County, Winston County.
Source: US Census Bureau 2004 American Community Survey
Source: Coalition for Mortgage reform (www.mortgagereform.org)
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