Mortgage Lenders and Brokers in Rainbow City, Alabama
Brian McKay
|
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.
|
✓Fact Checked
|
Loan Rates Last Updated and Verified: October 7, 2026
Rainbow City, Alabama mortgage lenders include The Exchange Bank of AlabamaThe Exchange Bank of Alabama3003 Rainbow Dr, Rainbow City, AL 35906A+5.0 ★Texas Ratio: 0.17%, Family Savings Credit UnionFamily Savings Credit Union3003 2nd St, Rainbow City, AL 35906 5979A5.0 ★Texas Ratio: 8.94%, PNC Bank N.A.PNC Bank N.A.3213 Rainbow Dr, Rainbow City, AL 35906A+5.0 ★Texas Ratio: 4.24%, Huntington National BankHuntington National BankA+5.0 ★Texas Ratio: 3.66%, Renasant BankRenasant Bank1943 E Glenn Ave, Auburn, AL 36830A+5.0 ★Texas Ratio: 4.72%, Metro BankMetro Bank35489 Ushwy 231, Ashville, AL 35953A+5.0 ★Texas Ratio: 5.61%, First Federal BankFirst Federal Bank5301 Highway 69 S, Tuscaloosa, AL 35405A+5.0 ★Texas Ratio: 2.80%, Regions BankRegions Bank55 S Colonial Dr, Alabaster, AL 35007A+5.0 ★Texas Ratio: 4.37%, Emblem Credit UnionEmblem Credit Union1008 Portwood Dr, Albertville, AL 35951 7316A+5.0 ★Texas Ratio: 4.02%, and Ameris BankAmeris Bank204 Kirkland St, Abbeville, AL 36310A+5.0 ★Texas Ratio: 1.82%. 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 Rainbow City, Alabama in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Rainbow City 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 Rainbow City, Alabama
Market share is the lender's share of all home loans closed in Rainbow City, 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 |
|---|---|---|---|---|---|---|
|
1 office in Rainbow City 3003 Rainbow Dr, Rainbow City, AL 35906 A+5.0 ★Texas Ratio: 0.17% |
Conventional | 2 | 1.3% | 100% | $475,000 | View |
|
3003 2nd St, Rainbow City, AL 35906 5979 A5.0 ★Texas Ratio: 8.94% |
Conventional, HELOC | 1 +17 HELOCs |
0.7% | 100% | $145,000 | View |
|
★ 1.7 stars, 3 reviews 1 office in Rainbow City 3213 Rainbow Dr, Rainbow City, AL 35906 A+5.0 ★Texas Ratio: 4.24% |
HELOC | 0 +1 HELOCs |
0% | 0% | View | |
|
1 office in Rainbow City A+5.0 ★Texas Ratio: 3.66% |
Conventional | 1 | 0.7% | 100% | $225,000 | View |
|
1943 E Glenn Ave, Auburn, AL 36830 A+5.0 ★Texas Ratio: 4.72% |
Conventional, FHA, USDA | 8 | 5.3% | 80% | $325,000 | View |
|
35489 Ushwy 231, Ashville, AL 35953 A+5.0 ★Texas Ratio: 5.61% |
Conventional | 6 | 4% | 85.7% | $220,000 | View |
|
5301 Highway 69 S, Tuscaloosa, AL 35405 A+5.0 ★Texas Ratio: 2.80% |
Conventional, FHA | 5 | 3.3% | 100% | $251,000 | View |
|
55 S Colonial Dr, Alabaster, AL 35007 A+5.0 ★Texas Ratio: 4.37% |
Conventional, HELOC | 4 +8 HELOCs |
2.7% | 50% | $280,000 | View |
|
1008 Portwood Dr, Albertville, AL 35951 7316 A+5.0 ★Texas Ratio: 4.02% |
Conventional, HELOC | 3 +2 HELOCs |
2% | 83.3% | $245,000 | View |
|
★ 4 stars, 1 review 204 Kirkland St, Abbeville, AL 36310 A+5.0 ★Texas Ratio: 1.82% |
Conventional, FHA, VA | 3 | 2% | 100% | $385,000 | View |
|
