Mortgage Birmingham Alabama -- Alabama Home Mortgage Lending, Inc.

FHA Mortgages

An FHA Loan is a loan that is insured by the Federal Housing Administration, a division of the Department of Housing and Urban Development.

FHA loans encourage lenders to make more loans to homebuyers who might otherwise not qualify for home financing.

What this means to you is more flexible credit guidelines.

Check below to see if you meet any of the criteria outlined:

Good credit for the last 12 months - previous credit problems are usually not an issue.
Currently in Chapter 13 bankruptcy (Debtor's Court) and paying on time.
Chapter 7 bankruptcy discharged at least 2 years ago.

In addition to being very forgiving with credit, an FHA loan entitles you to shop for a home up to the area's market limit, and there is no income limitation requirement.

Other benefits of an FHA loan are...

Market rate loans.
All closing costs can be paid for by the seller.
Only 3% down payment from borrower.
Down payment can be a gift from a relative.
Portion of closing costs can be financed by the borrower.

Alabama Home Mortgage Lending is a licensed mortgage broker for all types of mortgage loans in the state of Alabama. AHML is a long time affiliate of the Alabama Mortgage Brokers Association, Mortgage Banking Association, Better Business Bureau, and The Birmingham Board of Realtors.

We work to get you the best available rate. Our qualification process is simple and fast...we can usually close within 10-15 days!

Fill out our easy online loan application and we will contact you to begin processing your loan right away!

Other mortgage questions? Contact Alabama Home Mortgage Lending, Inc.

1957 Hoover Court, Suite 314 • Birmingham, AL 35226 • phone: 205-933-1800 • fax: 205-933-0709