Welcome to the official site of Lotus Lending Group, LLC. We are a full-service mortgage company based in Birmingham, AL and Destin, FL. We specialize in Conventional, Non-QM, FHA loans, VA loans, USDA loans, Refinancing, and First Time Home Loans in Alabama, Florida, and we also serve the great state of Louisiana. Whether you are buying a home or refinancing in Alabama, Florida, and Louisiana, we can help you realize your dream of homeownership or save you money when your refinance your home loan.
We offer a wide range of refinance options, designed to best meet the needs of local borrowers. If you're looking for cash out, or to just get a better rate and term, we can assist you. Contact Lotus Lending Group, LLC today to discuss your mortgage loan options, and find out which loan program will best suit your needs.
We offer a wide range of refinance options, designed to best meet the needs of local borrowers. If you're looking for cash out, or to just get a better rate and term, we can assist you. Contact Lotus Lending Group, LLC today to discuss your mortgage loan options, and find out which loan program will best suit your needs.
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Lotus Lending Group LLC is an equal housing opportunity mortgage brokerage dedicated to serving the great states of Alabama, Louisiana, and Florida.
Like the lotus flower, our team has bloomed overnight in what seems in the most unlikely of places.
In just two short years, we have opened our business to serving the wonderful people of Alabama, Florida, and Louisana.
Our home office is located Birmingham, Alabama.
In 2021, we opened our second branch in Destin, Florida.
Our staff consists of many talented loan officers and in-house loan processors who make our customers feel seen, heard, and valued.
Like the lotus flower, our team has bloomed overnight in what seems in the most unlikely of places.
In just two short years, we have opened our business to serving the wonderful people of Alabama, Florida, and Louisana.
Our home office is located Birmingham, Alabama.
In 2021, we opened our second branch in Destin, Florida.
Our staff consists of many talented loan officers and in-house loan processors who make our customers feel seen, heard, and valued.
There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them.
Luckily we're here to help you choose the best type of home loan for your needs.
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.
Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions.
Typically, these loans carry a fixed-i.
Luckily we're here to help you choose the best type of home loan for your needs.
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.
Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions.
Typically, these loans carry a fixed-i.
The first step in obtaining a loan is to determine how much money you can borrow.
In case of buying a home, you should determine how much home you can afford even before you begin looking.
By answering a few simple questions, we will calculate your buying power, based on standard lender guidelines.
You may also elect to get pre-approved for a loan which requires verification of your income, credit, assets and liabilities.
Be in a better position when negotiating with the seller (seller knows your loan is already approved).
In case of buying a home, you should determine how much home you can afford even before you begin looking.
By answering a few simple questions, we will calculate your buying power, based on standard lender guidelines.
You may also elect to get pre-approved for a loan which requires verification of your income, credit, assets and liabilities.
Be in a better position when negotiating with the seller (seller knows your loan is already approved).
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice.
We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances.
All examples are hypothetical and are for illustrative purposes.
We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances.
All examples are hypothetical and are for illustrative purposes.
We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
It's generally a good time to refinance when mortgage rates are 2% lower than the current rate on your loan.
It may be a viable option even if the interest rate difference is only 1% or less.
Any reduction can trim your monthly mortgage payments.
Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month.
Your savings depends on your income, budget, loan amount, and interest rate changes.
It may be a viable option even if the interest rate difference is only 1% or less.
Any reduction can trim your monthly mortgage payments.
Example: Your payment, excluding taxes and insurance, would be about $770 on a $100,000 loan at 8.5%; if the rate were lowered to 7.5%, your payment would then be $700, now you're saving $70 per month.
Your savings depends on your income, budget, loan amount, and interest rate changes.
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