Mortgage Lenders and Brokers in Cherokee, Alabama
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Cherokee, Alabama mortgage lenders include Bank IndependentBank Independent8260 Highway 72, Cherokee, AL 35616A+5.0 ★Texas Ratio: 1.45%, Listerhill Credit UnionListerhill Credit Union22223 US 72, Athens, AL 35613A+5.0 ★Texas Ratio: 3.96%, Trustmark BankTrustmark Bank111 E Market St, Athens, AL 35611A+5.0 ★Texas Ratio: 2.40%, First Southern BankFirst Southern Bank1720 Us Highway 431, Boaz, AL 35957F1.0 ★Texas Ratio: 85.21%, Valley Credit UnionValley Credit Union180 MAIN ST, CHEROKEE, AL 35616A5.0 ★Texas Ratio: 8.00%, First Metro BankFirst Metro Bank309 W Washington St, Athens, AL 35611A+5.0 ★Texas Ratio: 1.01%, TVA Community Credit UnionTVA Community Credit Union10835 Shaw Rd # BFT 2C, Athens, AL 35611A+5.0 ★Texas Ratio: 0.70%, CB&S BankCB&S Bank1045 1st St, Cherokee, AL 35616C3.6 ★Texas Ratio: 21.51%, Pinnacle BankPinnacle Bank112 N Jefferson St, Athens, AL 35611A+5.0 ★Texas Ratio: 3.04%, and Southern Energy Credit UnionSouthern Energy Credit Union925 Quintard Ave, Anniston, AL 36201A+5.0 ★Texas Ratio: 0.41%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Cherokee, Alabama in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Cherokee are listed first, then lenders elsewhere in Alabama, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Cherokee, Alabama
Market share is the lender's share of all home loans closed in Cherokee, Alabama. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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8260 Highway 72, Cherokee, AL 35616 A+5.0 ★Texas Ratio: 1.45% |
Conventional, FHA | 7 | 11.3% | 70% | $133,571 | View |
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22223 US 72, Athens, AL 35613 A+5.0 ★Texas Ratio: 3.96% |
Conventional, HELOC | 6 +1 HELOCs |
9.7% | 100% | $143,333 | View |
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111 E Market St, Athens, AL 35611 A+5.0 ★Texas Ratio: 2.40% |
Conventional, FHA | 4 | 6.5% | 83.3% | $140,000 | View |
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1720 Us Highway 431, Boaz, AL 35957 F1.0 ★Texas Ratio: 85.21% |
Conventional | 3 | 4.8% | 100% | $188,333 | View |
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180 MAIN ST, CHEROKEE, AL 35616 A5.0 ★Texas Ratio: 8.00% |
Conventional | 2 | 3.2% | 100% | $75,000 | View |
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309 W Washington St, Athens, AL 35611 A+5.0 ★Texas Ratio: 1.01% |
Conventional, Jumbo | 2 | 3.2% | 100% | $550,000 | View |
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10835 Shaw Rd # BFT 2C, Athens, AL 35611 A+5.0 ★Texas Ratio: 0.70% |
Conventional, HELOC | 1 +2 HELOCs |
1.6% | 100% | $45,000 | View |
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1045 1st St, Cherokee, AL 35616 C3.6 ★Texas Ratio: 21.51% |
Conventional | 1 | 1.6% | 100% | $145,000 | View |
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112 N Jefferson St, Athens, AL 35611 A+5.0 ★Texas Ratio: 3.04% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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925 Quintard Ave, Anniston, AL 36201 A+5.0 ★Texas Ratio: 0.41% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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★ 1.7 stars, 3 reviews 10745 Highway 119, Alabaster, AL 35007 A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Cis Financial Services, Inc.
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Conventional | 1 | 1.6% | 100% | $75,000 | |
Assurance Financial Group, L.L.C.
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Conventional, FHA, USDA | 8 | 12.9% | 100% | $120,000 | |
Rocket Mortgage
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Conventional | 3 | 4.8% | 50% | $208,333 | |
Pennymac Loan Services LLC
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FHA, VA | 3 | 4.8% | 100% | $325,000 | |
Mortgage Research Center
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VA | 3 | 4.8% | 100% | $275,000 | |
New Day Financial, LLC.
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VA | 2 | 3.2% | 100% | $270,000 | |
Gmfs, LLC
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Conventional, FHA | 2 | 3.2% | 100% | $125,000 | |
21St Mortgage
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Conventional | 2 | 3.2% | 66.7% | $75,000 | |
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A-5.0 ★Texas Ratio: 14.15% |
FHA | 1 | 1.6% | 50% | $145,000 | View |
United Wholesale Mortgage
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Conventional | 1 | 1.6% | 100% | $215,000 | |
Guaranteed Rate, Inc.
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Conventional | 1 | 1.6% | 100% | $395,000 | |
Newrez LLC
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VA | 1 | 1.6% | 33.3% | $295,000 | |
CrossCountry Mortgage, LLC
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FHA | 1 | 1.6% | 100% | $135,000 | |
TruHome Solutions, LLC
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Conventional | 1 | 1.6% | 100% | $65,000 | |
Honda Federal Credit Union
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Conventional | 1 | 1.6% | 100% | $65,000 | |
Planet Home Lending, LLC
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FHA | 1 | 1.6% | 50% | $325,000 | |
The Bank of Fayette County
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Conventional | 1 | 1.6% | 100% | $755,000 | |
Stockton Mortgage Corporation
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Conventional | 1 | 1.6% | 100% | $85,000 | |
Mission Loans, LLC
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Conventional | 1 | 1.6% | 100% | $75,000 | |
Spring Eq, LLC
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Conventional | 1 | 1.6% | 100% | $115,000 | |
Goodleap, LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Lendage, LLC dba Achieve Loans
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HELOC | 0 +1 HELOCs |
0% | n/a |
Cherokee Mortgage Rate Trends
Daily average mortgage rates for Alabama compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Cherokee, Alabama
Looking for mortgage lenders near me or mortgage brokers near me in Cherokee? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Cherokee in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Cherokee, AL
Use these to narrow the list above. Each category shows how many Cherokee, AL lenders fit and what that kind of lender is usually best for.
Who Lends in Cherokee, AL
Independent mortgage companies closed 53.2 percent of home loans in Cherokee, Alabama in 2025, banks 30.6 percent and credit unions 16.1 percent. Cis Financial Services, Inc. was the largest mortgage company, Bank Independent the largest bank and Listerhill Credit Union the largest credit union. Among lenders headquartered in Alabama, Bank Independent led with 7 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Attorneys customarily handle closings in Alabama. Deed recordation tax of $0.50 per $500 of value (0.10 percent) plus a mortgage recordation tax of $0.15 per $100 of debt (0.15 percent), Ala. Code 40-22-1 and 40-22-2.
More Alabama Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Cherokee, AL
By home loans closed in 2025, Bank Independent was the largest mortgage lender in Cherokee, Alabama with 7 loans, about 11.3 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
8 lenders closed FHA loans in Cherokee, Alabama in 2025, led by Assurance Financial Group, L.L.C. with 3. 4 lenders closed VA loans, led by Mortgage Research Center, and 1 closed USDA rural loans. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 9 banks and 5 credit unions closed home loans in Cherokee, Alabama in 2025, alongside 19 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Cherokee, Alabama during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Cherokee, Alabama for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Cherokee. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
