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Alabama Home Loans - Conventional Loan Programs

Conventional Loan Programs are designed for those customers with good, established credit histories.

Conventional loan programs are those without insurance or guarantee by a federal agency. If a borrower is putting less than 20% down, private mortgage insurance (PMI) is required. The rate for PMI will vary depending upon the Loan-to-Value (LTV), Loan Type, and the Term of the Loan. Conventional loan programs have credit guidelines and qualifying ratios that are not as flexible as FHA or VA loans.

Please fee free to contact us for any information on our Alabama Home Loans. I hope you find information on this site useful for your new Alabama home purchase or refinance.