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Alabama Banks & Mortgage Companies

Here are some of our local area banks and mortgage companies.
Always call first in case their hours have changed.

Gulf Shores & Orange Beach Banks - This is a partial list of banks in our area. New banks are continually being built in the Gulf Shores - Orange Beach area. Please always call the bank in question to double check their hours.

The Whitney Bank

The Whitney Bank is easy to spot on Gulf Shores Parkway.
www.whitneybank.com 
1801 Gulf Shores Parkway
Gulf Shores, AL 36542
(251) 967-1212 .....24 Hr Account Info 1-800-681-9015

Founded in 1883, Whitney National Bank is the oldest continuously operating bank in New Orleans and a banking industry leader along the Gulf Coast. The Whitney still represents solid business experience, sound ethical values, strong capital and careful customer attention. Starting in the mid-1980s, the Whitney Bank began expanding throughout the Gulf South. They now have locations throughout greater New Orleans, Baton Rouge, Lafayette, Houma, Morgan City and Lake Charles. The Whitney Bank has also expanded east into Alabama, Mississippi, Texas and Florida. The Bank also has a foreign branch on Grand Cayman in the British West Indies.

Online mortgage tools and information are designed to make the home-buying process more convenient for you – you can even apply for your mortgage online.

Colonial Bank

1500 Gulf Shores Parkway
Gulf Shores, AL 36542
(251) 968-6893 fax (251) 968-5136
Colonial Bank Online Banking www.BankColonial.com 
www.ColonialBank.com 

Colonial Bank in Gulf Shores, friendly tellers and loan officers available to talk to you about your mortgage needs.

The Colonial BancGroup, Inc. is a $21 billion bank holding company with its headquarters in Montgomery, Alabama. Colonial Bank has 323 banking offices in Florida, Alabama, Georgia, Nevada and Texas. Its common stock is traded on the New York Stock Exchange under the symbol CNB. Colonial Bank offers a broad line of retail and commercial banking products as well as electronic banking services, credit card and merchant services, cash management services and wealth management services.
The mortgage loan originators at Colonial Bank can help you with a conventional fixed rate home mortgage, investment property 90%LTV mortgage, second home 95% LTV mortgage, condo mortgages, a stated income mortgage, or construction financing.

SouthTrust Bank--Now Wachovia 

Gulf Shores Parkway
Gulf Shores, AL 36542
(251) 968-2456 
www.SouthTrust.com www.wachovia.com 

Wachovia Bank is on Gulf Shores Parkway too, on the West side of the street.
Wachovia Corporation is a diversified financial services company that provides a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. They are one of the largest providers of financial services in the United States, operating as Wachovia Bank in 15 states from Connecticut to Florida and west to Texas, and serving retail brokerage clients under the name Wachovia Securities nationwide as well as in five Latin American countries. They also serve investment banking clients in selected industries nationwide, and provide global services through 40 offices around the world.

BankTrust 

1700 Gulf Shores Pkwy, Gulf Shores, AL 36542
Phone: (251) 968-2260
Fax: (251) 968-2261

BankTrust is a locally owned bank on Gulf Shores Parkway (Hwy 59) in front of the Winn-Dixie. 
BankTrust has many locations throughout the Mobile, Baldwin, Escambia, Monroe and Marengo Counties in Alabama.

BankTrust Gulf Shores is located on Highway 59 South, next to the Winn Dixie shopping center. BankTrust offers the following credit cards: Basic MasterCard, Classic Visa, Visa Gold, University of Mobile Classic Visa, University of Mobile Visa Gold. BancTrust Company is a a subsidiary of BancTrust Financial Group, Inc., along with BankTrust in Mobile, Baldwin, Escambia, Marengo, and Monroe Counties, Sweet Water State Bank, BT Financial Services, Inc., BankTrust of Florida, BankTrust Alabama and BankTrust Florida. BancTrust Company was formed by merging the trust departments of BankTrust and Bank Trust Brewton. BankTrust assets are in excess of $400 million. BancTrust Company provides investment management services for all type accounts including trusts, custody, estate and employee benefit plans.

First National Bank of Baldwin County

205 East 20th Avenue
Gulf Shores, AL 36542
(251) 968-6565
www.FirstBaldwin.com     

First National Bank of Baldwin County is just across from Hope's Cheesecake, a local favorite.
First National Bank of Baldwin County offers quality community banking services coupled with the technology advantages of a regional bank. Loan decisions are made locally within the communities they serve. The Bank emphasizes business and private banking and strives to provide a level of customer service that exceeds their customer’s expectations. The Bank is actively involved in our communities.

