Conventional
A range of options are available on a conventional loan, which is why it is by far our most popular loan.
Jumbo
This large loan amount might be for a multi-unit property or for a high-end single family home. It is usually necessary to put down a higher percentage of down payment for jumbo loans.
ARM
Adjustable Rate Mortgages have interest rates that vary depending on market changes. They often start out with low interest rates that adjust after specified periods of time.
Federal Housing Administration loans are slightly different than conventional loans, and this might be a benefit to you. Ask your loan officer for more details comparing the two loan types.
We support our military! If you are active duty, a veteran, or the surviving spouse of a veteran these loans are a great option for you.
The Alabama Housing Finance Authority offers loan programs that are excellent for borrowers that do not have the funds for a large down payment. Your loan officer will let you know if you meet the guidelines for this type of loan.
USDA
The USDA offers special loan terms on properties located in targeted rural areas. Check with your loan officer to see if the home you are interested in is covered by the USDA.
Refinancing
Refinancing is available into most of the loan types above, and is available to reduce your interest rate, take cash out of your home investment, or a combination of both.