Capital Home Mortgage Tuscaloosa

Tuscaloosa USDA Home Loans

USDA Mortgage Lender Tuscaloosa

USDA Home Loans Tuscaloosa

How do USDA home loans operate in the state of Alabama, and do you qualify? Following is an explanation of USDA loans and how they can help you acquire a property.

What is a Tuscaloosa USDA Home Loan?

A USDA home loan is a mortgage with no down payment for homebuyers in qualified rural and suburban locations. The Rural Development Guaranteed Housing Loan Program of the U.S. Department of Agriculture guarantees USDA loans. The United States Department of Agriculture (USDA) offers two types of single-family rural housing loans: Direct and Guaranteed.

USDA Guaranteed Home Loan

The Single-family home Guaranteed Loan Program assists low- and moderate-income individuals and families in securing finance by providing loan guarantees in the event of future default. The USDA Guaranteed Loan Program aids qualified lenders in giving low- and moderate-income households in qualifying rural areas the chance to own adequate, modest, decent, safe, and sanitary primary residences. 100% financing is available to eligible applicants for purchasing, construction, rehabilitation, improvement, or relocation of a home in an approved rural area. The program gives a 90% loan note guarantee to approved lenders to reduce the risk of granting 100% loans to qualifying rural homebuyers — meaning there is no down payment required!

USDA Direct Home Loan

This program helps low- and very-low-income applicants obtain good, safe, and sanitary housing in designated rural areas by increasing their ability to repay their mortgage loans. Payment assistance is a subsidy that temporarily cuts mortgage payments. The amount of aid is determined by the family’s income after adjustments. Individuals and families can apply directly through their local USDA Rural Development Office. The property must be located in an appropriate rural location to qualify for a USDA home loan. Suppose you’ve already identified a property you’re interested in acquiring. In that case, you can visit the Property Eligibility page on the United States Department of Agriculture’s website to discover whether the property qualifies.

How To Qualify For Tuscaloosa USDA Home Loan

To qualify for a USDA Home Loan in the state of Alabama, you must satisfy the following criteria: – Your adjusted income must be at or below the applicable low-income level for the area where you seek to purchase a home. – Show a willingness and capacity to repay debt – Lack of decent, secure, and sanitary housing – The property must be located in a rural region that qualifies. – Comply with USDA occupancy requirements. – The property’s physical condition must be satisfactory. In addition to meeting income standards and identifying a suitable property or area, you must also agree to occupy the home as your principal residence. USDA loans cannot be used to purchase an investment or a second home. To qualify, you must be unable to acquire traditional financing, but you must also demonstrate the ability to repay the loan. You must also be a citizen of the United States, a national of the United States who is not a citizen, or an eligible alien who has not been barred or suspended from participation in any government programs.

Apply For a Tuscaloosa USDA Loan

If you believe you qualify and wish to apply for a USDA loan, call (205) 352-1030 to speak with one of our USDA Home Loan Specialists or use the tools on this website to get started.

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 and 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 USDA Mortgage 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.

Guaranteed by US Depart of Agriculture
Rural Properties Only
100% Financing
No Restrictions on Seller Concessions
Low Monthly Mortgage Insurance
Acreage Up to 30% of Total Value
FHA/USDA Certified Appraisers only
Guarantee Fee May be Rolled In
New Manufactured Home Only

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