Capital Home Mortgage Mobile

Mobile Home Loans

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Mobile Alabama Mortgage Lender

Home Loans In Mobile, Alabama 

Welcome to Capital Home Mortgage Mobile. Set along the Gulf of Mexico and north of Mobile Bay, Mobile is a historic city with new experiences to offer. In addition to housing the only saltwater port in the state of Alabama, Mobile is the origin city of the oldest organized Mardi Gras celebrations in the U.S. 

The real estate market here is quite active too. Mobile was ranked the 4th best city to live in Alabama

Are you planning to buy a home in Mobile, Alabama? Let’s walk you through the house buying timeline to know what to expect. 

4 Stages Of Buying A House In Mobile

1. Get A Mortgage Pre-Approval 

Getting pre-approved for a home loan is the first step for serious home buyers. 

Your mortgage lender will conduct a detailed check on your financial information, including a hard credit pull. This is when the lender formally requests to look at your credit file to determine your creditworthiness as a borrower. 

If they like what they see and you meet the other loan eligibility requirements, they’ll issue a letter detailing your pre-approval status and the loan amount they’re willing to offer. 

Your pre-approval letter is essential because it tells home sellers and agents that you won’t have trouble raising the needed funds for the purchase should they decide to sell the house to you. 

2. Go House Hunting

Armed with your pre-approval letter, you’re now ready to check out what the market has to offer. Consider many factors, especially since you might spend the next 10 to 30 years paying for the house. You can’t afford to get a property that will lead to buyer’s remorse down the line. 

An excellent way to save time in this step is to work with a real estate agent. You just let them know what you’re looking for in a property and how much you can afford. They’ll do the legwork and match you with a house that meets those parameters. 

3. Make Your Offer 

If you’ve found the right home, the next step is to submit your offer. Expect lots of negotiations at this stage. If you’re working with an agent, they can help with the necessary paperwork and can even handle negotiations on your behalf. 

You’ll want to start with a firm offer, so it immediately stands out to the seller. This is particularly useful if the house has attracted a lot of buyers and the seller has multiple offers on hand. 

4. Closing 

After successful negotiations with the seller, your lender will finalize your loan details and determine if your application is approved or rejected. 

If approved, you’ll proceed to the closing process with the lender. They will inform you of the final terms of the loan, as well as the closing costs to be paid. Once concluded, you’ll sign the necessary papers and take control of your new property. 

Mobile, Alabama Mortgage Lender

As you can see from the above timeline, the lender plays a vital role in the home buying process. That’s why it’s crucial to choose a tried and proven Mobile mortgage lender. 

At Capital Home Mortgage Mobile, we are committed to providing a seamless home buying experience. We offer many home loan programs in Mobile, including FHA, VA, Conventional, USDA, HUD 184, and Jumbo home loans. 

Capital Home Mortgage is a direct mortgage lender meaning we control the entire home loan process. This way, we’re able to make decisions faster regarding loan applications and offer competitive interest rates for borrowers. 

Get In Touch With Our Home Loan Experts

Let us help you get the right home financing for your needs today. Give us a call at (205) 352-1030 to speak with our home loan experts in Mobile, Alabama. We look forward to working with you and providing your next Mobile home loan. 

Why Mobile is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Mobile Rates / Low Fees

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Mobile Customer Service

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

Mobile Mortgage Rates

Capital Home Mortgage Mobile is dedicated to offering Great Mobile 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

Mobile Alabama Mortgage Loans

Mobile Home Purchases

Buying a Mobile Home?

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

Mobile Renovation Home Loans

Mobile Rehab Loans

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

Mobile FHA Home Loans

1st Time Mobile Homebuyers

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

Mobile VA Home Loans

100% Loans for Mobile Veterans

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

Mobile Conventional Home Loans

Flexibility for Mobile Buyers

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

Mobile Jumbo Home Loans

Great Mobile Rates

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

Mobile USDA Home Loans

Mobile Rural Properties

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

Mobile Native American Loans

Mobile HUD 184 Loans

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

Mobile Manufactured Home Loans

Mobile Manu Home Loans

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

Mobile Reverse Mortgages

Your Mobile Home at Work

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

Mobile Cash Out Refinance

Mobile Equity Refinance

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

Mobile Mortgage Refinance

Mobile Rate & Term Refinance

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

Mobile Alabama 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

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