First Gulf Bank -Now RBC Bank

250 West Fort Morgan Road
Gulf Shores, AL 36542
Phone: (251) 968-2500
http://www.rbcbankusa.com 

RBC Bank is at the corner of Fort Morgan Road and Gulf Shores Parkway which is also Highway 59. 
RBC Bank--First Gulf Bank is a community bank serving Baldwin County, Alabama and Escambia County, Florida. In Baldwin County, First Gulf Bank operates a branch in each of the following cities: Orange Beach, Gulf Shores, Foley, Robertsdale, Bay Minette, Fairhope, and Daphne. In Florida, First Gulf Bank serves Escambia County from its locations in Cantonment and Pensacola (Cordova and Downtown)
RBC Bank--First Gulf Bank provides a broad range of banking services to individuals and businesses that prefer local bank decision-making and personalized service.

Vision Bank 

2201 West 1st Street
Gulf Shores, AL 36542
(251) 967-4212 .....1-888-972-2225
www.VisionBank.net 

Vision Bank is next to the Post Office one street to the west of Gulf Shores Parkway.
Approximately 88% of the company's loan portfolio is secured by real estate with a majority of those loans consisting of commercial real estate, commercial construction, and 1-4 family first mortgage residential loans. Vision Bancshares, Inc. was organized in July 1999 as a bank holding company and is headquartered in Panama City, Florida. It is the parent company for Vision Bank in Alabama, a state banking corporation organized under the laws of the State of Alabama and Vision Bank in Florida, a state banking corporation organized under the laws of the State of Florida. Vision Bank, Alabama provides general retail and commercial banking services principally to customers in Baldwin County, Alabama through its offices located in Gulf Shores, Orange Beach, Point Clear, Foley, Fairhope, Elberta and Daphne. Vision Bank, Florida provides general retail and commercial banking services to customers in Bay County, Gulf County and the panhandle of Florida through its full service offices located in Panama City, Panama City
Beach, Santa Rosa Beach, Beckrich Road, Wewahitchka, Port St. Joe, Port St. Joe Beach and its loan production office in Destin.

AmSouth Bank--Now merged w/ Regions Bank, this location now Heritage First Bank !

Phone: (251) 968-7525...better not lose this number, only 251-968-4431 is in the phone book and it is maddening phone-tag loops. www.amsouth.com 

Regions Bank / Union Planters Bank / AmSouth

1400 Gulf Shores Parkway
Gulf Shores , AL 36542
Phone: (251) 968 1511....1-800-7344667
www.regions.com 

Regions / Union Planters Bank is easy to spot on Gulf Shores Parkway with its tower out front and covered parking lot walkway.

Almost all of these Baldwin County banks all have branches in the surrounding towns, like Orange Beach, Foley, Fairhope, Daphne.  Some are a part of big regional or national bank systems with branches in many states, especially the Southern states: Mississippi, Tennessee, Georgia, Florida, Texas, Louisiana. There have been many mergers and name changes in recent years within the banking world.

Heritage First Bank - Gulf Shores

Former AmSouth--now Heritage First Bank..
1820 Gulf Shores Pkwy
Gulf Shores, AL 36542
(251) 949-5600
www.heritagefirstbank.com

As a community bank, they are committed to the growth and prosperity of businesses in our community. Heritage First Bank offers a variety of loans specially designed for corporations, partnerships, church and community organizations.

Gulf Shores & Orange Beach Mortgage Companies

Gulf Shores Alabama Mortgage Companies

First National Bank Mortgage Department

First National Bank offers first and second mortgages for conventional, VA loan, conforming and jumbo loans. They also offer interest only, fixed rate and adjustable mortgages. Being a National Bank, they can also offer first mortgages for loans outside the Alabama area. If it is your primary residence, second home or investment property check with First National Bank of Baldwin County.
205 East 20th Avenue
Gulf Shores, AL 36542
(251) 968-6565
www.FirstBaldwin.com  

First Gulf Bank Mortgage Division  Now RCB Bank

Has on site underwriting. processing and closing to serve you. They offer mortgages for primary residences, second homes, investment properties, land loans, and condos. First Gulf Bank Mortgage Division was voted best mortgage company by readers of the local Gulf Coast newspapers. 
250 West Fort Morgan Road
Gulf Shores, AL 36542
Phone: (251) 968-2500
www.FirstGulfBank.com  Chuck Templeton www.chucktempleton.com 

BancorpSouth

Now open in Gulf Shores from a family of banks serving Mississippi, Alabama, and Tennessee, based in Tupelo, Mississippi. Because BancorpSouth believes that buying your home should be exciting, fun, and easy, they offer Easy Home Mortgages, to make the application, closing, and payment processes easy for you. If you're looking for a home equity credit line or home equity loan, BancorpSouth has a product to fit your need. Plus, you can even borrow up to 110% of the value of your home; it's your choice with BancorpSouth's Equity Credit Line or Equity Credit Loan.
229 Easy 20th Ave. Suite 7
Gulf Shores, AL 36542
Phone: (251) 967-1975
 www.bancorpsouthonline.com  

Gulfside Mortgage, Inc,  

is on Cove Ave in Gulf Shores. They offer competitive rates, quality service and a variety of loan programs. 
132 Cove Avenue
Gulf Shores, AL 36542
Phone: (251) 968-1808 or 1.877.968.1808 gulfside@gulftel.com 

