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Alabama VA Loans

Homeownership in Alabama is a dream for many people, but not everyone has access to a loan program as great as the VA home loan. So whether you are looking to settle down in the bustling city or on the ocean shoreline, you’ll be thrilled with your new home.

Published on October 19, 2020

With the average listing price of a home in Alabama landing at $330,477, the VA loan’s signature $0-money-down benefit is a considerable advantage for Alabama homebuyers.

See also: VA Loan Options for Other States

How to get a VA Loan in Alabama

VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.

For example, if you're purchasing a home in Gulf Shores, AL, you'll need to find a lender licensed in Alabama to do the loan.

Our Lender
Veterans United Home Loans is a VA approved lender; Mortgage Research Center, LLC – NMLS #1907 (www.nmlsconsumeraccess.org). Not affiliated with the Dept. of Veterans Affairs or any government agency. Not available in NV or NY. 1400 Veterans United Dr., Columbia, MO 65203. Equal Housing Lender

Other Considerations for Getting a VA Loan in Alabama

VA borrowers in Alabama should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.

Alabama VA Loan Limits

As of January 1, 2020, VA borrowers in Alabama with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.

However, veterans without their full VA loan entitlement are still bound to Alabama’s VA loan limits.

As of January 1, 2020, VA loan limits for all counties in Alabama are $548,250.

Property Taxes in Alabama

Another consideration for VA buyers in Alabama are property taxes. For certain VA buyers, there are exemptions.

You may be eligible for a property tax exemption in Alabama if you are 100 percent disabled as a result of service.

If you are required to pay property tax in Alabama, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:

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County Property Tax Rate
Autauga 0.32%
Baldwin 0.31%
Barbour 0.31%
Bibb 0.28%
Blount 0.32%
Bullock 0.51%
Butler 0.36%
Calhoun 0.42%
Chambers 0.39%
Cherokee 0.39%
Chilton 0.37%
Choctaw 0.27%
Clarke 0.31%
Clay 0.26%
Cleburne 0.35%
Coffee 0.37%
Colbert 0.40%
Conecuh 0.40%
Coosa 0.32%
Covington 0.30%
Crenshaw 0.35%
Cullman 0.29%
Dale 0.36%
Dallas 0.39%
DeKalb 0.35%
Elmore 0.30%
Escambia 0.38%
Etowah 0.43%
Fayette 0.29%
Franklin 0.37%
Geneva 0.36%
Greene 0.34%
Hale 0.34%
Henry 0.34%
Houston 0.35%
Jackson 0.33%
Jefferson 0.66%
Lamar 0.30%
Lauderdale 0.42%
Lawrence 0.36%
Lee 0.52%
Limestone 0.37%
Lowndes 0.50%
Macon 0.47%
Madison 0.46%
Marengo 0.35%
Marion 0.30%
Marshall 0.42%
Mobile 0.55%
Monroe 0.28%
Montgomery 0.39%
Morgan 0.39%
Perry 0.47%
Pickens 0.34%
Pike 0.33%
Randolph 0.37%
Russell 0.46%
St. Clair 0.31%
Shelby 0.51%
Sumter 0.37%
Talladega 0.38%
Tallapoosa 0.33%
Tuscaloosa 0.37%
Walker 0.29%
Washington 0.29%
Wilcox 0.32%
Winston 0.31%

How VA Loans Work in Alabama

View the graphic below to learn more about how VA loans work in Alabama.

How Alabama VA Loans work How Alabama VA Loans work How Alabama VA Loans work