Alabama (AL)

» Lending Criteria & State Information

Hard Money in Alabama (AL)

Loans Offered

Avatar offers all of our loan programs in Alabama including our hard money and bridge loan programs with the standard requirements of $500,000 minimum and a max LTV of 65%.

Apply for a Loan in Alabama

State Information

Alabama, named for the Native American peoples that once inhabited this southern US State (Alibamu), was the 22nd state to join the US in 1819.

Alabama is the 30th largest state in the union in terms of land area, and is part of the southern United States. Geography dictates that most of Alabama's land is a plain that slopes gradually towards the Mississippi River to the west and the Gulf of Mexico to the south.

Major cities in Alabama include the capital, Montgomery and several large metropolitan areas, including Birmingham, Mobile & Huntsville. The population of the state is fairly spread out and concentration in the metro areas is considerably below average for the United States.

Major Cities

  • Birmingham
  • Montgomery
  • Mobile
  • Tuscaloosa
  • Auburn

Online Resources

Alabama's State Government Website
Department of Tourism & Travel
Business Council of Alabama
Commercial Real Estate Exchange for Alabama

Population

4500752

Land Area

50744

Persons per Square Mile

87

New Housing 2003

18403

Total Housing Units

2014536

All Census information is taken from the US Census website - listed in the online resources section.