Huntsville Alabama Real Estate prices
HUNTSVILLE ALABAMA REAL ESTATE

Alabama mortgage home loan | mortgage rates Brokers Lenders

Huntsville Alabama Mortgage: Good Credit Bad Credit

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


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Huntsville Alabama Mortgage Loan Companies

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


MortgageAmerica 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

 

Kinds of Mortgage home and commercial loans in Huntsville

Fixed-Rate (FRMs)

Adjustable Rate (ARMs)

Option (Flexible Payment) ARMs

Balloon

Biweekly, Bimonthly and
Weekly Payment

FHA Mortgage

VA

Shared Appreciation

Dual Index

Wrap-Around

Interest-Only

Graduated Payment

Simple Interest

80/20

1 yr jumbo ARM
3/27 ARM
30 yr fixed mtg
15 yr fixed mtg

30 yr FHA mtg 

 

Alabama Mortgage

Alabama mortgage foreclosures | Alabama Mortgage Loans
Home foreclosures in Alabama have mushroomed to an astonishing 82 percent last year, after fly-by-night borrowers defaulted on Alabama mortgages extended during the housing boom that ran from 2001 throughhome for sale listing 2005.
There were 7,903 Alabama mortgage foreclosures filings in 2007, according to California-based RealtyTrac Inc., which compiles nationwide real-estate statistics. The 82 percent foreclosure increase from 2006 was worse than the national increase of 75 percent, though Alabama ranks low among the states in filings.
If you are in the market for a new home or looking to refinance Alabama home, visit Alabama mortgage @ http://www.alabamasmortgage.com/ for updated information on the Alabama mortgage market.

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