Mortgage Lenders and Brokers in New Hope, 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
New Hope, Alabama mortgage lenders include Redstone Federal Credit UnionRedstone Federal Credit Union1069 N Main St, Arab, AL 35016A+5.0 ★Texas Ratio: 2.10%, Local BankLocal Bank2204 Whitesburg Drive Sw, Huntsville, AL 35801A5.0 ★Texas Ratio: 8.28%, Regions BankRegions Bank55 S Colonial Dr, Alabaster, AL 35007A+5.0 ★Texas Ratio: 4.37%, Servisfirst BankServisfirst Bank2320 Moores Mill Rd, Auburn, AL 36830A5.0 ★Texas Ratio: 8.75%, Avadian Credit UnionAvadian Credit Union475 Green Springs Hwy, Birmingham, AL 35209 4921A+5.0 ★Texas Ratio: 3.41%, Liberty BankLiberty Bank305 N Broad St, Albertville, AL 35950A+5.0 ★Texas Ratio: 1.01%, Family Security Credit UnionFamily Security Credit Union5976 US Highway 431, Albertville, AL 35950 2008A+5.0 ★Texas Ratio: 1.16%, North Alabama BankNorth Alabama Bank30010 Ardmore Ave, Ardmore, AL 35739A+5.0 ★Texas Ratio: 0.99%, First Jackson Bank, IncFirst Jackson Bank, Inc50550 Al Highway 277, Bridgeport, AL 35740A+5.0 ★Texas Ratio: 1.03%, and Southstate Bank, National AssociationSouthstate Bank, National Association1605 E University Dr, Auburn, AL 36830A+5.0 ★Texas Ratio: 2.27%. 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 New Hope, Alabama in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in New Hope 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 New Hope, Alabama
Market share is the lender's share of all home loans closed in New Hope, 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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1069 N Main St, Arab, AL 35016 A+5.0 ★Texas Ratio: 2.10% |
Conventional, FHA, VA, HELOC | 3 +6 HELOCs |
2.9% | 60% | $215,000 | View |
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2204 Whitesburg Drive Sw, Huntsville, AL 35801 A5.0 ★Texas Ratio: 8.28% |
Conventional, USDA | 3 | 2.9% | 100% | $235,000 | View |
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55 S Colonial Dr, Alabaster, AL 35007 A+5.0 ★Texas Ratio: 4.37% |
Conventional, HELOC | 2 +7 HELOCs |
1.9% | 100% | $45,000 | View |
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2320 Moores Mill Rd, Auburn, AL 36830 A5.0 ★Texas Ratio: 8.75% |
Conventional, HELOC | 1 +1 HELOCs |
1% | 100% | $255,000 | View |
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475 Green Springs Hwy, Birmingham, AL 35209 4921 A+5.0 ★Texas Ratio: 3.41% |
Conventional | 1 | 1% | 100% | $205,000 | View |
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305 N Broad St, Albertville, AL 35950 A+5.0 ★Texas Ratio: 1.01% |
Conventional | 1 | 1% | 100% | $95,000 | View |
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5976 US Highway 431, Albertville, AL 35950 2008 A+5.0 ★Texas Ratio: 1.16% |
Conventional | 1 | 1% | 50% | $205,000 | View |
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30010 Ardmore Ave, Ardmore, AL 35739 A+5.0 ★Texas Ratio: 0.99% |
Conventional | 1 | 1% | 100% | $85,000 | View |
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50550 Al Highway 277, Bridgeport, AL 35740 A+5.0 ★Texas Ratio: 1.03% |
Conventional | 1 | 1% | 100% | $505,000 | View |
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★ 5 stars, 1 review 1605 E University Dr, Auburn, AL 36830 A+5.0 ★Texas Ratio: 2.27% |
Conventional, Jumbo | 1 | 1% | 50% | $1,205,000 | View |
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1001 N Brindlee Mountain Pkwy, Arab, AL 35016 A5.0 ★Texas Ratio: 6.16% |
Conventional | 1 | 1% | 100% | $55,000 | View |
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3617 Highway 280, Alexander City, AL 35010 A+5.0 ★Texas Ratio: 4.39% |
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 | |
Canopy Mortgage, LLC
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Conventional, FHA, VA | 13 | 12.6% | 100% | $346,538 | |
Rocket Mortgage
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Conventional, VA | 8 | 7.8% | 80% | $191,250 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 7 | 6.8% | 87.5% | $240,714 | |
DHI Mortgage Company, LTD.
