Alabama Mortgage

Real Estate Lending Group
Recognized. Respected. Recommended.
(256) 536-5603 555 Sparkman Dr NW Ste 826
Huntsville, AL

Progressive Mortgage Group
Save on closing costs by applying online.
(256) 880-8603 2801 Governors Dr
Huntsville, AL

Allied Home Mortgage Capital Corp
(256) 308-9722 1314 6th Ave SE
Decatur, AL

Redstone Federal Credit Union
Our Members are our #1 Priority.
(256) 837-6110 220 Wynn Dr NW
Huntsville, AL

First Federal Mortgage
(256) 551-0123 1010 Airport Rd SW
Huntsville, AL

Mortgage America Inc
(256) 260-5700 Huntsville, AL

Premier Mortgage
(256) 382-1000 701 Pratt Ave NW
Huntsville, AL

Reliance Bank
www.reliancebanking.com Telephone Banking - 232-8835
(256) 232-1944 Huntsville, AL

Courtesy First Home Lenders Inc
(256) 216-0202 Huntsville, AL

1stusamortgageservice.com
Let 1stUsaMortgageService.com Be Your 1st Choice
(310) 715-2191 Huntsville, AL

L & D Financial
Home Building-Credit Repair-Home Loans-Business
(469) 272-3444 Huntsville, AL

Mortgage Lending Group Inc
100% Loans~ Reverse Mortgages~ FHA~ VA & Conventional~ One Day Out of ...
(256) 351-7740 2132 6th Ave SE
Decatur, AL

Mortgage America Inc
(256) 882-0233 2315 Market Pl SW
Huntsville, AL

Family Security Credit Union
(256) 340-2000 2204 Family Security Pl
Decatur, AL

American Family Insurance-Havener Donald
(636) 583-2008 301 Hwy 50 W
Union, MO

Mortgage - Countrywide®
No Closing Cost Refi. No Points. No Credit Report or Processing Fees.

Ditech® Mortgage Lending
Find Low Competitive Rates & Fees Buy a Home, Get Pre-Approved Today.


American General Financial Svc
(256) 533-3402 908 Memorial Pkwy NW # 1a
Huntsville, AL

American General Financial Svc
(256) 880-7280 700 Airport Rd SW
Huntsville, AL

Ameriquest Mortgage
(256) 536-3844 200 Clinton Ave W # 502
Huntsville, AL

Amsouth Bank
200 Clinton Ave W
Huntsville, AL

Apex Mortgage
(256) 489-2265 303 Williams Ave SW
Huntsville, AL

Apex Mortgage Brokers Inc
(256) 650-5152 3322 Memorial Pkwy SW # 618
Huntsville, AL

Arlington Capital Mortgage
(256) 533-6789 922 Merchants Walk SW
Huntsville, AL

Cendant Mortgage
(256) 650-0777
Huntsville, AL

Charis Group
(256) 885-4044 7531 Memorial Pkwy SW
Huntsville, AL

Citi Financial
(256) 881-2016 7501 Memorial Pkwy SW # 207
Huntsville, AL

Citi Financial
(256) 650-5528 964 Airport Rd SW # 11
Huntsville, AL

Citi Financial
(256) 922-0001 6125 University Dr NW # D6
Huntsville, AL

Citi Financial
(256) 539-8424 2209 University Dr NW
Huntsville, AL

Citizens Community Bank Mtg
(256) 852-5005 1936 Winchester Rd NE # A
Huntsville, AL

Coat's & Co Inc Huntsville
(256) 562-2200 525 Madison St SE
Huntsville, AL

Collins Note Buyers
(256) 713-1025 600 Boulevard South SW
Huntsville, AL

Consumer First Mortgage
(256) 534-3797 1806 University Dr NW
Huntsville, AL

Consumer First Mortgage Co
(256) 534-1722 900 Bob Wallace Ave SW
Huntsville, AL

Cornerstone Mortgage Group
(256) 532-3191 904 Bob Wallace Ave SW
Huntsville, AL

Countrywide Home Loans
(256) 534-5225 919 Merchants Walk SW
Huntsville, AL

Business Name: Address:
Countrywide Home Loans
(256) 533-5553 900 Bob Wallace Ave SW # 110
Huntsville, AL

