Capital Home Mortgage Mobile
mobile Alabama Mortgage Lender
Home Loans In Mobile Alabama
Welcome to Capital Home Mortgage Mobile at Premier Mortgage Resources. 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 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 Mobile 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 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
Mobile 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 mortgage Securities
- Property securing the mortgage
- occupancy of the property
- Loan to value of the property
- Borrower’s credit worthiness
Mobile Mortgage Programs
Mobile Home Purchase loans
Looking to Purchase a Mobile Home?
- Primary, 2nd Home, Investment
- Low Rates & Fees, No fee Options
- FHA, VA, USDA, Native American
- Conventional, Jumbo & Renovation
- Manufactured, Construction, Reverse
Mobile Renovation Home Loans
Looking to Rehab a Mobile Home?
- Remodel, Renovate or Repairs
- FHA 203K Streamline
- FHA Full Documentation Rehab
- Fannie Mae Homestyle Reno
- Freddie Mac Home Choice Reno
Mobile FHA Home loans
Great 1st Time Mobile Homebuyers
- Smaller Down Payments
- Flexible Underwriting Guidelines
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Down Payment Gifts Allowed
Mobile va Home Loans
100% Financing for Mobile Vets
- No Mortgage Loan Limits
- Simple Qualifying
- Higher Debt to Income Allowed
- Lower Credit Scores – Down to 500
- Manual Underwriting Allowed
Mobile Conventional Home loans
Flexibility for Mobile 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
Mobile Jumbo Home Loans
Mobile Non-Confirming Home Loans
- Primary & 2nd Homes
- Variety of Mortgage Programs
- Simple Qualifying for Veterans
- Investor Specific Guidelines
- Credit Score Minimums
Mobile USDA Home loans
100% Rural Mobile Home Loans
- Primary Residences
- No Down Payment Required
- New Manufactured Homes Allowed
- Closing Costs / Repairs Rolled In
- Geographic and Income Limits Apply
Mobile Native american Home Loans
Mobile Hud 184 Home Loans
- Primary Residence Only
- Manual Underwriting for All Loans
- No Credit Score Requirements
- Tribal Grants Allowed
- Purchase, Refinance, and Renovation
Mobile Manufactured Home loans
Great Alternative Mobile Housing
- Existing Purchase or Refinance
- New Construction
- One Time Close Land/Home Combo
- Lock at Contract
- FHA, VA, USDA, Native American
Mobile Reverse Mortgage Loans
Your Mobile Home at Work
- Primary Residence Only
- Simple Qualifying – Equity Based
- No Credit Score Requirements
- Minimum Age 62
- Purchase, Refinance, and Cash-Out
Mobile Non QM Home loans
Making Mobile Mortgages Possible
- Purchase, Refinance & Cash-out
- Primary, Secondary, Investment Properties
- Full Doc Programs
- Alt Doc Programs
- Corporations OK
Mobile One Time Close Home Loans
Build Your Mobile Dream Home
- Primary Residences Only
- One Time Close
- Lock Rate at Closing
- Traditional Final Mortgages
- No Payments During Construction
Mobile Refinance Mortgage loans
Mobile Rate & Term Refinance
- Lower Monthly Payment
- Shorten Mortgage Term
- Streamline Options Available
- Appraisal Waivers Allowed
- VA IRRRL’s
Mobile Cashout Mortgage Loans
Mobile Equity Mortgage Loans
- Debt Consolidation
- Investment Opportunities
- Home Improvement
- Dream Vacation
- Higher Education