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Home Loans In Birmingham Alabama

Welcome to Capital Home Mortgage Birmingham at Premier Mortgage Resources. Founded during the post-Civil War Reconstruction period in 1871, the city of Birmingham has since developed into a significant economic and social hub in the state of Alabama. Among the many things that the city is known for, Birmingham is also the founding city of National Veterans Day. 

The real estate market in Birmingham has had its fair share of highs and lows in the wake of the pandemic. However, with its area poised for growth in home sales and prices in 2022, now may be a good time to look at some housing options. 

If you’re looking to own a home in Birmingham, Alabama, we can help you get the right home loan to finance the purchase. At Capital Home Mortgage, we offer an extensive lineup of home loan programs to fit different home buyer needs. 

Types Of Home Loan Programs In Birmingham

There are three main categories of home loans available to Birmingham residents: 

1. Government-Insured & Guaranteed Home Loans 

These are home loan programs that enjoy backing from the federal government. They are offered as part of the government’s commitment to helping Americans access mortgage products to enable them to become homeowners. 

Because the government insures them, these loans are generally easier to access and ideal for home buyers with lower credit scores and limited down payments. 

The most common types include: 

  • FHA Home Loans 

The Federal Housing Administration oversees this program. If you’re a first-time home buyer, an FHA loan might be a great option since it requires a 3.5% down payment and a credit score of 580. 

  • USDA Home Loans

 The US Department of Agriculture oversees this program. These loans are available to borrowers looking to own homes in qualified rural areas. They offer 100% financing, no money down required.

  • VA Home Loans 

The U.S. Department of Veterans Affairs manages this program. VA home loans are available to active or retired veterans and their families only. There’s no down payment required. 

These loans are available to Native American Indians. The program is managed by the U.S. Department of Housing and Urban Development.

2. Conventional Home Loans 

These loans are not insured or backed by the government. Conventional home loans can be used to finance primary and secondary homes and investment properties. 

The required down payment is as low as 3%, though anything lower than 20% will usually incur private mortgage insurance payments to the lender. Borrowers need a minimum FICO credit score of 620 to access conventional loans.

3. Jumbo Home Loans 

Jumbo loans are aptly named since they offer much higher loan amounts than conventional and government-backed loans. They are typically used to finance the purchase of high-end properties or homes in expensive areas, such as New York, Los Angeles, and Hawaii. 

Because of the high amounts involved, the eligibility requirements for jumbo home loans are stringent and often require more in-depth documentation. For instance, borrowers must have a minimum FICO credit score of 700 and a max debt to income ratio of 45%. 

Birmingham, Alabama Mortgage Lender

Capital Home Mortgage is a full-service, direct mortgage lender serving Birmingham residents. We understand that buying a home is a huge decision, so our mortgage professionals work tirelessly to provide a stress-free experience from start to finish. 

Because we have direct endorsement authority to underwrite and approve your loan, Capital Home Mortgage can offer on-time true approvals, lower rates, and exceptional customer service. 

Get Started With A Quick No-Obligation Quote

At Capital Home Mortgage Birmingham, we provide dedicated touchpoints throughout the home loan process so you can quickly and easily find the right program that meets your home buying requirements. 

Get in touch with our loan officers today by calling (205) 352-1030

Thank you for visiting our web page and the opportunity to earn your mortgage business in Birmingham, Alabama. 

Why Birmingham HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Birmingham Alabama Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Birmingham Mortgage Programs

Birmingham Home Purchase loans

Looking to Purchase a Birmingham Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.
  • Primary, 2nd Home, Investment
  • Low Rates & Fees, No fee Options
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo & Renovation
  • Manufactured, Construction, Reverse

Birmingham Renovation Home Loans

Looking to Rehab a Birmingham Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not a renovation loan? Purchase the Perfect Home and make it your own.
  • Remodel, Renovate or Repairs
  • FHA 203K Streamline 
  • FHA Full Documentation Rehab
  • Fannie Mae Homestyle Reno
  • Freddie Mac Home Choice Reno

Birmingham FHA Home loans

Great 1st Time Birmingham Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.
  • Smaller Down Payments
  • Flexible Underwriting Guidelines
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Down Payment Gifts Allowed

Birmingham va Home Loans

100% Financing for Birmingham Vets

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.
  • No Mortgage Loan Limits
  • Simple Qualifying
  • Higher Debt to Income Allowed
  • Lower Credit Scores – Down to 500
  • Manual Underwriting Allowed

Birmingham Conventional Home loans

Flexibility for Birmingham Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a loan officer.
  • Primary, 2nd Home, Investment Properties
  • Single and Multi-Family Properties
  • Variable Mortgage Insurance Options
  • Low Rates & a Variety of Mortgage Terms
  • Renovation Programs Available

Birmingham Jumbo Home Loans

Birmingham Non-Confirming Home Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits. Call today.
  • Primary & 2nd Homes
  • Variety of Mortgage Programs
  • Simple Qualifying for Veterans
  • Investor Specific Guidelines
  • Credit Score Minimums

Birmingham USDA Home loans

100% Rural Birmingham Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.
  • Primary Residences
  • No Down Payment Required
  • New Manufactured Homes Allowed
  • Closing Costs / Repairs Rolled In
  • Geographic and Income Limits Apply

Birmingham Native american Home Loans

Birmingham Hud 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.
  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed
  • Purchase, Refinance, and Renovation

Birmingham Manufactured Home loans

Great Alternative Birmingham Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.
  • Existing Purchase or Refinance
  • New Construction
  • One Time Close Land/Home Combo
  • Lock at Contract
  • FHA, VA, USDA, Native American

Birmingham Reverse Mortgage Loans

Your Birmingham Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.
  • Primary Residence Only
  • Simple Qualifying – Equity Based
  • No Credit Score Requirements
  • Minimum Age 62
  • Purchase, Refinance, and Cash-Out

Birmingham Non QM Home loans

Making Birmingham Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.
  • Purchase, Refinance & Cash-out
  • Primary, Secondary, Investment Properties
  • Full Doc Programs
  • Alt Doc Programs
  • Corporations OK

Birmingham One Time Close Home Loans

Build Your Birmingham Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.
  • Primary Residences Only
  • One Time Close
  • Lock Rate at Closing
  • Traditional Final Mortgages
  • No Payments During Construction

Birmingham Refinance Mortgage loans

Birmingham Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.
  • Lower Monthly Payment
  • Shorten Mortgage Term
  • Streamline Options Available
  • Appraisal Waivers Allowed
  • VA IRRRL’s

Birmingham Cashout Mortgage Loans

Birmingham Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.
  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Dream Vacation
  • Higher Education

Birmingham Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer
NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer
NMLS 743506

Brad Rund

Director Native American Lending
Director Manufactured Housing

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