Home Loans In Montgomery, Alabama 

Welcome to Capital Home Mortgage Montgomery. Situated along the famous Alabama River, the capital city of Montgomery is home to bustling urban areas and diverse neighborhoods. It also boasts thriving arts and entertainment scene and several educational institutions. 

According to the Alabama Center for Real Estate, the market remains competitive in Montgomery’s housing situation. This makes it one of the more attractive cities in Alabama for people to own property. 

Are you planning on buying a home in Montgomery, Alabama?

Capital Home Mortgage can help you with your home financing needs. We offer a wide selection of Montgomery home loans to meet different borrowers’ needs. We understand that applying for a home loan can be complex, especially your first time. Check out our best tips for streamlining the process.

4 Tips For A Simpler Home-Buying Process

1. Get Your Finances In Order 

Buying a house is a huge undertaking, so you need to be sure that your finances can take the impact without affecting your other current obligations. 

One particular thing you’ll want to pay attention to is your credit report. Mortgage lenders will want to see a favorable credit score before evaluating a loan application. The higher the score, the better your chances of landing a loan with favorable terms. 

2.  Understand Your Loan Options

Home loans vary across several parameters. For example, Jumbo home loans are specifically for financing high-worth properties, whereas VA home loans are only available to U.S. veterans (active and retired). 

The eligibility requirements for each type of home loan differ vastly too. It’s essential to understand your options and find the right one to meet your home buying requirements. You can visit our Loan Programs page to learn more. 

3. Prep Your Documents For Pre-Approval 

Mortgage pre-approval means that you’ve found a reliable mortgage lender, and they have acknowledged in writing that you have met the preliminary requirements necessary to submit a loan application. 

Of course, pre-approval does not automatically guarantee loan approval, but it is a critical step in the overall process. Many home sellers will not entertain offers from potential homebuyers who have not yet been pre-approved for a mortgage. The usual documents to prep for pre-approval include: 

• Recent 30-day paycheck stubs;
• Last two years’ W2s, 1099s, etc.
• Last two months’ bank statements
• Identification documents 

4. Look Out For Additional Costs 

Buying a home typically comes with additional costs that may or may not be covered by the loan amount. Mostly, these are costs associated with closing the sale — home inspection fees, property taxes, deed title insurance, homeowner association dues, and more. 

The seller may help offset some of these costs in some cases by seller concessions, but it’s important to be prepared for them nonetheless. 

Montgomery Alabama Mortgage Lender

At Capital Home Mortgage, we’re all about making your home buying experience as hassle-free as possible. As a direct Montgomery mortgage lender, we control the home loan process from application to funding. This means we’re able to offer competitive rates, quicker approvals, and lower fees. 

Whether this is your first time getting a home loan or your tenth, expect Capital Home Mortgage to provide excellent customer service every step of the way. 

Find The Right Home Loan In Montgomery

In Montgomery, Alabama, your journey to homeownership begins with a simple phone call. Contact us at (205) 352-1030 to speak with our experienced loan officers about your home loan needs. We look forward to providing you with your next Montgomery mortgage loan.