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Home Loans In Tuscaloosa Alabama 

Charming 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 HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Control of the Loan from Application to Funding

Great Rates & Low Fees

Direct Lender Providing Competitive Rates and Low Fees

Exceptional Customer Service

7  Day a Week Support Application to Final Mortgage Payment

Tuscaloosa Alaska 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 the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Alabama Mortgage Programs

Alabama Home Purchase

Thinking of Buying an Alabama Home?

Looking to Purchase a Home? We have the loan for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Alabama renovation home loans

Looking to Rehab an Alabama Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Alabama FHA Home Loans

Great for 1st Time Alabama Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

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

Alabama VA Home Loans

100% Financing for Alabama Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Alabama Conventional Home Loans

Flexibility for Alabama Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

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

Alabama Jumbo Home Loans

Alabama Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

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

Alabama USDA Home Loans

100% Rural Alabama Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Alabama Native American Home Loans

Alabama HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

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

Alabama Manufactured Home Loans

Great Alternative Alabama Housing

Manufactured Home Loans offer options to purchase an existing residence or build your dream home on your own land. Call today to speak to a Loan Officer.

  • Existing Purchase or Refinance
  • OTC Land/ Home Combo
  • Lock Rate Before Completion
  • FHA, VA, USDA, & Native Loans

Alabama reverse mortgages

Your Alabama Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Alabama Non QM Home Loans

Making Alabama Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

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

Alabama One Time Close mortgages

Build Your Alabama Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Alabama Refinance Mortgage Loans

Alabama Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

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

Alabama Cash-out Home mortgages

Alabama Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Tuscaloosa Alaska Mortgage Team

Dale Gremillion

NMLS 210325

Brad Rund

Director Native American Lending
Director Manufactured Housing

Conor Hayhurst

NMLS 743506

Kathy Rubin

Sr Loan Officer
NMLS 204449

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