FHA Home
Loans: Alabama
We’re ready to help you move into a home of
your own in Alabama! To speak with an affiliate FHA Mortgage Specialist,
complete the application. A mortgage specialist will call you, answer
your questions, and help you find a home of your very own.
How FHA Can Help
The Federal Housing Authority (FHA) exists to help people like you
realize your dream of owning your own home. Because the FHA insures
these mortgages, FHA lenders can work with borrowers regardless
of credit problems, collections, past bankruptcy filings, or debt-to-income
ratios that are higher than normally allowed. FHA-insured mortgages
are perfect for most home buyers – especially first-time buyers
and people who have some credit issues or a past bankruptcy.
If you can qualify for homeownership, our FHA Mortgage Specialists
will make it happen. They’ll look at your entire profile,
without focusing on particular past mistakes. Through FHA mortgages,
we can help you find your new home.
For details on FHA Mortgages, click the links to the left or visit
our FAQ. To speak to a representative, please complete our quick
one-minute application.
Frequently Asked Questions (FAQ)
Q: What is an FHA loan?
A: An FHA loan is a real estate
mortgage. The mortgage is insured by FHA. Since the FHA insures
these mortgages, lenders can work with borrowers even when they’ve
had credit problems, accounts forwarded to collections, past bankruptcy
filings, or debt-to-income ratios that are higher than normally
allowed.
Q: Can I get an FHA Mortgage?
A: Many more people qualify for
FHA mortgages than for traditional mortgages. To find out if you
qualify, speak with our affiliate FHA Mortgage Specialists. They’ll
be able to provide a definite answer, quickly.
Q: What if I have “bad credit”?
A: “Bad credit” is a very misleading
term. We’ve worked with many people who described themselves
as having “bad credit” – but who are now homeowners.
The truth is, there are no hard and fast credit score requirements
for an FHA loan. If you’re concerned about your credit score,
it’s best to speak to our representatives directly. We have
programs that can accommodate credit scores starting in the high
400s.
Q: Even if I’ve filed bankruptcy?
A: Yes. You may be able to get
an FHA loan even if you’ve filed for bankruptcy in the past.
Q: Which houses/properties qualify?
A: Single family houses, duplexes,
triplexes, 1-4 unit primary residences, Planned Urban Developments
(PUDs), approved condominiums, double-wide manufactured homes, and
modular or pre-cut housing are all eligible.
Q: Isn’t it harder for houses to qualify
for an FHA mortgage than a traditional mortgage?
A: As of January of 2006, FHA has
eliminated most of the barriers to a property qualifying. Generally,
if a home is in good enough condition to qualify for a traditional
mortgage, it will also qualify for an FHA mortgage.
Q: How much can I borrow?
A: Our affiliate FHA Mortgage Specialists
will help you determine how much you can spend on your new home.
FHA limits vary by county; click
here to check your local FHA limits.
Q: How long does the process take?
A: During the initial phone call, our mortgage
specialist will spend as long as you need to have all of your questions
answered to your satisfaction. Once you’ve found a home, you
can complete an application in as little as 20 minutes. It takes
an average of 30 days from the day your application is submitted
to close your mortgage.
Q: Where can I get the FHA mortgage?
A: We make it easy to get an FHA
mortgage in your community. You won’t have to visit an office
or meet with a mortgage specialist in person. Once you talk with
one of our specialists by phone, you can complete the rest of the
process by phone, fax, mail, and e-mail. It’s that simple!
Apply
Now
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