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Alabama FHA Loans
The Mortgage Link offers FHA home loans to home buyers and homeowners throughout the State of Alabama. With down payments starting as low as 3.5% and less restrictive credit requirements, FHA loans are a popular solution for both first-time home buyers and repeat buyers. FHA mortgages are also a popular refinance solution as they allow for a higher loan-to-value and cash-out limits when compared to many conventional loan products.
From Huntsville down to Mobile and Tuscaloosa across the state to Auburn, we’ve got your FHA financing covered. Give us a call for a free quote and home loan consultation and see if an FHA loan is the right choice for your home purchase or refinance in Alabama.
Call Us today at (205) 495-0313
Why Consider an FHA Loan?
- 3.5% down payment
- Qualified gifted funds are allowed
- Up to 6% seller paid closing cost
- Primary residence only
- DTI may exceed 50% on case by case basis
- No area restrictions
- No trade lines requirements
- Requires upfront and monthly mortgage insurance
- Maximum loan limits depend on county stipulations
- Additional Terms and Conditional will apply
We welcome your questions about Alabama FHA loans or any other home financing options. Give us a call today for a free quote and consultation.