Population
9,261,699
Average Household Income
$124,626
Bill
New Construction Sales Manager
Danvers, MA
Licensed in FL, AL & CO
NMLS #2088252
Trusted Mortgage Lender in Alabama
Customized home loans tailored for Alabama buyers, with local service and national strength.
Born in New England, Built to Serve Alabama
Are you searching for a dedicated team of professional mortgage lenders who genuinely care about their customers and are committed to providing a seamless, worry-free experience? Look no further than NewFed Mortgage Corp.! As a trusted mortgage lender in Alabama, we believe in the success of our customers and aim to secure a mortgage that works in your favor. That’s why we prioritize addressing your every need as we guide you through the home buying or refinancing process.
Our motto is “mortgages for every stage of your life,” so whether you’re in Birmingham, Huntsville, or any part of the Heart of Dixie, our experts at NewFed Mortgage Corp. are here to assist you. We’re dedicated to guiding you through various mortgage property types, explaining refinancing options, and clarifying any confusion surrounding reverse mortgages.
Danvers Branch
Reading Branch
North Andover Branch
Winthrop Branch
Milton Branch
Marlton Branch
New Jersey at a Glance
Alabama Mortgage & Housing Market Insights
Median Home Price
Current data estimates that the median home price in Alabama is $234,142, reflecting a 1.4% increase over the past year .
Affordability Index
Affordability metrics suggest that spending more than 30% of income on housing is considered unaffordable in Alabama. If you are looking for ways to afford your dream home, explore loan options with our Loan Officers.
Financed Property Types
Single-family homes are the most commonly financed property type in Alabama, especially in suburban and rural areas. NewFed offers several loan options that could fit the needs of any buyer and any property.
Mortgage Options for Alabama Homebuyers
Conventional Loans
Best for people with steady income and good credit who want low-interest rates.
VA Loans
A top choice for veterans, active military, and their families to buy a home with no down payment.
USDA Loans
Best for people buying a home in the country, with no down payment and low costs.
Reverse Mortgages
A good choice for older homeowners who want to get money from their home without selling it.
Non-Conventional Loans
A good option for people who don’t qualify for regular home loans but need a special loan.
HELOC Loans
Lets homeowners use the value of their home to get money for projects or bills.
FHA Loans
A smart pick for first-time homebuyers or people with lower credit who need a small down payment.
Ask Us About MassHousing
Partnered with MassHousing, we can offer eligible homebuyers additional savings on their home purchase. Speak to one of our Alabama loan officers to learn more and discuss your eligibility.
Mortgage Pricing & Affordability Calculators
Crunch some numbers to see what options you may have. These calculators are a great way to start exploring your possibilities. To get a true loan estimate, reach out to one of our mortgage loan officers! We will get you pre-approved and shopping with confidence.
Five Things to Know When Starting the Homebuying Process
Just getting started on your homebuying journey? Our free guide, 5 Things to Know When Starting the Homebuying Process, is packed with expert tips to help you feel confident and prepared from day one. Learn how to get pre-approved, understand hidden costs, act fast in competitive markets, and more. Download your copy today and take the first step toward smart, stress-free homeownership with NewFed Mortgage by your side.
Why More Alabama Buyers Choose NewFed Mortgage
- Fast closings (39% faster than industry average)
- Local loan officers across the state
- Modern (and mobile-friendly) tech + personal support
- 20+ years of local mortgage lending
- Family-owned, Chelsea-based roots
- Named A Top Place to Work by The Boston Globe (2024)