Countrywide Home Loans
(256) 519-3100 2409 Commerce Ct SW
Huntsville, AL

Countrywide Home Loans
(256) 885-1700 3601 Memorial Pkwy SW # C
Huntsville, AL

Don Patton Mortgage Broker
(256) 837-9905 1580 Sparkman Dr NW
Huntsville, AL

Dreamstar Mortgage
(256) 851-1933 3310 Winchester Rd NW
Huntsville, AL

Eva Bank Mortgage
(256) 881-3700 3000 Bob Wallace Ave SW
Huntsville, AL

Fatboy Productions
(256) 852-1140 1527 Winchester Rd NE
Huntsville, AL

First American Bank
(256) 519-6900 100 Church St SW # 200
Huntsville, AL

First Family Mortgage Co
(256) 425-0105 7527 Memorial Pkwy SW # B
Huntsville, AL

First Federal Bank Mortgage
(256) 551-0123 1010 Airport Rd SW # A
Huntsville, AL

First Financial Mortgage
(256) 382-0090 4410 University Dr NW # 119
Huntsville, AL

First Metropolitan Mortgage
(256) 713-2000 2004 Poole Dr NW
Huntsville, AL

Hamilton Mortgage Corp
(256) 539-9800 915 Merchants Walk SW # B
Huntsville, AL

Holland Home Funding
(256) 890-8884 4920 University Sq
Huntsville, AL

Home Town Lenders
(256) 430-9867 4833 Sparkman Dr NW
Huntsville, AL

Home Town Lenders Perimeter
(256) 828-8309 1500 Perimeter Pkwy NW # 350
Huntsville, AL

Hometown Lenders
(256) 512-5626 4833 Sparkman Dr NW # C
Huntsville, AL

Impact Mortgage
(256) 217-9990 1797 Jeff Rd NW
Huntsville, AL

Income Tax Xpress
(256) 885-0866 2227 Drake Ave SW # 11
Huntsville, AL

Lawhorn Mortgage Co
(256) 539-0555 200 Clinton Ave W # 509
Huntsville, AL

Business Name: Address:
Magellan Mortgage
(256) 288-0288 1803 University Dr NW # A
Huntsville, AL

Magellan Mortgage
(256) 430-1044 4710 University Dr NW
Huntsville, AL

Mortgage America
(256) 852-4446 1527 Winchester Rd NE
Huntsville, AL

Mortgage America Inc
(256) 882-0233 2315 Market Pl SW # B
Huntsville, AL

Mortgage Avenue
(256) 551-0797 2315 Market Pl SW
Huntsville, AL

Mortgage Executives
(256) 837-4153 1580 Sparkman Dr NW
Huntsville, AL

Mortgage Outlet Inc
(256) 533-5669 7501 Memorial Pkwy SW
Huntsville, AL

National Lending Corp
(256) 851-9224 2025 Sparkman Dr NW
Huntsville, AL

New South Federal Savings Bank
(256) 539-9538 2313 Market Pl SW # B
Huntsville, AL

New Start Funding
(256) 704-4450 920 Merchants Walk SW
Huntsville, AL

North Alabama Bank
(256) 852-4123 1590 Winchester Rd NE
Huntsville, AL

Old Stone Mortgage Llc
(256) 885-1700 3601 Memorial Pkwy SW # C
Huntsville, AL

Platinum Mortgage Inc
(256) 713-1500 927 Merchants Walk SW # C
Huntsville, AL

Premier Mortgage
(256) 382-1000 701 Pratt Ave NW # 101
Huntsville, AL

Premier Mortgage Funding Inc
(256) 830-0117 555 Sparkman Dr NW # 826
Huntsville, AL

Premier Mortgage Funding Inc
(256) 859-5285 2006 Poole Dr NW # E
Huntsville, AL

Prime Max Mortgage
(256) 543-9211 7501 Memorial Pkwy SW
Huntsville, AL

Progressive Mortgage Group
(256) 880-8603 3322 Memorial Pkwy SW
Huntsville, AL

Providence Mortgage Group
(256) 489-3980 555 Sparkman Dr NW # 1615
Huntsville, AL

