Capital Home Mortgage Huntsville

Huntsville Home Loans

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Huntsville Alabama Mortgage Lender

Home Loans In Huntsville, Alabama

Huntsville is Alabama’s most populous city. It is a place filled with rich heritage and high-tech opportunities, even earning the nickname “The Rocket City” because it is home to NASA’s Marshall Space Flight Center and the U.S. Army Aviation and Missile Command.

According to the National Association of Realtors, Huntsville made it to the real estate market’s top ten “hidden gems.” This means that the housing situation in Huntsville is gaining more recognition, which can impact your plans for homeownership. 

But before making your move, it’s crucial first to sort out your home financing options. If you’re like most potential home buyers, you’ll likely need to obtain a home loan in Huntsville. When considering home loans, you’ll come across the terms “pre-approval” and “pre-qualification.” 

Both are essential aspects of the home loan process, and it’s unlikely that any seller or agent will take you seriously without them. With that in mind, here’s what you need to know. 

Loan Pre-approval vs. Pre-qualification

Homebuyers often encounter these two terms. Some even make the mistake of interchanging one for the other. However, pre-approval and pre-qualification are entirely different, even though they share similarities. 

  • Pre-qualification

Pre-qualification is when the lender gives a competent estimate of the loan amount. It doesn’t take long to be pre-qualified. In some cases, you don’t even need to go to the lender because pre-qualification can be done over the phone. 

In this process, you will inform the lender of your general financial statuses, such as outstanding debts, current income, and assets.

The amount quoted during pre-qualification is not the final loan amount, but you can use it as a price limit when you go home shopping. Once you’ve been pre-qualified, you’ll receive a pre-qualification letter from the lender, including letter expiry date, conditions, and disclaimers.

  • Pre-approval

Getting pre-approved is the step after pre-qualification. Pre-approval is a much more “involved” procedure since you must present yourself to the lender. 

During pre-approval, you’ll be asked to complete the application process, submit documents, and go through verification and underwriting. Lenders will often provide a “conditional commitment” for the loan amount so that you can look for homes to buy.

The pre-approval process will include a complete review of your financial background. Lenders will pull and check your credit. Your file will be processed as if you found a house to purchase. After the verification process, your file will go through Underwriting to ensure all T’s are crossed and I’s dotted. After the underwriter reviews your file and documents, you will be given a “conditional approval.” You need a specific property to match the approval amount.

Huntsville, Alabama Mortgage Lender

Getting your dream house in Huntsville starts with pre-qualification and pre-approval. Capital Home Mortgage can help in both instances. 

Our mortgage experts will work with you to quickly get these steps out of the way so you can begin your house hunting in earnest. Once you’ve found the perfect home for you, we’ll help you find the right Huntsville home loan program for your needs. 

As a full-service, direct mortgage lender, we handle all aspects of the loan process, allowing for quicker processing, flexible underwriting, and comparatively lower fees. 

Get A Home Loan In Huntsville

At Capital Home Mortgage, we understand how stressful the home loan process can be, especially for first-time homebuyers. Rest assured that you can expect a more streamlined process from start to finish with us. 

Find the right home loan in Huntsville, Alabama, today. Get started by calling our loan officers at (205) 352-1030

Thank you again for your interest in Capital Home Mortgage Huntsville, and we look forward to providing your next home loan.

Why Huntsville is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Huntsville Rates / Low Fees

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Huntsville Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Huntsville Mortgage Rates

Capital Home Mortgage Huntsville is dedicated to offering Great Huntsville Mortgage Rates. 

Call now to speak with a Loan Officer or request a no obligation custom rate quote.

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

Alabama Huntsville Mortgage Loans

Huntsville Home Purchases

Buying an Huntsville Home?

  • Primary, 2nd, Investment
  • Low Rates & Low Fees
  • Conventional, FHA, VA, USDA
  • Jumbo, Reno, Manufactured

Huntsville Renovation Home Loans

Huntsville Rehab Loans

  • Remodel, Renovate, Repair
  • FHA 203K Streamline or Full
  • Fannie Mae Homestyle Reno
  • Freddie Mac Choice Reno

Huntsville FHA Home Loans

1st Time Huntsville Homebuyers

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores Allowed

Huntsville VA Home Loans

100% Loans for Huntsville Veterans

  • Simply Qualifying
  • No Down Payments 
  • Lower Credit Scores Allowed
  • Manual Underwriting Allowed

Huntsville Conventional Home Loans

Flexibility for Huntsville Buyers

  • Primary, 2nd, Investment
  • Great Rates & Low Fees 
  • Single and Multi-Family
  • Renovation Loan Programs

Huntsville Jumbo Home Loans

Great Huntsville Rates

  • Primary & 2nd Homes
  • Higher Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Huntsville USDA Home Loans

Huntsville Rural Properties

  • Rural Properties Only
  • Primary Residence Only
  • New Manufactured Homes
  • Closing Costs Can Be Rolled In

Huntsville Native American Loans

Huntsville HUD 184 Loans

  • Primary Residence Only
  • Manual Underwrite All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Huntsville Manufactured Home Loans

Huntsville Mobile Home Loans

  • Purchase or Refinance
  • New Home Purchase
  • OTC Combo Land & Home
  • FHA, VA, USDA, & HUD 184

Huntsville Reverse Mortgages

Your Huntsville Home at Work

  • Primary Residence Only
  • Simple Qualifying
  • Credit Scores Not Applicable
  • Minimum Age 62

Huntsville Cash Out Refinance

Huntsville Equity Refinance

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Huntsville Mortgage Refinance

Huntsville Rate & Term Refinance

  • Purchase, Refi & Cash-out
  • Primary, 2nd & Investment
  • Full Doc & Alt Doc Programs
  • Corporations OK

Alabama Huntsville Mortgage Team

Dale Gremillion

Managing Director
NMLS 210325

Kelvin Thompson

Loan Officer
NMLS 2050042

Amy Bird

Loan Officer
NMLS 169849

Cristina Roca

Loan Officer
NMLS 1926089

Huntsville Mortgage Company Reviews

Alabama Cities

Birmingham Home Loans

Montgomery Home Loans

Mobile Home Loans

Huntsville Home Loans

Tuscaloosa Home Loans

Hoover Home Loans