199 INDEPENDENT DR, RAINBOW CITY, AL 35906 A+5.0 ★Texas Ratio: 3.81% |
Conventional | 2 | 1.3% | 66.7% | $270,000 | View |
|
2320 Moores Mill Rd, Auburn, AL 36830 A5.0 ★Texas Ratio: 8.75% |
Conventional | 1 | 0.7% | 100% | $335,000 | View |
|
1100 Quintard Ave, Anniston, AL 36201 C+4.0 ★Texas Ratio: 26.59% |
Conventional | 1 | 0.7% | 100% | $265,000 | View |
|
337 Airport Rd Ste A, Auburn, AL 36830 A+5.0 ★Texas Ratio: 1.74% |
Conventional | 1 | 0.7% | 100% | $565,000 | View |
The HomeTown Bank of Alabama
18045 State Highway 160, Cleveland, AL 35049 |
Conventional | 1 | 0.7% | 50% | $345,000 | |
|
3617 Highway 280, Alexander City, AL 35010 A+5.0 ★Texas Ratio: 4.39% |
HELOC | 0 +3 HELOCs |
0% | n/a | View | |
|
1216 Wilmer Ave, Anniston, AL 36201 A5.0 ★Texas Ratio: 6.56% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Rocket Mortgage
|
Conventional, FHA, VA | 11 | 7.3% | 84.6% | $174,090 | |
Towne Mortgage Company
|
Conventional, FHA, VA, USDA | 9 | 6% | 100% | $257,222 | |
Kind Lending, LLC
|
Conventional, FHA, USDA | 8 | 5.3% | 100% | $223,750 | |
Movement Mortgage, LLC
|
Conventional, FHA, VA, USDA | 8 | 5.3% | 100% | $232,500 | |
|
A+5.0 ★Texas Ratio: 5.42% |
Conventional, FHA | 8 | 5.3% | 100% | $293,750 | View |
Pennymac Loan Services LLC
|
Conventional, FHA, VA | 7 | 4.7% | 77.8% | $230,714 | |
Guild Mortgage Company
|
Conventional, FHA, VA | 7 | 4.7% | 100% | $205,000 | |
Stockton Mortgage Corporation
|
Conventional, VA | 5 | 3.3% | 100% | $249,000 | |
New American Funding, LLC.
|
Conventional, FHA, VA | 4 | 2.7% | 100% | $182,500 | |
United Wholesale Mortgage
|
FHA | 3 | 2% | 75% | $325,000 | |
Newrez LLC
|
Conventional, VA | 3 | 2% | 100% | $115,000 | |
Mortgage Research Center
|
VA | 3 | 2% | 42.9% | $218,333 | |
|
A4.6 ★Texas Ratio: 2.08% |
Conventional | 2 | 1.3% | 100% | $295,000 | View |
Lakeview Loan Servicing, LLC
|
Conventional | 2 | 1.3% | 42.9% | $50,000 | |
CrossCountry Mortgage, LLC
|
Conventional, VA, Jumbo | 2 | 1.3% | 100% | $570,000 | |
Nationstar Mortgage
|
Conventional | 2 | 1.3% | 66.7% | $235,000 | |
Hunt Mortgage Corporation
|
Conventional, VA | 2 | 1.3% | 100% | $195,000 | |
|
A5.0 ★Texas Ratio: 8.14% |
Conventional, HELOC | 1 +1 HELOCs |
0.7% | 100% | $315,000 | |
Cadence Bank
|
Conventional | 1 | 0.7% | 100% | $365,000 | |
|
A+5.0 ★Texas Ratio: 4.11% |
FHA | 1 | 0.7% | 100% | $285,000 | View |
Freedom Mortgage Corporation
|
VA | 1 | 0.7% | 100% | $155,000 | |
Equity Prime Mortgage LLC
|
VA | 1 | 0.7% | 100% | $345,000 | |
Allied Mortgage Group, Inc
|
Conventional | 1 | 0.7% | 100% | $355,000 | |
loanDepot.com LLC
|
Conventional | 1 | 0.7% | 50% | $95,000 | |
PHH Mortgage Corporation
|
Conventional | 1 | 0.7% | 100% | $95,000 | |
Loanunited.Com, LLC
|
FHA | 1 | 0.7% | 100% | $265,000 | |
Filo Mortgage, LLC
|
FHA | 1 | 0.7% | 100% | $245,000 | |
Amerisave Mortgage Company
|
Conventional | 1 | 0.7% | 33.3% | $75,000 | |
Cmg Mortgage Inc
|
FHA | 1 | 0.7% | 100% | $245,000 | |
Union Home Mortgage Corp.
