huntsville mortgage loans

 

In a large part, Huntsville Alabama real estate market has weathered the mortgage foreclosures storms that are now raking and riving the nation. Even in other parts of Alabama, like in Jefferson County, whose financial center is Birmingham, the situation is dire. The county is now considering on filing bankruptcy to settle a financial crisis surrounding $3.2 billion of sewer debt.

In the Huntsville / Madison county area, however, housing prices have steadily appreciated, but not with a balloon effect like in other parts of the country, such as in California, which tellingly suffered, and is still suffering from the real estate crisis. In the last quarter of 2007 one of every 194 homes, or 0.52 percent, in the U.S. was facing foreclosure, according to real estate industry figures. In Madison County, it was one of every 1,758 homes, or 0.06 percent.

Huntsville in a strong housing market means sound Huntsville mortgage loans are available and Huntsville mortgage lenders attest that good loans are available for houses in Huntsville area. With the anticipation of the BRAC Huntsville effect, the increase in business from Huntsville Research Park (the second largest of its kind in the nation), and industrial development like the Toyota car manufacturing plant housing demand has remained strong and consistent.

These factors have created a buyer's market. Mortgage loans are readily available for those who qualify. Rates are low (ranging from an average of 5.7 to 6.5 percent in Alabama) to help the economy and housing market improve in general, and Huntsville real estate professionals are urging prospective buyers that now is the right time to buy.

"I don't think we should be concerned with the activity we are experiencing in this area," says Lofton, manager of New South Federal Savings Bank in Huntsville. "I think we are still in a buyer's market, but we all know that can turn around quickly. I think building a home now would be smart and timely."

The primary factor in any loan is your credit score. A good credit score (700 and up) will likely qualify you for a conforming loan and a lower interest rate with better options. New technology and a host of financial options make it easier for people with good credit to apply and receive an Alabama mortgage fast. Software allows them to enter a loan amount, house price and credit score into a manifold of programs that can qualify you for a loan. An immense portfolio of loan products is readily available.

If you are thinking about a home in Huntsville Alabama, but you are worried about your credit score, some Huntsville banks are issuing FHA loans for customers with credit glitches that result in lower credit scores. In addition, the interest is affordable given that interest rates are gyrating around 6 percent and construction cost easing, NOW is the time to purchase your dream home.

Most Alabama mortgage loans are underwritten in conjunction with the Alabama Housing Finance Authority and many banks offer 100 percent financing – no down payment - and a 30-year fixed rate mortgage. People in a low- to medium-income bracket can qualify for these loans, making it feasible for them to own a home.

If you live in Huntsville or are considering relocating to the area, now is the right time to purchase your Huntsville home. For more information on Huntsville Alabama real estate market visit www.huntsvillepr.com  or Visit www.alabamasmortgage.com  for more Alabama mortgage information

