In an increasingly centralized business environment " where the main office may be hundreds of miles away in another state " its reassuring to know that there are still truly "home-owned" companies. Magnolia Mortgage Company has been making a name for itself in the Mobile area since 1990. As Mobiles only locally owned and operated full-service mortgage company, we offer the stability and product selection of a large corporation, along with the personalized service of an independent business. All of Magnolias loans " primarily residential mortgages " are locally processed, providing a distinct advantage in convenience and turnaround time. Magnolia also utilizes an automated underwriting system. We offer traditional low-interest-rate loans, all conventional and government products, such as FHA and VA loans, as well as a wide range of non-conforming products. In addition to making loans, Magnolia " in keeping with its reputation as a comprehensive mortgage lender " maintains and services a portion of the loans it makes. Magnolia also sells its mortgages to local pension funds as well as individuals. Such investors have come to appreciate the advantages that owning a mortgage can offer: a safe investment with an attractive yield and regular monthly income. Making a difference is what Magnolia Mortgage is all about " helping people realize their dream of owning a home by offering quality products, expert service, and personal attention. Licenses: Magnolia Mortgage Company, LLC is a HUD and VA approved lender and is licensed by the Alabama State Banking Department and in the State of Florida. Magnolia may not be able to lend in all states, please contact us for availability. Magnolia Mortgage Company NMLS 70176 Licenses: Magnolia Mortgage Company, LLC is a HUD and VA approved lender and is licensed by the Alabama State Banking Department, State of Florida and the State of Mississippi. Magnolia Mortagage Company may not be able to lend in all states, please contact us for availability.