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FHA, VA, USDA | 7 | 6.8% | 100% | $257,857 | |
Stockton Mortgage Corporation
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Conventional, FHA, VA, USDA | 6 | 5.8% | 100% | $273,333 | |
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A5.0 ★Texas Ratio: 8.14% |
Conventional, VA | 4 | 3.9% | 100% | $340,000 | |
Princeton Mortgage Corporation
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Conventional, FHA | 3 | 2.9% | 100% | $131,666 | |
American Financial Network, Inc.
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Conventional, FHA | 3 | 2.9% | 100% | $145,000 | |
Synovus Bank
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Conventional | 3 | 2.9% | 100% | $281,666 | |
21St Mortgage
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Conventional | 3 | 2.9% | 100% | $121,666 | |
TowneBank
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VA | 2 | 1.9% | 100% | $225,000 | |
New American Funding, LLC.
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Conventional, VA | 2 | 1.9% | 100% | $225,000 | |
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A+5.0 ★Texas Ratio: 4.07% |
Conventional | 2 | 1.9% | 100% | $85,000 | View |
Fairway Independent Mort Corp
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Conventional | 2 | 1.9% | 100% | $665,000 | |
American Financial Resources LLC
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FHA | 1 | 1% | 100% | $195,000 | |
Goodleap, LLC
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VA | 1 | 1% | 100% | $485,000 | |
Freedom Mortgage Corporation
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VA | 1 | 1% | 100% | $325,000 | |
CrossCountry Mortgage, LLC
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VA | 1 | 1% | 100% | $135,000 | |
Norwich Commercial Group Inc
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VA | 1 | 1% | 100% | $355,000 | |
AmeriHome Mortgage Company, LLC
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Conventional | 1 | 1% | 100% | $215,000 | |
Movement Mortgage, LLC
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Conventional | 1 | 1% | 100% | $155,000 | |
Pennymac Loan Services LLC
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Conventional | 1 | 1% | 100% | $35,000 | |
Deephaven Mortgage LLC
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Conventional | 1 | 1% | 100% | $205,000 | |
AdvantageFirst Lending Inc
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FHA | 1 | 1% | 50% | $285,000 | |
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A+5.0 ★Texas Ratio: 4.14% |
FHA | 1 | 1% | 50% | $175,000 | View |
Union Home Mortgage Corp.
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FHA | 1 | 1% | 100% | $405,000 | |
Atlantic Bay Mortgage Group
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Conventional | 1 | 1% | 100% | $195,000 | |
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A+5.0 ★Texas Ratio: 2.15% |
USDA | 1 | 1% | 100% | $285,000 | View |
Nationstar Mortgage
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Conventional | 1 | 1% | 50% | $45,000 | |
Mortgage Research Center
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VA | 1 | 1% | 100% | $285,000 | |
Victorian Finance, LLC
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Conventional | 1 | 1% | 100% | $255,000 | |
Iserve Residential Lending
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FHA | 1 | 1% | 100% | $365,000 | |
Mutual of Omaha Mortgage
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FHA | 1 | 1% | 100% | $205,000 | |
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A+5.0 ★Texas Ratio: 2.14% |
VA | 1 | 1% | 100% | $345,000 | View |
Gmfs, LLC
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FHA | 1 | 1% | 100% | $215,000 | |
Spring Eq, LLC
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Conventional | 1 | 1% | 50% | $55,000 | |
Cadence Bank
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HELOC | 0 +5 HELOCs |
0% | n/a |
New Hope 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 New Hope, Alabama
Looking for mortgage lenders near me or mortgage brokers near me in New Hope? The list below shows the banks, credit unions and mortgage brokers that closed home loans in New Hope in 2025, with lenders based there listed first.
Types of Mortgage Lenders in New Hope, AL
Use these to narrow the list above. Each category shows how many New Hope, AL lenders fit and what that kind of lender is usually best for.
Who Lends in New Hope, AL
Independent mortgage companies closed 71.8 percent of home loans in New Hope, Alabama in 2025, banks 17.5 percent and credit unions 10.7 percent. Canopy Mortgage, LLC was the largest mortgage company, Local Bank the largest bank and Redstone Federal Credit Union the largest credit union. Among lenders headquartered in Alabama, Redstone Federal Credit Union led with 3 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 New Hope, AL
By home loans closed in 2025, Redstone Federal Credit Union was the largest mortgage lender in New Hope, Alabama with 3 loans, about 2.9 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
14 lenders closed FHA loans in New Hope, Alabama in 2025, led by Canopy Mortgage, LLC with 6. 15 lenders closed VA loans, led by Rocket Mortgage, and 4 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. 15 banks and 5 credit unions closed home loans in New Hope, Alabama in 2025, alongside 30 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 New Hope, 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 New Hope, 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 New Hope. 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.