INSTITUTION	Conv. 30-year fixed Rate/points	Conv. 15-year fixed Rate/points	5-Year ARM Rate/points	Yearly cap Lifetime cap	FHA Rate/pnts 30yr	VA Rate/pnts 30yr	Last Update
MAGELLAN MORTGAGE SERVICES,INC (256) 288-0288 CLAY WILKINSON,MANAGER / 256-288-0288 Betsy Jarrett, Sr Loan Officer / 256-509-4945 Tonia Owens, Loan officer / 256-679-8538 Betsy Jarrett ,Sr Loan Officer / 256-288-0288	5.75/0	5.25/0	5.375/0	2/5	NA/NA	5.75/0	06-May-2008 11:28:44 AM
Featured Loan Program: PRE-APPROVAL@WWW.MAGELLANMORTGAGE.COM (no fee), Serving YOU since 1990; Superior Construction/Perm long term lock options * * YOUR RELOCATION SPECIALIST* Ask about No PMI option* First-time buyer Programs* Some Rates based on 200K loan.
1ST METROPOLITAN MORTAGE (256) 713-2000 JOHN TATE / (256) 713-2000	5.75/0	5.375/0	5.375/0	2/5	5.75/0	6.0/0	06-May-2008 11:28:27 AM
Featured Loan Program: John H. Tate served N. AL since 1994. Short on cash? Ask John about the No Closing Cost option. Call to see if you qualify for $5000 to be used toward your downpayment and closing costs. John is a trained/certified FHA & VA Specialist, since 1998.
PROGRESS BANK (256) 319-3630 KIM CAPPAERT / (256) 319-3626 Jeanette Lowe / 256-319-3624 Mona Robinson / 256-319-3627 Tina George-Dubach / 256-280-9161	5.75/0	5.25/0	NA/NA	2/5	5.75/0	5.75/0	06-May-2008 10:29:06 AM
Featured Loan Program: Local Underwriting! Local Processing! Local Closing! Free Prequalification!
SERVIS FIRST BANK (256) 722-7821 CINDY LEBLANC / (256) 722-7821 Sheree Moore / 256-679-5110	5.75/0	5.25/0	5.625/0	2/5	5.75/0	5.75/0	06-May-2008 10:21:28 AM
Featured Loan Program: Rates based on credit scores.
RENASANT BANK (256) 382-2828 JENNIFER JONES, MANAGER/LO / 256-382-2828 Julie Davis, Loan Officer / 256-476-0391 Brandi McEwen, Loan Officer / 256-520-0225 Leslie Curtis, Loan Officer / 256-479-4104 / /	5.75/0	5.25/0	5.125/0	2/5	5.75/0	5.75/0	06-May-2008 10:07:11 AM
Featured Loan Program: ***ASK US ABOUT OUR -NO CLOSING COST- REFINANCE LOAN***
REAL ESTATE LENDING INC (256) 536-5603 DEBBIE WHORTON / (256) 797-7698 Debbie Whorton / 256-797-7698 Kelli Karnes / 256-656-4316 Pat Allen / 256-656-1215	5.75/0	5.25/0	5.25/0	2/6	5.75/0	5.75/0	06-May-2008 9:52:54 AM
Featured Loan Program: Most of us offer the same loan programs with similiar rates. Our experience and knowledge will guarantee you chose the best loan program, get the lowest rate and closing costs. Call us before making a final decision.
First American Bank 256-382-4560 MELANIE MULLINS / 256-508-3083 Martha Bishop / 256-679-7216 Vicki Brown / 256-656-4326 Ethel Carter / 256-520-4853 Sam Hepburn / 256-797-8828 Elaine Maxey / 256-227-4822 Tammy McCurry / 256-337-3175 Clint Northcutt / 256-303-5149 Tammy Parvin / 256-348-6538 Brian Paulus / 256-457-5822 Kylie Shannon / 256-797-1957 Kristi Tapscott / 256-303-2833 Ben Wilson / 256-508-5055	5.750/0	5.375/0	5.500/0	2/5	5.750/0	5.750/0	06-May-2008 9:47:25 AM
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COUNTRYWIDE HOME LOANS (256) 519-2802 KRISTIE PHILLIPS / 256-535-4700 Susan Loper-Branch Manager / 256-658-3095 Sharon Andrews / 256-509-5626 Kristin Ardal / 256-655-0837 Kelly Stults / 256-509-2037 Jennifer Blankenship / 256-426-9291 Misty Anderson / 256-990-1956 Cami Felix / 256-797-5761 Shannon Fortner / 256-755-0156 Toni Roberts / 256-227-1617 Theresa Leslie / 256-337-9636 Jeff Walczak / 256-714-8464 Brent Daniel / 256-468-5867 Bonita Payne / 256-683-2094 Karla Reagin-Young / 256-651-2145 Teresa Schmitt / 256-651-6574 Valerie Wilkerson / 256-655-5494	5.75/0	5.375/0	4.75/0	2/5	5.875/0	5.875/0	06-May-2008 9:45:48 AM
Featured Loan Program: Call today to find out more information on our no MI options up to 97%!! Rates above based on purchase money transactions.
COLONIAL BANK 551-4884 JENNIFER TAYLOR / 256-551-4761 / Linda Shockley / 256-551-4762 /	5.75/0	5.25/0	5.125/0	2/5	5.625/0	5.75/0	06-May-2008 9:31:22 AM
Featured Loan Program: We're your First Time Buyer and Rural Housing specialists! Yes, we have construction / perms for new construction! Rates quoted are based on strong credit. Call today for your free pre-approval!
SOUTH BANK / 256-519-3257 Ginny Terry, Mortgage Expert / 256-519-3241 / Sam Moss, Mortgage Expert / 256-213-4804 /	5.625/ 0	5.25/ 0	5.125/0	2/5	5.50/ 0	5.50/ 0	06-May-2008 9:26:20 AM
Featured Loan Program: We're your VA & FHA Loan Specialists & Relocation Experts! 100% Fin & Rural Housing loans available. In-house processing, u/w & closing! 1st time homeowners welcome! Free Pre-approval before you shop! Trust SOUTHBank, your local Mortgage Leader!
REDSTONE FEDERAL CREDIT UNION 882-8500 / Sharleen Kinch / (256)882-8510 Elizabeth Braman / (256)882-8503 Donna Hutton / (256)882-8512 Melinda Langston / (256)882-8505 Tammy Mahaffey / (256)882-8525 /	5.750/0	5.250/0	5.125/0	2/5	NA/NA	NA/NA	06-May-2008 9:02:29 AM
Featured Loan Program: .5% Origination fee on 1yr,10-1,7-1,and 5-1ARMs**Up to 90% financing on lot loans**Zero down terms available
CHARIS MORTGAGE CORPORATION (256) 885-4044 ANNAS AYTCH / (256) 885-4044 Rosemary Aytch / 256-885-4045 Bill Allen / 256-489-4067 Annas Aytch / 256-885-4044	5.625/NA	5.250/NA	NA/NA	NA/NA	5.625/NA	NA/NA	05-May-2008 12:19:50 PM
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BANCORP SOUTH MORTGAGE (256) 564-8460 BETTY KITCHENS / 256-564-8461	5.75/0	5.375/0	5.00/0	2/5	5.625/0	5.625/0	02-May-2008 10:53:17 AM
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NEW SOUTH FEDERAL SAVINGS 256-539-9538 KAREN BLOMEYER / 256-539-9538 Dorthy Lofton, Branch Manager / 256-656-4980 Pat Sigle, Loan Officer / 256-508-2904 Nancy Hinger, Loan Officer / 256-508-1819 Karen Blomeyer, Loan Officer / 256-656-0320 Charlie Thorne, Loan Officer / 256-652-7449	5.625/0	5.25/0	NA/0	NA/NA	5.875/0	5.875/0	01-May-2008 9:32:00 AM
Featured Loan Program: 97% Successful Reward no PMI. Local Processing and underwriting. 100% FHA thru AHFA 5.875%