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Tuscaloosa Alabama Mortgage Lender

Home Loans In Tuscaloosa, Alabama 

Charming Tuscaloosa is Alabama’s fifth-largest city. It is also the center of industry, commerce, healthcare, and education in West Alabama. With new attractions and spaces rising in Tuscaloosa, current and future residents can look forward to a better quality of life in the city. 

If you’ve been planning on buying a home in Tuscaloosa, one of the first things to consider is how to secure the right home loan to finance the purchase. 

One of the primary requirements for obtaining a mortgage loan is employment. Let’s walk you through these employment requirements and how they affect your Tuscaloosa home loan application.

Employment Requirements for a Mortgage

Employment is a considerable requirement among lenders because it demonstrates your ability to repay the loan. By looking into your employment details, they’ll get an idea of how much you earn and whether it’s enough to cover your monthly repayments, in addition to your other expenses and debt obligations. 

The primary consideration is the length of employment. Generally speaking, borrowers should have two (2) years of verifiable employment before they can qualify for a home loan. However, lenders tend to have their policies and requirements concerning the length of work. 

Under certain circumstances, some lenders may be willing to consider loan applications from borrowers who don’t meet the two-year employment requirement. These include: 

High-earning Positions

Say you’ve been working less than a year in a company. Because of your outstanding performance, you’ve been promoted to manager or supervisor of a department. You might not need to have worked for at least two years before applying for a home loan.

Mixed-income Earners

Individuals who earn compensation and business income are called mixed-income earners. The two-year requirement is always required if you’re earning income from multiple sources. Submitting business tax returns and employment tax returns can be proof of income. You can combine your income to qualify for a higher loan amount. 

Self-employed Individuals

If you’re an independent contractor or self-employed worker who accepts project-based or commission-based jobs, lenders will typically require two years of steady self-employment. Some lenders may make exceptions of at least one year of steady self-employment if you can provide proof of income stability.

Tuscaloosa, Alabama Mortgage Lender 

Steady employment and stable income are significant factors considered in a loan application. However, mortgage requirements aren’t set in stone. At Capital Home Mortgage, Our Tuscaloosa mortgage experts can assist you with concerns about your employment history. 

Capital Home Mortgage is a direct mortgage lender, meaning we control the loan process, from application to funding. We also offer on-time proper approvals, competitive interest rates, and a hassle-free application process so you can get more value from your loan. 

Get A Home Loan In Tuscaloosa

Whether it’s a Conventional loan or a government-insured FHA loan, or even a Jumbo loan, Capital Home Mortgage Tuscaloosa can help you find the perfect home loan program for your needs. 

Get started today by calling (205) 352-1030 for a free and no-obligation quote for your loan.

Why Tuscaloosa is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Tuscaloosa Rates / Low Fees

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Tuscaloosa Customer Service

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

Tuscaloosa Mortgage Rates

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

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

Tuscaloosa Alabama Mortgage Loans

Tuscaloosa Home Purchases

Buying a Tuscaloosa Home?

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

Tuscaloosa Renovation Home Loans

Tuscaloosa Rehab Loans

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

Tuscaloosa FHA Home Loans

1st Time Tuscaloosa Homebuyers

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores – Down to 500

Tuscaloosa VA Home Loans

100% Loans for Tuscaloosa Veterans

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Credit Scores Down to 500
  • Manual Underwriting Allowed

Tuscaloosa Conventional Home Loans

Flexibility for Alabama Buyers

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

Tuscaloosa Jumbo Home Loans

Great Alabama Rates

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

Tuscaloosa USDA Home Loans

Tuscaloosa Rural Properties

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

Tuscaloosa Native American Loans

Tuscaloosa HUD 184 Loans

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

Tuscaloosa Manufactured Home Loans

Tuscaloosa Mobile Home Loans

  • Existing Purchase or Refinance
  • One Time Close Combo Land & Home
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

Tuscaloosa Reverse Mortgages

Your Tuscaloosa Home at Work

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

Tuscaloosa Cash Out Refinance

Tuscaloosa Equity Refinance

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Debt Consolidation
  • Streamline Options Available

Tuscaloosa Mortgage Refinance

Tuscaloosa Rate & Term Refinance

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Tuscaloosa 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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