Mortgage lender closing cost rankings in Alabama (2024)
In Alabama, homebuyers paid a median of $6,033 in total closing costs on purchase mortgages in 2024, which is below the national median of $6,741. The median interest rate was 6.50% across 46,895 purchase originations. The most active lender was UNITED WHOLESALE MORTGAGE, LLC with 2,499 originations. The lowest-cost lender (with 50+ loans) was MORTGAGE SOLUTIONS OF COLORADO, LLC at $0.
Median Total Costs
$6,033
−10.5% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$2,170
Purchase Originations
46,895
By loan type
| Loan type | Volume | Median Rate | Median Total Costs |
|---|---|---|---|
| conventional | 23,154 | 6.625% | $4,428 |
| fha | 13,842 | 6.250% | $8,705 |
| va | 8,113 | 6.250% | $5,547 |
| usda | 1,786 | 6.250% | $6,098 |
Lowest closing cost lenders in Alabama
Ranked by median total loan costs among lenders with 50+ purchase originations in Alabama.
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $0 | 7.750% | $0 | 93 | −$6,033 | |
| 2 | $870 | 5.990% | $0 | 280 | −$5,163 | |
| 3 | $2,479 | 8.890% | $2,431 | 141 | −$3,554 | |
| 4 | $3,052 | 6.125% | $250 | 81 | −$2,981 | |
| 5 | $3,063 | 7.160% | $1,014 | 61 | −$2,970 | |
| 6 | $3,106 | 6.125% | $0 | 565 | −$2,927 | |
| 7 | $3,134 | 6.250% | $815 | 55 | −$2,899 | |
| 8 | $3,199 | 6.500% | $899 | 445 | −$2,834 | |
| 9 | $3,230 | 6.500% | $901 | 96 | −$2,803 | |
| 10 | $3,311 | 6.750% | $1,075 | 142 | −$2,722 | |
| 11 | $3,480 | 6.500% | $995 | 130 | −$2,553 | |
| 12 | $3,527 | 6.500% | $1,424 | 67 | −$2,506 | |
| 13 | $3,560 | 6.500% | $1,471 | 134 | −$2,473 | |
| 14 | $3,596 | 6.625% | $0 | 1,785 | −$2,437 | |
| 15 | $3,612 | 8.200% | $1,868 | 103 | −$2,421 | |
| 16 | $3,627 | 6.500% | $1,075 | 218 | −$2,406 | |
| 17 | $3,799 | 4.750% | $0 | 639 | −$2,234 | |
| 18 | $3,990 | 6.875% | $833 | 154 | −$2,043 | |
| 19 | $3,998 | 6.375% | $1,750 | 298 | −$2,035 | |
| 20 | $4,035 | 6.500% | $1,182 | 181 | −$1,998 | |
| 21 | $4,050 | 6.500% | $1,727 | 178 | −$1,983 | |
| 22 | $4,075 | 6.600% | $1,646 | 178 | −$1,958 | |
| 23 | $4,309 | 6.500% | $854 | 654 | −$1,724 | |
| 24 | $4,375 | 8.550% | $3,021 | 159 | −$1,658 | |
| 25 | $4,377 | 6.625% | $1,451 | 677 | −$1,656 |
Includes lenders with 50+ purchase originations in Alabama. Source: HMDA 2024. Sorted by median total loan costs.
Rankings by county
Jefferson County
5,775 originations
Madison County
5,600 originations
Baldwin County
3,632 originations
Mobile County
3,492 originations
Shelby County
3,001 originations
Limestone County
2,095 originations
Lee County
2,006 originations
Tuscaloosa County
1,859 originations
Montgomery County
1,807 originations
St. Clair County
1,245 originations
Morgan County
1,124 originations
Houston County
945 originations
Elmore County
924 originations
Calhoun County
901 originations
Lauderdale County
825 originations
Cullman County
816 originations
Etowah County
803 originations
Marshall County
802 originations
Autauga County
697 originations
Talladega County
651 originations
Coffee County
601 originations
Russell County
597 originations
Colbert County
545 originations
Blount County
420 originations
Walker County
402 originations
Dale County
397 originations
DeKalb County
370 originations
Chilton County
362 originations
Jackson County
338 originations
Tallapoosa County
297 originations
Lawrence County
269 originations
Pike County
232 originations
Chambers County
228 originations
Escambia County
198 originations
Covington County
176 originations
Cherokee County
167 originations
Geneva County
160 originations
Franklin County
151 originations
Randolph County
144 originations
Marion County
142 originations
Winston County
124 originations
Bibb County
120 originations
Henry County
118 originations
Clarke County
116 originations
Cleburne County
113 originations
Dallas County
110 originations
See Alabama closing cost details, fee benchmarks, and county comparisons → Alabama Closing Costs Guide
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.