Mortgage Broker in Alabama

Licensed to originate mortgages in Alabama (AL) through Lumin Lending Inc. Purchase, refinance, and investment property loans with access to over 90 lenders.

Last updated: April 2026

Key Facts

Randy Mathis is a licensed mortgage broker serving Alabama through Lumin Lending Inc. (NMLS# 1516760). Available programs include Conventional, FHA, VA, Non-QM, DSCR, Bank Statement, HELOC, Reverse Mortgage, and Commercial loans. The conforming loan limit in Alabama is $806,500 for 2026.

Mortgage Lending in Alabama

Alabama offers some of the most affordable housing markets in the Southeast, with median home prices well below the national average. The state's low cost of living and no state property tax on primary residences make it an attractive option for first-time buyers and investors alike. Programs like the Alabama Housing Finance Authority (AHFA) provide down payment assistance and favorable terms for qualifying borrowers.

With access to over 90 lenders through Lumin Lending Inc., I can shop your loan across multiple investors to find the right rate and terms for your specific situation in Alabama. Whether you are a first-time homebuyer, looking to refinance, or building an investment portfolio, I have programs designed to fit your needs.

Available Loan Programs in Alabama

Conventional

Traditional financing with as little as 3% down. Competitive rates for purchase and refinance.

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FHA

Government-backed loans with 3.5% down and flexible credit requirements for first-time buyers.

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VA

Zero down payment and no PMI for eligible veterans, active-duty, and qualifying spouses.

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Non-QM / DSCR

Bank statement, DSCR, asset depletion, and other flexible programs for self-employed and investors.

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HELOC / HELoan

Access your home equity with a line of credit or fixed-rate home equity loan.

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Reverse Mortgage

Convert home equity into cash with no monthly mortgage payments for homeowners 62 and older.

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Commercial

Financing for commercial properties, mixed-use buildings, and business real estate needs.

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Rates and program availability may vary based on the state or region in which the financed property is located. This is not a credit decision, an offer, or a commitment to lend. Program restrictions apply.

HELOC: Timing may vary based on borrower qualifications and loan conditions. Appraisal may be required in certain circumstances. Subject to credit approval. Your home is used as collateral and may be at risk if you do not repay. APR, terms, and repayment structure vary by product.

Helpful Resources

First-Time Homebuyer Guide 2026

Everything you need to know about buying your first home, from pre-approval to closing day.

Should You Refinance in 2026?

How to decide if refinancing makes sense for your situation, with break-even analysis.

DSCR Loans Explained

How real estate investors qualify based on rental income instead of personal tax returns.

5-Day Digital HELOC Guide

Access your home equity in as few as 5 days with our digital HELOC process.

Credit Score Myths for Homebuyers

The 5 biggest credit score myths that stop people from pursuing homeownership.

Frequently Asked Questions

Answers to common mortgage questions about loan programs, credit, and the application process.

Frequently Asked Questions

What are the conforming loan limits in Alabama?

Alabama follows the standard conforming loan limit of $806,500 for single-family homes in 2026. This limit applies statewide since Alabama does not have any designated high-cost counties. Loan amounts above this threshold require jumbo financing.

Does Alabama have first-time homebuyer programs?

Yes, the Alabama Housing Finance Authority (AHFA) offers several programs including down payment assistance and competitive mortgage options for first-time buyers. These programs can be combined with FHA, VA, or conventional loans to reduce out-of-pocket costs.

Can I get a DSCR loan in Alabama?

Absolutely. DSCR (Debt Service Coverage Ratio) loans are available in Alabama for real estate investors. These loans qualify based on the rental income of the property rather than your personal income, making them ideal for building a portfolio of rental properties.

Is Randy Mathis licensed to lend in Alabama?

Yes, Randy Mathis (NMLS# 1516760) is a licensed mortgage broker serving Alabama through Lumin Lending Inc. (NMLS# 2716106), which holds an Alabama Consumer Credit License. With access to over 90 wholesale lenders, Randy can help you find competitive rates for purchase, refinance, or investment property loans in Alabama.

What types of properties can I finance in Alabama?

Through Lumin Lending Inc., you can finance single-family homes, condos, townhomes, multi-unit properties (up to 4 units), and investment properties in Alabama. Specialty programs are also available for manufactured homes and rural properties.

Ready to Get Started in Alabama?

Let me find you a competitive mortgage rate from our network of 90+ lenders. Apply online or schedule a call to discuss your options in Alabama.

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Randy Mathis NMLS# 1516760 | Lumin Lending Inc. NMLS# 2716106 | NMLS Consumer Access