Real Estate Lending Group Inc
(256) 536-5603 908 Merchants Walk SW # B
Huntsville, AL

Redstone Federal Credit Union
(256) 882-8500 3309 Memorial Pkwy SW
Huntsville, AL

Redstone Federal Credit Union
(256) 837-6110 220 Wynn Dr NW
Huntsville, AL

Regions Bank
508 Madison St SE
Huntsville, AL

Renasant Bank
(256) 882-5525 4245 Balmoral Dr SW
Huntsville, AL

Ridge Mortgage Svc
(256) 881-1105 3077 Leeman Ferry Rd SW
Huntsville, AL

Rmc Lending
(256) 430-8770 1500 Perimeter Pkwy NW # 350
Huntsville, AL

Shore Mortgage
(256) 217-0554 555 Sparkman Dr NW
Huntsville, AL

Signature Mortgage Llc
(256) 882-7940 415e Church St NW # 9
Huntsville, AL

Southbank Fsb
(256) 535-6000 118 Jefferson St S
Huntsville, AL

Southern Mortgage Group
(256) 288-0052 2904 Westcorp Blvd SW
Huntsville, AL

Stockton Capital Funding Inc
(256) 533-5626 209 Lincoln St SE
Huntsville, AL

Sun Mortgage America
(256) 882-2384 7501 Memorial Pkwy SW
Huntsville, AL

Sun Trust Mortgage
(256) 650-2244 4000 Balmoral Dr SW
Huntsville, AL

Sunset Mortgage Inc
(256) 562-1143 1200 Jordan Ln NW # 4
Huntsville, AL

Synovus Mortgage Corp
(256) 288-4302 301 Washington St NW
Huntsville, AL

Synovus Mortgage Corp
(256) 288-5131 1333 Enterprise Way NW
Huntsville, AL

Titanium Mortgage Llc
(256) 859-5551 2002 Poole Dr NW # D
Huntsville, AL

Wachovia Mortgage Corp
(256) 551-4127 409 Madison St SE
Huntsville, AL

Walter Mortgage Co
(256) 882-6543 3322 Memorial Pkwy SW
Huntsville, AL

Wells Fargo Financial Accptnc
(256) 922-1300 6125 University Dr NW # B8
Huntsville, AL

 

Strong housing market means sound loans are available

Wednesday, February 27, 2008 Huntsville Times
Despite national credit woes, area lenders say good loans are available for houses in Huntsville area.

 

"Nationally, credit is tighter due to the well-publicized trouble in housing," says Bill Nigh, executive vice president and chief operating officer of First Commercial Bank. "However, locally, our market is still strong so we have not had as much tightening related to credit."

 

Nigh says construction and construction-permanent loans are available for those who want to build, and home equity lines of credit can help owners renovate their houses.

Also, he says demand for housing has remained strong and consistent while availability in certain areas has increased faster than demand in anticipation of the military base realignment, or BRAC.

 

"This has created a little more of a buyer's market in those areas than we have experienced in the past," Nigh says, but loans are certainly available for those who qualify. "Rates are low to help the economy and housing market improve in general."

It's an especially good time to take advantage of good interest rates, although he says the decision to build depends on the individual, and location. There are many factors that go into that decision, including inventory and current housing inventory.

While many areas of the country are having problems with a declining housing market, Dorothy Lofton says the Huntsville area is a great place to make a loan and buy a house.

 

"I don't think we should be concerned with the activity we are experiencing 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."

 

Affordable interest with interest rates hovering around a very affordable 6 percent and construction costs easing, Lofton says those are good incentives to build or buy your dream house.

 

"Money is available in Huntsville," she says. "I don't believe there is a credit crunch at all. We are using more FHA loans for customers with credit glitches that result in lower credit scores."

 

Lofton says the meltdown in the industry is rooted in programs developed for buyers who "wanted more house" or to help them qualify for the house. That meant the programs were designed to fit needs such as no income, no asset, or stated income, stated assets. Usually this loan was combined with an interest-only ARM (adjustable rate mortgage) or a pay-option ARM.

