Capital Home Mortgage Tuscaloosa

Tuscaloosa Native American Home Loans

Native American Mortgage Lender Tuscaloosa Alabama

Native American Home Loan Tuscaloosa Alabama

The Section 184 Indian Home Loan Guarantee program is a home loan product for federally recognized tribal members, tribes, and tribally designated housing entities. Eligible borrowers include American Indians, Alaska Natives, Tribes, Indian Housing Authorities, and Regional or Village Corporations formed under the Alaska Native Claims Settlement Act. The HUD Native American Home Loan can be used to fund new construction, renovation, the purchase of an existing home, and refinancing, including cash-out refinancing.

HUD Section 184 Eligibility Requirements

Credit

No minimum credit score is necessary to qualify for the program. However, the borrower must always be creditworthy. Alternative credit is permitted but not in place of traditional credit. Borrowers must demonstrate a track record of meeting financial obligations per their borrower’s credit report. The payment of all liens, collections, and judgments is required. All accounts must have on-time payments for the past year.

Down Payment

A 2.25 percent down payment will be required based on the lesser of the home’s appraised worth or its purchase price, Loans under $50,000 demand a 1.25 percent down payment.

Income and DTI Ratio

A debt-to-income ratio of 41% is required, which can be higher if there are other compensating factors to make up for it. This means that your mortgage payment and other debts (such as personal loans, auto loans, student loans, credit cards, etc.) can’t take up more than 41% of your gross monthly income. So, if you have a lot of debt, you will have less money left to pay your mortgage.

Property

The property being acquired must comply with lending requirements. The lender will send an appraiser to verify the condition and value of the property to be purchased; the lot must also be subject to site control.

Tribal Affiliation

The borrower must present proof of membership in a federally recognized Indian tribe. The tribe/corporation determines who is a member and how membership is documented. The tribe/corporation usually gives members a membership card. To verify eligibility, the borrower must provide a copy of their membership card.

Apply For Tuscaloosa HUD Section 184 Home Loan

If you belong to a Native American tribe and believe you qualify for a Section 184 loan, Capital Home Mortgage Tuscaloosa may be able to assist you. Call (205) 352-1030 to speak with a Home Loan Specialist on Tuscaloosa Native American Home Loans.

Why Tuscaloosa 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

Tuscaloosa Alabama 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

Tuscaloosa Native American Purchase Loans

HUD 184 Home Loans are solely for Native Americans and offer a variety of purchase benefits.

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

Purchase an Existing Home
Construction of a New Home
Rehab an Existing Home
Purchase / Rehab Combo Loan

Tuscaloosa Native American REfinance Loans

HUD 184 Refinance Home Loans can streamline rate & term, equity cash-out, or Rehabilitation of current residence.

CAsh-Out or Renovation

Appraisal Required
97.75% Max LTV for Rehab
85% Max LTV for Cash-out
County Loan Limits Apply

Streamline REfinance

HUD 184 to HUD 184
No Income Qualification
No Appraisal Required
No Mortgage Lates in Last Year

Tuscaloosa Alabama Native American Mortgage Team

Dale Gremillion

Manager / Sr Loan Officer

NMLS 210325

Conor Hayhurst

Manager / Sr Loan Officer

NMLS 743506

Brad Rund

Director Native American Lending

Director Manufactured Housing

Tuscaloosa Mortgage Programs

Tuscaloosa Home Purchase loans

Looking to Purchase a Tuscaloosa Home?

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

Primary, 2nd Home, Investment
Low Rates & Fees, No fee Options
FHA, VA, USDA, Native American
Conventional, Jumbo & Renovation
Manufactured, Construction, Reverse

Tuscaloosa Renovation Home Loans

Looking to Rehab a Tuscaloosa Home?

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

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

Tuscaloosa FHA Home loans

Great 1st Time Tuscaloosa 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 Payments
Flexible Underwriting Guidelines
Higher Debt to Income Allowed
Lower Credit Scores – Down to 500
Down Payment Gifts Allowed

Tuscaloosa va Home Loans

100% Financing for Tuscaloosa Vets

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

No Mortgage Loan Limits
Simple Qualifying
Higher Debt to Income Allowed
Lower Credit Scores – Down to 500
Manual Underwriting Allowed

Tuscaloosa Conventional Home loans

Flexibility for Tuscaloosa 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 Properties
Single and Multi-Family Properties
Variable Mortgage Insurance Options
Low Rates & a Variety of Mortgage Terms
Renovation Programs Available

Tuscaloosa Jumbo Home Loans

Tuscaloosa Non-Confirming Home Loans

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

Primary & 2nd Homes
Variety of Mortgage Programs
Simple Qualifying for Veterans
Investor Specific Guidelines
Credit Score Minimums

Tuscaloosa USDA Home loans

100% Rural Tuscaloosa 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.

Primary Residences
No Down Payment Required
New Manufactured Homes Allowed
Closing Costs / Repairs Rolled In
Geographic and Income Limits Apply

Tuscaloosa Native american Home Loans

Tuscaloosa 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
Purchase, Refinance, and Renovation

Tuscaloosa Manufactured Home loans

Great Alternative Tuscaloosa 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
New Construction
One Time Close Land/Home Combo
Lock at Contract
FHA, VA, USDA, Native American

Tuscaloosa Reverse Mortgage Loans

Your Tuscaloosa 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
No Credit Score Requirements
Minimum Age 62
Purchase, Refinance, and Cash-Out

Tuscaloosa Non QM Home loans

Making Tuscaloosa Mortgages Possible

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

Purchase, Refinance & Cash-out
Primary, Secondary, Investment Properties
Full Doc Programs
Alt Doc Programs
Corporations OK

Tuscaloosa One Time Close Home Loans

Build Your Tuscaloosa 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 Residences Only
One Time Close
Lock Rate at Closing
Traditional Final Mortgages
No Payments During Construction

Tuscaloosa Refinance Mortgage loans

Tuscaloosa 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.

Lower Monthly Payment
Shorten Mortgage Term
Streamline Options Available
Appraisal Waivers Allowed
VA IRRRL’s

Tuscaloosa Cashout Mortgage Loans

Tuscaloosa 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
Dream Vacation
Higher Education