We recommend pre-qualifying for any home.  No one knows what will happen to rates over the near term, but the trend is almost certain to be UP over the coming months and years.  Today's rates can save you tens of thousands of dollars over the life of the loan.  If you are thinking of becoming a homeowner and enjoying the benefits of owning your own new home, why not ACT NOW and take advantage of today's opportunity to LOCK-IN a low rate.

100 PERCENT AND LOW DOWN PAYMENT LOANS

VA loans allow veterans to finance up to 100% with no down payment required.

FHA loans require only 3% down payment and are easier to qualify than other loans

RECD (Farmers Home) loans allow some to obtain no down payment financing with no PMI.

PIGGYBACK loans allow 2 conventional loans to be combined to cover 100% of the amount needed. This is typically an 80/20 first and second mortgage loan with no PMI.

ADJUSTABLE RATE LOANS

1,3,5,7,AND 10 Year Fixed rates in the beginning years, with an adjustable rate for the remainder of the 30 year term. There are many variations. Some can be converted to a regular fixed rate at certain times after the initial years of the loan.

CONVENTIONAL LOANS

The most popular type of loan today is the Conventional Loan.  100% loans are offered by almost all mortgage companies and the programs are vast and varied. Call your mortgage consultant for full details.

BOND MONEY LOANS

The State of Alabama through the Alabama Housing Finance Authority offers loans at very  favorable rates which can sometimes help residents who need assistance in obtaining affordable financing. We can help you determine if this program is right for you.