|
VA | 1 | 0.7% | 100% | $715,000 | |
|
B-3.5 ★Texas Ratio: 6.80% |
VA | 1 | 0.7% | 100% | $235,000 | View |
|
A+5.0 ★Texas Ratio: 1.10% |
VA | 1 | 0.7% | 100% | $295,000 | View |
|
A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 0.7% | 100% | $175,000 | View |
First South Farm Credit, ACA
|
Conventional, Jumbo | 1 | 0.7% | 100% | $2,515,000 | |
Acopia, LLC
|
FHA | 1 | 0.7% | 100% | $225,000 | |
The Loan Store, Inc
|
Conventional | 1 | 0.7% | 100% | $135,000 | |
Prosperity Home Mortgage, LLC
|
FHA | 1 | 0.7% | 100% | $265,000 | |
|
B+4.8 ★Texas Ratio: 16.98% |
Conventional | 1 | 0.7% | 100% | $295,000 | View |
|
A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.7% | 100% | $115,000 | View |
Nexera Holding LLC
|
Conventional | 1 | 0.7% | 100% | $555,000 | |
Spring Eq, LLC
|
Conventional | 1 | 0.7% | 50% | $35,000 | |
Southwest Funding LP
|
FHA | 1 | 0.7% | 100% | $195,000 | |
Figure Lending LLC
|
HELOC | 0 +1 HELOCs |
0% | n/a | ||
HomeBridge Financial Services, Inc
|
HELOC | 0 +1 HELOCs |
0% | n/a | ||
Honda Federal Credit Union
|
HELOC | 0 +1 HELOCs |
0% | 0% | ||
|
B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Rainbow City 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 Rainbow City, Alabama
Looking for mortgage lenders near me or mortgage brokers near me in Rainbow City? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Rainbow City in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Rainbow City, AL
Use these to narrow the list above. Each category shows how many Rainbow City, AL lenders fit and what that kind of lender is usually best for.
Who Lends in Rainbow City, AL
Independent mortgage companies closed 68.7 percent of home loans in Rainbow City, Alabama in 2025, banks 26.7 percent and credit unions 4.7 percent. Rocket Mortgage was the largest mortgage company, The Exchange Bank of Alabama the largest bank and Family Savings Credit Union the largest credit union. Among lenders headquartered in Alabama, The Exchange Bank of Alabama led with 2 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 Rainbow City, AL
By home loans closed in 2025, The Exchange Bank of Alabama was the largest mortgage lender in Rainbow City, Alabama with 2 loans, about 1.3 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
19 lenders closed FHA loans in Rainbow City, Alabama in 2025, led by First Federal Bank with 4. 17 lenders closed VA loans, led by Mortgage Research Center, 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. 20 banks and 6 credit unions closed home loans in Rainbow City, Alabama in 2025, alongside 37 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 Rainbow City, 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 Rainbow City, 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 Rainbow City. 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.
