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Loans

Loan Programs

We Do It All

Outside of Alabama, I am also licensed to lend Assurance Financial’s money in the great states of Louisiana, Mississippi, Florida, Tennessee, and Texas. We offer a variety of standard loan programs and specialty programs as well. I will talk with you regarding which option(s) will benefit your situation the most.

ALABAMA HOUSING *AFHA*

  • 0 % down for conventional

  • 0.5 % down for FHA and income limits apply

CONDOMINIUM PURCHASE

  • Non Warrantable

  • Warrantable

  • FHA Approved Condominium

CONSTRUCTION LOAN

  • Up to 90% LTV

  • Customized builder draw

CONVENTIONAL FIXED & ARMs

  • Minimum of 3% down

  • Max Loan Limit of $453,100

FHA FIXED MORTGAGE & ARMs

  • Require 3.5% down payment

  • This loan program is federally insured so we can offer better terms

JUMBO FIXED MORTGAGES & ARMs

  • As Little as 10% down

  • Loan Value Between $453,100 to $3M

REFINANCE

  • Cash Out

  • Call us about current rates

  • Quick turn around

USDA GUARANTEED RURAL HOUSING PROGRAM

  • No down payment required

  • Income limits apply

  • For rural properties located in specific areas deemed eligible by the USDA

VA FIXED MORTGAGES & ARMs

  • No down payment required

  • Loan Limit of $453,100

  • Guaranteed by the U.S. Department of Veterans Affairs, allowing our veterans to receive the best terms possible

VA JUMBO FIXED MORTGAGE & ARMs

  • No down payment required

  • Loan amounts over $453,100 for most counties

  • Guaranteed by the U.S. Department of Veterans Affairs, allowing our veterans to receive the best terms possible

A FEW OF OUR SPECIALTY PROGRAMS

CONSTRUCTION & RENOVATION LOANS

Assurance offers one of the most aggressive construction products available. With supply of homes being at some of the lowest levels ever compared to demand for housing, this has served as a viable option for home buyers to either build a new home or renovate an existing home in the location the borrower would like to be.

MY COMMUNITY MORTGAGE ™

My Community Mortgage offers affordable financing to serve low to moderate income borrowers in the service fields to include healthcare, law enforcement, fire department and military.