Closing costs in Alabama usually range from 2% to 5% of the home’s purchase price. These costs may include fees for appraisals, inspections, title insurance, and lender charges. Your loan officer can give you a personalized estimate based on your purchase.

For example, on a $300,000 home, buyers can expect to pay between $6,000 and $15,000 in closing costs. 

The most common loans among Alabama buyers are:

• Conventional Loans – Flexible terms with competitive interest rates. Often preferred by buyers with strong credit and larger down payments, though options with as little as 3% down are available.

• FHA Loans – Backed by the Federal Housing Administration, these are popular with first-time buyers. They allow lower credit scores and down payments starting at 3.5%.

• VA Loans – Available to eligible veterans, active-duty service members, and surviving spouses. VA loans require no down payment and no private mortgage insurance (PMI).

• USDA Loans – Designed for qualifying buyers in rural and suburban areas. These loans also offer no down payment and reduced mortgage insurance costs.

Alabama’s public schools vary in performance depending on the district and location. Some districts consistently stand out for strong academics, graduation rates, and college readiness.

Top-Rated Districts: Mountain Brook City Schools, Vestavia Hills City Schools, Homewood City Schools, and Madison City Schools are often recognized among the best in the state.
Strong Academic Focus: These districts typically feature strong test scores, advanced coursework options, and robust arts and STEM programs.

For detailed school performance data, including test scores and district comparisons, visit the Alabama State Department of Education Report Card.