Your Dream Mortgage. And Its Many
Windows Of Opportunity.

From the time you hammered together a treehouse or built a blanket tent in your living room, you’ve dreamed of closing the door on a place that was truly yours. Merchants Bank of Alabama, a division of SouthPoint Bank, offers more ways to get in the door of your perfect home from where you are right now in your life with local mortgages designed with your needs in mind. Whether you are buying a house, want to downsize for more freedom, or add-on for more room, we have the home loan and mortgage lending products that fit your budget and your vision. We can even help you turn your home into a window of opportunity to make improvements, fund college or consolidate debt.

Local Mortgage Lenders Who Answer To You

Our mortgage products come with more than competitive rates and terms. They come with the big advantage of a local Alabama mortgage lender. Your hometown lender has the power to make sure your loan is the right fit and the knowledge to make you at ease through the entire process. Once you move in there’s no need to move on to a new bank. You can refinance, capitalize on your equity or build your lake house with the lender you’ve built a great relationship with.

Ready To Get Started With A Local Lender?

For assistance with a mortgage or home loan, contact Michelle Kimbrough at 256-734-8110 or mkimbrough@merchantsbankal.bank. Or click here to begin your first steps toward the pre-qualification process.

Mortgage Loans That Open The Door To Your Home, and Unlock Its Potential

USDA Rural Development Guaranteed Loan – 100% Financing

A fixed-rate home mortgage program that does not require a down payment if you are purchasing in an eligible rural area. Income limitations apply.

Conventional Mortgages

A conventional loan can come in a variety of options with both fixed and adjustable rates and generally have the most competitive rates. These loans are conforming, non-government and are guaranteed by Freddie Mac or Fannie Mae. Conventional loans may have down payments as low as 3%.

Federal Housing Authority (FHA) Mortgages

Insured by the Federal Housing Authority, FHA loan interest rates are also fixed and require at least a 3.5% down payment.

Veterans Administration (VA) Mortgages

These fixed-rate loans are available to veterans of the U.S. Military and their qualifying surviving spouse.

New Construction Loans

Building your dream home may be one of the most exciting and biggest projects you do. It is important to have financing options. With our construction to permanent financing, you can enjoy a single close program that will make the transition smooth and save you time and money. Plus, you have a local mortgage lender you can lean on during the entire building process.

Home Equity Loans

Put the equity in your home to work on your goals. These home loans are perfect for debt consolidation or any time you need a specific amount of money in one lump sum.

Home Equity Line of Credit

Get cash for home improvements, college tuition, even crossing more things off your bucket list. A pre-established Home Equity Line of Credit makes borrowing money as easy as writing a check and gives new meaning to dream home.

For assistance with a mortgage or home loan, contact Michelle Kimbrough at 256-734-8110.

Escrows may be required on all of these loans. Other terms and conditions may apply.