 

"This worked great until housing prices began to fall," she says. "Before housing prices came down, if a homeowner on one of these programs got into trouble with making the payments, they could sell the house, make a good profit and move on. However, when the meltdown happened, those who could not make the payment (after the yearly adjustment to the interest rate), were not able to sell the house, and that is when the foreclosures started."

 

New technology and diverse financial offerings make it easier for people with good credit to apply and receive a mortgage. Software allows them to enter a loan amount, house price and credit score into several programs that can qualify you for a loan. A sizeable portfolio of loan products are available.

 

Computers have considerably lessened the processing time, completing in minutes what once took up to six weeks to handle. This technology also makes it much easier and faster to provide several loan options, depending on an applicant's credit score and history.

Lofton says those approved know right away and can meet with their Realtor that same day.

 

The main factor in any loan is your credit score. A good one will likely qualify you for a conforming loan and a lower interest rate with better options. Lofton says these loans are underwritten in conjunction with the Alabama Housing Finance Authority and also offer 100 percent financing and a 30-year fixed rate mortgage. People in a low- to medium-income bracket can qualify for these loans, making it possible for them to buy a house. The loan requires no down payment.

 

Nathan Lombard, assistant vice president of real estate at Redstone Federal Credit Union (RFCU), says the credit union offers construction-permanent loans for new construction and cash-out refinances, second mortgages and home equity lines of credit for house improvements.

 

United First Financial offers The Money Merge Account system, a new product that helps home owners to pay off their existing mortgage in as little as half to a third less time, says Branch Manager Joe Staley. This software keeps the homeowner on track, saving thousands of dollars in interest.

 

Staley says because many Americans lack the financial savvy to really understand the mortgage process, they make budgeting decisions based on emotion rather than gaining the financial education to make the most of their finances. By combining credit strategies with advanced financial tracking software, UFirst's Money Merge Accountant system helps you make better financial decisions that increase equity payments, help weigh out the long-term impact of financial decisions in advance of making them, and pay off mortgages on an accelerated schedule.

 

INSTITUTION

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 /

Featured Mortgage 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

SOUTH BANK 519-3257 / Jennifer Taylor, Loan Officer / 256-519-3221 Ginny Terry, Loan Officer / 256-519-3241 Sam Moss, Loan Officer / 256-213-4804

Featured  Mortgage Loan Program: Local Processing, Underwriting & Closing !!!!Check Out Our Govt Rates!!!!

COLONIAL BANK 551-4884 WOODROW WILLIAMS / 256-551-4884 Linda Shockley / 256/551-4762

Featured  Mortgage Loan Program: We participate in the ALabama Housing Finance Authority program. We have Construction Perm loans at 6.625% . Call today!

FIRST AMERICAN BANK, MTG DEPT. (256) 382-4560 MELANIE MULLINS / 256-508-3083 Martha Bishop / 256-679-7216 Vicki Brown / 256-656-4326 Ethel Carter / 256-520-4853 Ben Wilson / 256-564-5736 Cecelia Hargrove / 256-694-4242 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 Mona Robinson / 256-651-3007 Kylie Shannon / 256-797-1957 Kristi Tapscott / 256-303-2833

Featured  Mortgage Loan Program:

SERVIS FIRST BANK (256) 722-7821 CINDY LEBLANC / (256) 722-7821 Sheree Moore / 256-679-5110

Featured  Mortgage Loan Program: Ask about our 100% no PMI loan option.

REAL ESTATE LENDING INC (256) 536-5603 DEBBIE WHORTON / (256) 797-7698 Debbie Whorton / 256-797-7698 Pat Allen / 256-656-1215 Janice Gray / 256-651-4805 Kelli Karnes / 256-656-4316

Featured  Mortgage 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.

