Mortgage Products that Get Buyers Moving (pun intended)...Birmingham, Alabama

Mortgage and Lending with HomeTown Mortgage Services

Mortgage Products that Get Buyers Moving (pun intended)...Birmingham, Alabama


There are many different mortgage products out there to choose from but, only a few that get Mortgage Products Birmingham, Alabama buyers excited and moving. Those buyers that are not quite ready to pull the trigger for one reason or another or, are anxious about the financing process or, are trying to save up for the down payment, might take action sooner if they were made aware of the different mortgage products that require very little out-of-pocket to move in.



USDA Home LoansThere is, for the time being, still a Zero Down Mortgage product available through the USDA Rural Development Program. This program is designed to help low to moderate income buyers purchase homes without having to come up with large down payments. The income limitations can be as high as $71,000. The property must meet eligibility requirements but there are many desirable areas that qualify. There is Zero Down payment required and the rates are very favorable.


Mortgage Products that get buyers moving

Buyers living in the state of Alabama have access to the AHFA's (Alabama Housing Finance Authority) Step UP program. The Step Up program is designed for moderate income buyers that need down payment assistance. The out-of-pocket expense is only 1/2% ($1,000. for a $200,000. house) and the is no limit on sales price and it does not limit you to geographical areas as the USDA program does.


The bottom line is that there are products out there that make it easy to get into a home and not all buyers are aware of these products. If you or your client are thinking about buying a home and want to know more about these or other Mortgage Products in Birmingham, Alabama, give me a call and I will help sift through the options and help get you in that house. 



Posted by

Chuck Binzel

              Chuck Binzel

                               Loan Officer
            Home Town Mortgage Services Inc.
                          Office: 205-380-8053                 
                          Cell: 205-746-6222
                          Fax: 205-795-7285

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Comments (1)

Ann Allen Hoover
RE/MAX Advantage South - Hoover, AL
CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

Hey Chuck, how are you doing?  From what I was hearing a few weeks ago I thought sure they would have run out of funds by now.  Good to know there is a little left to go around.......

Apr 22, 2010 06:36 AM