Capital Home Mortgage Hoover
Hoover Alabama Mortgage Lender
Home Loans In Hoover Alabama
Welcome to Capital Home Mortgage Hoover at Premier Mortgage Resources. Located in north-central Alabama, Hoover is the largest suburban city and the sixth-largest city in the state of Alabama. Hoover has recently been named the “Best Place to Live in Alabama” according to 24/7 Wall Street. This is due to the city’s high ratings in economy, affordability, community, and quality of life, making it ideal for families and seniors to live.
Indeed, living in Hoover is a dream for many, and it can be for you too.
Are you looking to purchase a home in Hoover, Alabama? Capital Home Mortgage can help you obtain the right financing program. What type of home loan can you qualify for?
Types of Mortgage Products In Hoover
Choosing the best mortgage product is important because they involve large financial transactions that take years to pay. Here are the common mortgage products offered today.
Fixed-Rate Mortgage
These mortgages have a fixed interest rate over the loan term of anywhere between 10 – 30 years. The main advantage of this mortgage is that you can compute payments from day zero until the last payment date.
Adjustable-Rate Mortgage
ARM’s main characteristic is the change of rates after the fixed period. A 5/1 ARM has a fixed rate for the first five years and changes interest rates annually. ARMs usually come at a “teaser rate” lower than most loans.
FHA Mortgage
The Federal Housing Administration backs home loans of moderate to low-income borrowers. Since the government insures these loans, banks tend to ease up and accept down payments as low as 3.5% and credit scores as low as 580.
VA Mortgage
Whether retired or in service, the men and women of the US Military can get a VA home loan with zero down payment, no loan limits, no mortgage insurance, and 4% seller concessions.
USDA Mortgage
The U.S. Department of Agriculture guarantees USDA loans to borrowers looking to own homes in a designated rural area. There is no down payment required, no restrictions on seller concessions, but credit, income, and asset restrictions may apply.
Jumbo Mortgage
If the house you want is above the limits set by Fannie Mae and Freddie Mac, jumbo loans are the best for you. However, only borrowers with credit scores of 740 and above may qualify for this one.
Hoover, Alabama Mortgage Lender
Are you looking to get a home loan in Hoover, Alabama? Our experienced loan officers at Capital Home Mortgage can help. We offer a wide range of home loan programs, including government-backed loans, Jumbo loans, conventional loans, and even refinancing and renovations.
Capital Home Mortgage handles all mortgage applications until funding as a direct mortgage lender. Since we finance all approved loans, our underwriting and processing policies are more flexible to suit your specific needs. We also provide competitive interest rates and lower fees, and excellent customer service from start to finish.
Get A Home Loan In Hoover
Getting the right home loan in Hoover, Alabama, starts with a simple phone call. Talk to our loan officers today about your home financing needs. Reach us at (205) 352-1030 to get started.
Why Hoover 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
Hoover 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
Hoover Mortgage Programs
Hoover Home Purchase loans
Looking to Purchase a Hoover Home?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Hoover Renovation Home Loans
Looking to Rehab a Hoover Home?
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
Hoover FHA Home loans
Great 1st Time Hoover Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
Hoover va Home Loans
100% Financing for Hoover Vets
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
Hoover Conventional Home loans
Flexibility for Hoover Homebuyers
- Primary, 2nd Home, Investment Properties
- Single and Multi-Family Properties
- Variable Mortgage Insurance Options
- Low Rates & a Variety of Mortgage Terms
- Renovation Programs Available
Hoover Jumbo Home Loans
Hoover Non-Confirming Home Loans
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
Hoover USDA Home loans
100% Rural Hoover Home Loans
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
Hoover Native american Home Loans
Hoover Hud 184 Home Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
Hoover Manufactured Home loans
Great Alternative Hoover Housing
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
Hoover Reverse Mortgage Loans
Your Hoover Home at Work
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
Hoover Non QM Home loans
Making Hoover Mortgages Possible
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment Properties
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
Hoover One Time Close Home Loans
Build Your Hoover Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
Hoover Refinance Mortgage loans
Hoover Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Hoover Cashout Mortgage Loans
Hoover Equity Mortgage Loans
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education