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

Featured  Mortgage Loan Program: PRE-APPROVAL@WWW.MAGELLANMORTGAGE.COM (no fee), Serving YOU since 1990; Superior Construction/Perm long term lock options * * YOUR RELOCATION SPECIALIST* 100% and First-time buyer Programs: Most Rates based on 200K loan amt

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 Ashley Brown, Loan Officer / 256-603-4810 Nancy Hinger, Loan Officer / 256-508-1819 Lisa Smith, Loan Officer / 256-759-6003 Karen Blomeyer, Loan Officer / 256-656-0320 Charlie Thorne, Loan Officer / 256-652-7449 Jessica Chaney, Loan Officer / 256-603-2166

Featured  Mortgage Loan Program: 100% Successful Reward no PMI. Local Processing and underwriting. AHFA Loans Rate on bond 5.875%

BANCORP SOUTH MORTGAGE (256) 564-8460 BETTY KITCHENS / 256-564-8461 Amy Osborne / 256-564-8463

Featured  Mortgage Loan Program: Wow!! Check out our Government Rates - No waiting...get approval on the spot...local underwriting & funding...1X Close CP

COUNTRYWIDE HOME LOANS (256) 534-5225 KRISTIE PHILLIPS / 256-534-5225 Susan Loper-Branch Manager / 256-658-3095 Mark Andreoni / 256-316-4539 Sharon Andrews / 256-509-5626 Kristin Ardal / 256-655-0837 Peggy Young / 256-975-1592 Jennifer Blankenship / 256-426-9291 Misty Anderson / 256-990-1956 Cami Felix / 256-797-5761 Shannon Fortner / 256-755-0156 Cathy James / 256-337-3352 Theresa Leslie / 256-337-9636 Carmen Mullins / 931-224-8290 Brent Daniel / 256-468-5867 Bonita Payne / 256-683-2094 Karla Reagin-Young / 256-651-2145 Shannon Roden / 256-655-8849 Teresa Schmitt / 256-651-6574 Valerie Wilkerson / 256-655-5494 Jeff Walczak / 256-714-8464 Jeanette Lowe / 256-508-0038 Toni Roberts / 256-227-1617 Kelly Stults / 256-509-2037

Featured  Mortgage Loan Program: Great 80/20 programs and other 100% LTV options!!!

STRATEGIC CAPITAL MORTGAGE (256) 885-4044 ANNAS AYTCH / (256) 885-4044 Rosemary Aytch / 256-885-4045 Sharon Myers / 256-489-4059

Featured  Mortgage Loan Program: You Have Questions.....We Have Answers! Visit our website at loansforhouse.net

RENASANT BANK/DECATUR 256-355-4119 MORTGAGE DEPARTMENT / 256-355-4119 Irene Williams / 256-355-4117 Tina George / 256-301-6437 Missy Baxter / 256-351-4373 Tammy Snider / 256-351-4372

Featured  Mortgage Loan Program: EXTENDED LOCK UP TO 12 MONTHS WITH FREE FLOAT DOWN.

SIGNATURE MORTGAGE LLC (256) 882-7940 BOB ROGERS / (256) 882-7940 Lisa Blake / Dave Ryals / Teri Fairman / Lori Millwood / Cindy Marion /

Featured  Mortgage Loan Program: Visit us Online at www.SignatureMortgage.LenderPlanet.com

RENASANT BANK (256) 382-2828 JENNIFER JONES, MANAGER/LO / 256-603-8743 Julie Davis, Loan Officer / 256-476-0391 Brandi McEwen, Loan Officer / 256-520-0225 Leslie Curtis, Loan Officer / 256-479-4104 / /

Featured  Mortgage Loan Program: FREE PRE-APPROVALS, 100% FINANCING, NO PMI LOANS, CONSTRUCTION-PERM LOANS, INTEREST ONLY, BOND MONEY. WE HAVE GREAT RATES, GREAT SERVICE, AND KNOWLEDGE. YEARS OF EXPERIENCE. CALL US TODAY!

SUN TRUST MORTGAGE (256) 705-3592 SANDRA ECHOLS / (256) 650-7300 Jimmy Lehman / 256-650-7303 Saul Ginsburg / 256-650-7302 Racheal Smallwood / 256-650-7304 Barbara Harrell / 256-650-7306 Ross Shields / 256-650-7307 Vivian Grider / 256-650-7305 Connie Standridge / 256-650-7312 Gina Smith / 256-650-7308

Featured  Mortgage Loan Program: LOCAL PROCESSING, UNDERWRITING & CLOSING. AHFA 30 YR BOND 6.125%.