Worthington Mortgage Group, Inc.  

claims to have the fastest mortgage approval in the South ! Their ads say 30 min. or less approval with minimum documentation. They handle new home purchases, refinancing, new construction. No down payment on loans up to $650K. No PMI programs. Programs available for bad credit, slow credit, bankruptcies. 
136 Cove Avenue
Gulf Shores, AL 36542
Phone: (251) 981-5626 or 1.800.917.9416
www.worthingtonmortgage.com 

Southern Home Mortgage 

has been serving the state of Alabama since 1995. They are Alabama condo loan specialists. They also handle construction loans, vacation property loans, home equity loans, first time homebuyers, offer free pre-qualifying. They are 1.5 miles north of the Intercoastal Bridge in Gulf Shores Alabama.
3817 Gulf Shores Parkway, Suite 2
Gulf Shores, AL 36542
Phone: (251) 943-5885 www.southernhomemtg.com 

CTX Mortgage Company

has been in the homebuilding industry over 40 years and has over 20 years in residential lending. They have a variety of programs such as FHA/VA Lender, No Money Down, First Time Homebuyers, Self Employed, Investors, and No Income/Stated Income.
P.O. Box 1358
Gulf Shores, AL 36542
Phone: (251) 955-5626 or 1.877.508.5626 www.ctxmortgage.com 

Fidelity Mortgage, Inc.

is available nights and weekends and if you can't make it to their office, they will come to your house or condo. Fidelity Mortgage says they are "Self-Employed" specialists and offer free pre-approvals. The complete loan package is available for download at their website.
1544 West 2nd Street Suite 102
Commerce Park
Gulf Shores, AL 36542 www.fidelitymortgageinc.com 

Seaside Mortgage

specialize in self employed borrowers and offer several types of loans including jumbo and super jumbo loans, home equity loans, construction-permanent loans and conforming and non-conforming loans.
3145 Gulf Shores Parkway
North Side of Intercoastal Bridge
Inside the Century 21 Professional Partners Building
(251) 968-3583 www.seasidemortgage.net

Wells Fargo Home Mortgage

One of the nation's leading retail mortgage lenders. They offer a wide selection of conventional loans for condos or second home loans. FHA and VA loans, Jumbo loans, no documentation loans, new construction loans. Call them for info on vacation property mortgages or condo mortgages. Wells Fargo Home Mortgage serves the entire Gulf Coast.
109 West 14th Avenue
Gulf Shores, AL 36542 251-970-1036    1800-624-27-58

Always First Mortgage

Always First is owned by Amanda Landry and Karen Llewllyn and is a full service mortgage brokerage firm with  an experienced staff offering expertise in every area of mortgage lending from purchase to refinancing. They also do construction loans. Amanda and Karen can arrange for letters of credit for pre-construction condos as well as match their clients with many mortgage products. Borrowers can fill out an application by appointment , online or by phone , email fax or thru the mail. 

3500 Gulf Shores Pkwy
Near Jack Edwards Airport
(251) 450-3001

The Mortgage Group

Use The Mortgage Group web site to apply online, use the mortgage tools, view The Mortgage Group loan programs, contact  or learn more about them.
Whatever your residential financing needs, The Mortgage Group will tailor a loan that's right for you: Purchase, Refinance, Construction, Home Improvement, Home, Equity Loans, Investment Properties, Debt Consolidation Loans, Stated Income Loans, and Damaged Credit Loans

128 Cove Ave Suite 1
Gulf Shores, AL 36542
(251) 968-5055

Helpful Mortgage Terms:

Adjustable Rate Mortgages (ARM)

A mortgage with an interest rate that may change, usually in response to changes in the Treasury Bill rate or the prime rate. The purpose of the interest rate adjustment is primarily to bring the interest rate on the mortgage in line with market rates. The mortgage holder is protected by a maximum interest rate (called a ceiling), which might be reset annually. ARMs or adjustable rate mortgages, usually start with better rates than fixed rate mortgages, in order to compensate the borrower for the additional risk that future interest rate fluctuations will create.

Annual Percentage Rate (APR)

Is an interest rate reflecting the cost of a mortgage as a yearly rate. This rate is likely to be higher than the stated note rate or advertised rate on the mortgage, because it takes into account point and other credit costs. The APR allows home buyers to compare different types of mortgages based on the annual cost for each loan.

Effective Interest Rate

The annual rate at which an investment grows in value when interest is credited more often than once a year.

Interest rate

The amount of interest charged on a monthly loan payment; usually expressed as a percentage.

Fixed Rate Mortgage

The interest rate for a fixed-rate mortgage remains the same for the life of a mortgage, and the monthly payment also stays the same for the life of the mortgage

Loan-to-value Ratio (LTV)

The ratio of money borrowed on a property to the property's fair market value. For example, on a $100,000 house, if the buyer makes a $20,000 down payment and borrows $80,000, the mortgage is 80 percent of the price of the house. In this case, the loan-to-value ratio is 80.