The city of Birmingham is an important industrial center in the US and hence many people relocate to this place in search of a better job which is the main reason why the real estate sector is burgeoning in the state. Since real estate in America depends a lot on mortgage loans, hence, mortgage companies are gradually gaining importance in the country. The mortgage industry together with the banking sector is gaining more and more importance in Birmingham.
According to a census taken, there are around 242820 residential units in Birmingham among whom property is owned by about some 112229 residential units. The median value of a residential property in Birmingham is around $62100. Families in the city with an average annual income of $31851 can avail mortgage to buy property in Birmingham. In Birmingham among the owner held property a total of 32435 units are mortgaged and an estimated 17041 do not have a loan. The median mortgage rate in Birmingham is about $730 per month. A detailed statistics of mortgage rates with total households in each category is given below:
- 632 units are priced at $300 or less
- 4840 units are priced at $300 - $499
- 9321 of the units are priced at $500 - $699
- 10919 of the units are priced at $700 - $999
- 5178 units are priced at $1000 - $1499
- 995 units are priced at $1500 - $1999
- 995 household units are priced above $2000
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Some of the trusted mortgage companies in Birmingham are:
- American general financial Services : (205) 942 2932, 430 Green Springs Hwy, Birmingham AL 35209
- American Home Mortgage : (205) 979 3011, 1929 Hoover Ct, Birmingham 35226
- Americapital Funding Corporation : (205) 278-5200, 3601 Lornaridge Dr, Birmingham AL 35216
- America's First Federal Credit Union : (205) 320-4163, 1200 4th Ave N
Birmingham, AL 35203
- Ameriquest Mortgage Company : (205) 982-6707, 100 Concourse Pkwy
Birmingham, AL 35244
Some of the other well-known names in the mortgage industry in Birmingham are:
- AM Robbins Mortgage Inc.
- Absolute mortgage
- Accent Mortgage Corporation
- Admiral Funding Llc
- Advisor Mortgage Group of Alabama Llc
- Ala Nlc
- Alabama Central Credit Union
- Alabama Home Mortgage Lending
- Aliant Bank
- Aliant Mortgage Corporation
- Alumni mortgage Company:
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