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Gulf Shores Banks & Mortgage Companies

Banks                  Gulf Shores Alabama Mortgage Loan Companies

Gulf Shores has many choices when it comes to banks. Additional information about each of these Baldwin County banks will be added very soon....We have included bank opening and closing times as given to us in 2005. Please call first to confirm if your timing is critical.

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 Mortgage Companies

First National Bank Mortgage Department

First National Bank offers first and second mortgages for conventional, VA, 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  

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 

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

Mortgages are a big part of the services that banks here provide. Some general mortgage information for you to ask your bank about :

Conventional Fixed Rate Loans
The interest rate is fixed for the life of the loan
Most often used by homebuyers who expect long term ownership of the home
Monthly principal and interest payments remain the same for the life of the loan
No prepayment penalties for partial or full payment before the maturity date

Adjustable Rate Loans
Designed for buyers who plan to keep the home for a shorter period of time
The initial rate is typically lower than a conventional fixed rate loan
The interest rate is fixed for the initial period of 3, 5, 7, or 10 years
The rate adjusts annually after the initial fixed period
Lower monthly payments during the initial period
Interest - only payment options will create even lower initial payments


FHA and VA Loans
Designed by the Federal Government to increase home ownership
Low or no down payment
Easier qualifications requirements
Competitive interest rates

Affordable Home Programs
Specifically designed to make it easier for first-time homebuyers and individuals or families with low-to-moderate incomes to qualify for a mortgage loan
Lower down payment requirement
Lower income requirement

Jumbo Loans
Fixed or Adjustable rate program options
Some programs accommodate loan amounts up to $3,000,000.00

One-Time Closing Construction Loans
Streamlines the process by combining the construction loan and the permanent loan into one loan
One loan closing saves time and money
Gives you comfort in knowing your permanent financing is secure before you start construction
Fixed and Adjustable Rate programs available
Interest-only payments during construction term

Home Loans, First Time Homebuyers, Refinance Mortgage Specialists, Construction Loans, Home Equity Loans, Real Estate Loans